Investment into real estate 38% lower, at €523m

The volume of investment into real estate in Slovakia was 38% lower annually in 2017, at €523m, according to data from CBRE, a consultancy. The drop mainly stems from a base effect, as the 2016 sale of the Central shopping center in Bratislava inflated the 2016 figures. The largest transaction was the €125m sale of the Prologis logistics center in Galanta to Chinese investment fund CNIC. The industrial sector dominated the investment deals last year, with four transactions totaling €217m. High demand from investors depressed yields in 2017, to 6.25% in the office segment, 7.25% in the industrial segment, and 5.75% in the retail segment.

(openiazoch.sk)