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Investment flow into the CEE-6 real estate arena is -21% lower than the Q1 record set in 2018 but East Asian and domestic money remain active.

Investment flow into the CEE-6 real estate arena is some -21% lower than the Q1 record set in 2018. The Q1 2019 CEE Investment Scene infographics presents  the breakdown of the EUR 2.3bn of capital deployed into the CEE-6 countries thus far this year. The most significant factors in the decline are lower flows in Poland (-60% year-on-year) versus a strong Q1 2018 and extreme weakness in the retail sector, with CEE-6 volume just EUR 161mn in the quarter versus EUR 2.03bn twelve months ago.

Mark Robinson, CEE Research Specialist, Colliers International adds:
“The bright spots are that Czech deal flow is back up to the quarterly run rate seen in 2016 and 2017, the CEE-6 office volumes of EUR 1.25bn and a near-record quarter in the hotel sector (EUR 459mn of purchases made). West European funds were net buyers in Q1 2019, US and UK funds remained net sellers. East Asians were still buyers and domestic money remains active”.
“Two-speed” GDP dynamics are emerging across much of the global economy, with manufacturing slowing and services continuing to grow. Does this pattern repeat in the CEE-6 countries? Slowing momentum in Q1 industrial production is evident in the Czech Republic and Romania. Manufacturing growth remains healthier elsewhere in the region. Supported by wage dynamics, Q1 retail sales growth is more robust across most of the CEE-6, except in Slovakia and Bulgaria.

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United Kingdom

Luke Dawson

Managing Director Cross Border Capital Markets

London - West End

I started with Colliers in 2003 working as Director of Corporate Development with a focus on mergers and acquistions across the globe.  After leading the acquisitions of the Colliers businesses in Russia, Ukraine, and South East Europe, I relocated to the Czech Republic in 2007 to take on the role of Head of Operations for Eastern Europe.  I was responsible for the day-to-day oversight, integration and coordination of the 13 countries.  In 2012 I accepted the position of Regional Managing Director for South East Europe.  In this position I was responsible for business development, key accounts, investment sales and overall business accountability.

In 2014 I left Colliers to run one of the largest private family offices in the middle east.  This involved leading all asset management, acquisitions and dispositions across the globe and the overall leadership of the organization. 

In early 2017 I returned to Colliers in my current role.  My focus is on driving our investment sales business across Central Europe.  This means strategically managing regional investment relationships, connecting opportunities and guiding the overall strategy of the service line.  I also have leadership responsibility for the Central Europe businesses as a whole and work closely with the local leaders to grow our businesses.

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Aleksandra Wasilewska

PR Director | EMEA


I have 16 year experience in PR and marketing communication. I worked among others for NFI Magna Polonia; Skanska Polska; Apsys Polska and Polish Council of ShoppingCentres. I implemented projects from the field of consumer marketing; market research; corporate communication; as well as brand building; positioning and evolution in Skanska  and Apsys. I am the author of numerous articles on PR and marketing communication.

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