26.01.2012 - CBRE: CEE property investment doubles year-on-year
Commercial property investment volumes in Central and Eastern Europe (CEE) reached more than 11.2 billion by the end of December 2011 twice the volume when compared to 2010, according to the latest data from CBRE. Significant deal flow in Russia during December 2011 pushed CEE property investment volumes over the 10 billion mark, which resulted in the third strongest year in CEE history. The strong finish in the final quarter of 2011 (Q4 2011) confirms the expectations CBRE had at the start of December that several pending transactions would close by the year-end. Of particular note was the closing of the Galeria center, a large mall in St. Petersburg, for over 800 million...............................................Full Article: Source
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