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CEE Property Investment in 2011 approaches record levels

Commercial property investment turnover in Central and Eastern Europe (CEE) reached €6.9 billion by mid-August representing an increase of 20% compared to the whole of 2010 and making 2011 already the fourth strongest year in CEE history, according to the latest data from CB Richard Ellis (CBRE).Poland and Russia remain the engines of growth in the region with over 70% of property investment volume (approx. €5 bn), while Czech Republic is close behind registering more than €1bn of property investment thus far in 2011 - an increase of over 50% compared to the whole of 2010.

Patrick O’Gorman, Director of CEE Capital Markets, CB Richard Ellis, commented:
“Volumes in CEE are up on the back of strong economic and property market f...[…]