Friday, 13 March 2015
#DTZ Investment volumes for CEE logistics markets reached record levels in 2014 with €1.7 bln of transactions
Research released by DTZ for logistics markets in Central Eastern Europe (CEE) revealed record levels of investment volumes in the region for 2014.
Almost €1.7 bln of deals was transacted during the year, four times the investment inflows usually registered on the CEE logistics market. Poland and Czech Republic were the two most active countries, with €720 mln and €734 mln of transactions respectively, thanks to large portfolio deals.
The market benefitted from an improving economic environment in 2014, with the area outperforming the Eurozone in terms of GDP (+3.2% vs. +2.2%), industrial production (+6.3% vs. +3.9%) and international trade (+8.8% vs. +7.5%) growth and this trend is expected to continue in the medium term.
Approximately 3 mln m² of logistic space was taken-up in CEE in 2014, way above the long-term average of 2.2 mln m² but slightly below the results recorded in 2013 (3.1 mln m²). Poland was also confirmed as the main hotspot for the region with 1.9 mln m² transacted in 2014.
Magali Marton, Head of EMEA Research, adds: “The logistics asset class in CEE should stay high on international investors’ monitors in the short term as CEE logistics markets are among the most under-priced in Europe alongside Spanish ones. The improving economic context is expected to stimulate the occupiers demand, especially from international trading companies.”