Commercial real estate investments hit new record in 1H

Commercial real estate investments hit a record €500m in 1H, surpassing the full-year total for last year, according to Cushman & Wakefield. The firm accounted for 60% of transaction value. Investment volumes in Czechia also reached record highs. Warehouses and industrial properties represented 57% of deals, followed by shopping centers (34%) and offices (8%). The investors were led by US firms (24%), Czechia (22%) and Slovakia (16%). Slovakia has been losing appeal recently due to the government's controversial geopolitical stance. Major transactions included five Tesco shopping parks sold to Hungary’s Adventum Group, DSV’s Senec logistics center to Czech fund Reico, and the Vivo Bratislava mall to Wood & Co. Canada’s Slate AM sold three Obi stores to Germany’s Lindner family, while US-based Blackstone acquired a logistics park portfolio from Canada’s TPG. Cushman & Wakefield projects €0.8-1bn in deals for the full year.