Czech Republic RE investment totals €290m
A total real estate investment volume of €290 million ($349 million) was transacted in the Czech Republic during first quarter 2021, according to Savills.
“During the first quarter of this year, 13 transactions were concluded, which is 18 percent more than a year ago,” said Lenka Pechová, senior research analyst, Savills CZ&SK. “As in the previous quarter, office properties remained the leading asset class for the Czech real estate investment market, capturing €163 million [$196 million], 56 percent of the first quarter volume. The industrial sector was the second-largest sector with a share of 21 percent.”
Czech investors acquired 10 of the 13 properties, three of which were in Prague. Of the 13 deals closed in the first three months of this year, seven were smaller than €10 million ($12 million), while three transactions ranged between €50 million and €100 million ($60 million and $120 million).
Although prime core assets remain the most