CBRE: Investment volumes in Czech Republic remain low in Q1 2009 (CZ)

According to the latest study by CB Richard Ellis, investment volumes in the Czech real estate investment market remained at a low level in the first quarter of 2009. The overall investment volume reached €58.7 million in two office transactions (including the purchase of Jungmanova Plaza by DEKA Immobilien). This represents a nearly 50% decrease compared to the fourth quarter of 2008.

Stuart Bloomfield, Head of Capital Markets adds: „General levels of transactional activity remain low as a result of the global economic downturn; however we see the closing of the Jungmannova Plaza deal as a positive sign of interest in the Prime end of the market."

Source: CB Richard Ellis

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