{"id":1499,"date":"2020-11-06T12:36:01","date_gmt":"2020-11-06T12:36:01","guid":{"rendered":"http:\/\/ceo.com.pl\/en\/?p=1499"},"modified":"2020-11-06T12:36:01","modified_gmt":"2020-11-06T12:36:01","slug":"cee-investment-volumes-for-the-q1-q3-period-have-reached-ca-e8-0-billion-and-are-12-down-compared-to-the-same-period-of-2019","status":"publish","type":"post","link":"https:\/\/ceo.com.pl\/en\/cee-investment-volumes-for-the-q1-q3-period-have-reached-ca-e8-0-billion-and-are-12-down-compared-to-the-same-period-of-2019\/","title":{"rendered":"Despite investor appetite remaining strong for CEE, year-end volumes are likely to reach \u20ac10-11 billion, ca. 20% lower than in 2019"},"content":{"rendered":"<p><strong>CEE Investment volumes for the Q1-Q3 period have reached ca. \u20ac8.0 billion and are 12% down compared to the same period of 2019.<\/strong><\/p>\n<p>Despite COVID-19 impacts on markets, flow volumes remain relatively healthy for the first 3 quarters of 2020 at ca. \u20ac8.0 billion. Poland attracted EUR 4 billion which represents\u00a0 50% of all volumes in this period according to \u201cThe CEE Investment Scene Q1-Q3 2020\u201d report released by Colliers International.<\/p>\n<p>\u201cThe Polish investment market has remained strong through the lockdown and the ongoing pandemic. Whilst the end of year volumes are expected to be lower this year, the first 3 quarters delivered ca. EUR 4 bn in closed deals, including EUR 1.5 bn of office and EUR 1.9 bn of logistics, which is on course to establish a new record. We expect continued interest in particular in office and logistics asset classes underpinned by an strong inflow of capital into Poland\u2019s key markets, however transactions understandably will continue to take longer to complete\u201d, says <strong>Piotr Mirowski<\/strong>, senior partner, head of Investment Services at Colliers International.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/ceo.com.pl\/en\/cee-investment-volumes-for-the-q1-q3-period-have-reached-ca-e8-0-billion-and-are-12-down-compared-to-the-same-period-of-2019\/#Little_movement_in_prime_yields\" >Little movement in prime yields<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/ceo.com.pl\/en\/cee-investment-volumes-for-the-q1-q3-period-have-reached-ca-e8-0-billion-and-are-12-down-compared-to-the-same-period-of-2019\/#Domination_of_the_office_sector\" >Domination of the office sector<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/ceo.com.pl\/en\/cee-investment-volumes-for-the-q1-q3-period-have-reached-ca-e8-0-billion-and-are-12-down-compared-to-the-same-period-of-2019\/#Western_European_funds_and_the_CEE_domestic_investors_in_acquisition_mode\" >Western European funds and the CEE domestic investors in acquisition mode<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/ceo.com.pl\/en\/cee-investment-volumes-for-the-q1-q3-period-have-reached-ca-e8-0-billion-and-are-12-down-compared-to-the-same-period-of-2019\/#Economies_to_rebound_in_2021\" >Economies to rebound in 2021<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Little_movement_in_prime_yields\"><\/span>Little movement in prime yields<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Since Q2 we have recorded very little movement in prime yields, primarily due to the lack of transactional evidence to support further shifts. Our view remains that while some shifts are inevitable, core, well performing assets should hold up well, with more pressure expected on secondary product. Due to the shift in interest of investors to logistics we can also expect to see prices react accordingly.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Domination_of_the_office_sector\"><\/span>Domination of the office sector<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The office sector again dominated in the first 3 quarters of 2020. Understandably, Retail and Hotels are down considerably on last year, with logistics significantly up and greater volumes held back only by the shortage of supply.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Western_European_funds_and_the_CEE_domestic_investors_in_acquisition_mode\"><\/span>Western European funds and the CEE domestic investors in acquisition mode<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Western European funds have been most active during the first 9 months of 2020, although volumes were supported by Sweden\u2019s Heimstaden Investing into a \u20ac1.3 billion residential portfolio in the Czech Republic.<\/p>\n<p>CEE domestic investors, consisting of mainly Czech and Hungarian capital, have also remained in acquisition mode, investing both in their own markets and cross border within CEE. Capital from Asia, particularly Singaporean and South Korean, have continued to secure opportunities in the region.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Economies_to_rebound_in_2021\"><\/span>Economies to rebound in 2021<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Globally and in CEE, economies are expected to take a hit in 2020, but rebound rapidly from 2021 onwards. Unemployment rates are also expected to increase, and the combination will put downward pressure on retail sales.<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-1500 size-full\" src=\"http:\/\/ceo.com.pl\/en\/wp-content\/uploads\/2020\/11\/Economies-to-rebound-in-2021.png\" alt=\"Economies to rebound in 2021\" width=\"602\" height=\"192\" title=\"\" srcset=\"https:\/\/ceo.com.pl\/en\/wp-content\/uploads\/2020\/11\/Economies-to-rebound-in-2021.png 602w, https:\/\/ceo.com.pl\/en\/wp-content\/uploads\/2020\/11\/Economies-to-rebound-in-2021-300x96.png 300w\" sizes=\"auto, (max-width: 602px) 100vw, 602px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CEE Investment volumes for the Q1-Q3 period have reached ca. \u20ac8.0 billion and are 12% down compared to the same period of 2019. Despite COVID-19 impacts on markets, flow volumes remain relatively healthy for the first 3 quarters of 2020 at ca. \u20ac8.0 billion. Poland attracted EUR 4 billion which represents\u00a0 50% of all volumes [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1072,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8],"tags":[289,299,496,62,444,64],"class_list":["post-1499","post","type-post","status-publish","format-standard","has-post-thumbnail","category-real-estate","tag-colliers","tag-colliers-international","tag-covid-19","tag-piotr-mirowski","tag-poland"],"jetpack_publicize_connections":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts\/1499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/comments?post=1499"}],"version-history":[{"count":0,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts\/1499\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/media\/1072"}],"wp:attachment":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/media?parent=1499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/categories?post=1499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/tags?post=1499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}