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Eurozone uncertainty dragging on European property markets, commercial investment down 60pct in 2012

Posted on 12 July 2012

According to global real estate firm CBRE, continued eurozone uncertainty combined with a focus on prime assets meant that commercial property investment volumes in Central and Eastern Europe (CEE) were 60% lower in the first half of 2012 (H1 2012) when compared to the volume achieved during H1 2011.
Overall commercial property investment volumes in CEE amounted to almost €2.1 billion during H1 2012. The largest transactions across CEE during this period were the sale of Zlote Tarasy in Warsaw from ING Real Estate Development to a fund managed by AXA REIM and a 50% stake in Golden Babilon Rostokino in Moscow - where IMMOFINANZ bought the remaining shares from its co-owner………………………………………..Full Article: Source


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