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The CEE Investment Scene | Q1 2021

The pandemic continues to impact on capital markets, with CEE investment flows down by almost 48% on Q1 2020, at ca. €2.0 billion, with preliminary EMEA volumes estimated to be down ca. 30% YoY. Despite the slow start, Colliers currently estimate that CEE 2021 year-end volumes will reach similar levels to 2020, of around €10.0 billion. While the investor pool remains diverse, Western European capital was most active and responsible for ca. 50% of all volumes. German and UK funds in particular (16% each) were most active, followed by CEE capital who were investing mainly in their own domestic markets.  

Poland captured ca. 65% of all volumes, followed by the Czech Republic and Hungary with 14% and 11% respectively. Overall, the Offices sector secured 50% of the total transaction volume, followed by Industrial and Logistics (28%) and Retail (11%). Pricing remained relatively stable overall, but further compression in prime Industrial and Logistics yields are expected throughout the year, subject to transactional activity, which is reliant on product availability.