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CBRE: Property investment in CEE achieves second highest Q1 result since 2007

Posted on 11 April 2013

Total commercial real estate investment volume in Central & Eastern Europe (CEE) reached €2.6 billion in the first quarter of 2013 (Q1 2013), three times the level achieved during Q1 2012 and the highest first quarter result since 2008, according to the latest research from global property advisor CBRE.
The most active markets were Russia (€1.8 billion) and Poland (€400 million), although the smaller economies within the CEE have also seen an increase. The largest transactions were in Moscow: Metropolis shopping centre was acquired for around €900 million by Morgan Stanley Real Estate Investing and AFI Development’s completion of its acquisition of the remaining 50% in Aquamarine BC III, a project close to the Kremlin………………………………………..Full Article: Source

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