12.07.2012 - Eurozone uncertainty dragging on European property markets, commercial investment down 60pct in 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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