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18 September 2017 PRADERA CONTINUES GROWTH WITH OPENING OF FIRST GERMAN OFFICE Pradera, the specialist international retail real estate fund and asset manager, today announced the opening of its first German office as the company continues its successful growth through expansion across Europe and into Asia. 8 August 2017 Online giant blending offline and online grocery and it's not Amazon Alibaba Group Holding Ltd. has stepped up its efforts to combine physical retail with online in the supermarket space. The Chinese e-commerce behemoth has opened three new membership supermarkets, under the Hema banner, in Beijing and Shanghai, that seamlessly blend offline features with physical retail. 8 August 2017 Rebound in UK investments Europe posted a strong second quarter with over €74bn in investments. This brings the total for H1 2017 to €130bn, which represents an increase of 13% compared to the same period in 2016.

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Meydan Sokak Mermerciler Sitesi
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Fax: +90 212 351 40 49
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Pradera Management Czech Republic
Senovazne namesti 8
110 00 PRAGUE 1
Czech Republic
Tel: +420 224 423 331
Fax: +420 224 423 333
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Pradera Management Poland
sp. z o.o.
Złote Tarasy Skylight, 5th floor
ul. Złota 59
00-120 Warsaw
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Tel: +48 22 222 15 15
Fax: +48 22 222 15 22
Munich
Pradera Management Germany GmbH
c/o Mindspace, Viktualienmarkt 8
D-80331 Munich
Germany
Hong Kong
Pradera Hong Kong Limited 1202
Ruttonjee House
11 Duddell Street
Central
Hong Kong
Tel: +852 3107 3820
Shanghai
Pradera Retail Asia
Level 5
Unit 502
No. 353 Nanjing East Road
Huangpu District
Shanghai 200001
China
Tel: +86 21 6029 3599
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CEE experiences a 38% year-on-year increase in transaction volumes

Jones Lang LaSalle presents its CEE Investment Market Overview summarizing the trends and investment transactions recorded in the first half of 2013 on the commercial real estate market in Central and Eastern Europe (CEE).

According to Jones Lang LaSalle analyses, in H1 2013 over 50 investment transactions of approximately €1.74 billion have been recorded in CEE.  This represents a 38% y-o-y increase compared to volumes in H1 2012.  Czech Republic is the second highest biggest regional market with a share of approximately 23% in the CEE followed by Hungary (10%), Slovakia (8%) and Romania (4%).  Poland remains the leading CEE market with 56% share.  In contrast, Bulgaria, Croatia and Serbia have yet to record any investment activity in 2013.

Offices transactions accounted for approximately 60% of all deals and almost 70% of the investment volume in CEE.  This was followed by retail transactions with approximately 30% of deals and around 20% of the investment volumes in CCE.

Troy Javaher, Head of Capital Markets, CEE, commented: “Although the overall economic outlook in the CEE remains varied, we have observed increased investor activity in the region during the first 6 months of 2013, with Poland leading the pack, and the Czech Republic, Hungary and Slovakia significantly enhancing their position.  With a number of key transactions expected to close during the second half of the year, we forecast 2013 volumes to come in at around €3.5 billion, which would be close to the €3.84 billion figure recorded in 2012.”

Significant year-on-year improvement on the Czech Market

The total investment volume recorded in H1 2013 amounted to slightly in excess of €400 million.  The vast majority of deals took place within the city of Prague, accounting from approximately 60% by traded volume.  In terms of individual transaction volumes, the largest office deal was the purchase of Andel Park, a prime office building.  With an area in excess of 18,000 sqm, the Prague 5 located asset was acquired by GLL Partners from German open ended fund SEB, for a price of reportedly circa €65 million.

The most active sector in H1 was the office market with a total volume of almost €200 million.  During the first half of 2013, there were no regional office transactions, with investors continuing to concentrate on the capital city.  Notable transactions included eight property assets across the whole spectrum of pricing and strategic sectors.  Mercury Business Centre in Prague 7 was acquired from Sberbank by PSN, whilst other end of the spectrum, Trianon at Budejovicka in Prague 4 was purchased by REICO from Union Investment for circa €54 million.  Other transactions included the purchase of the office element of Galerie Butovice, sold by ING Bank to a private investor, the sale TMW Pramerica’s CBD office buildings Stara Celnice to Invesco RE and Dvorana Office Centre in Prague 9 to Alder Capital SE.  A private investor acquired Golden Cross from CPDP for circa €16 million. 

In the retail sector, investment volumes amounted to €62 million.  Greek fund, Bluehouse Capital, purchased Shopping Centre Rynovka in Jablonec nad Nisou from CPDP making this the third Interspar anchored investment in its Czech portfolio.  Standard Life acquired the remaining share capital in the sale of Pradera’s retail warehouse parks in Olomouc and Ostrava from circa €30 million, whilst the Pradera Retail Park in Ceska Lipa was purchased by Pragorent from Lordship.  The volume in the industrial sector reflected a 75% increase compared to H1 2012 and was driven by the portfolio sale of 50% stake in the Prologis European Portfolio to Norges Bank and the disposal of Pilsen West, a newly built manufacturing asset from Japanese Kajima to a joint venture NGBI and Panattoni.

Final trading volumes were accounted for mainly by the sale of Palace Hotel by Warimpex to a private Czech Investor.  The new owner is set to take over operations from Vienna International Hotelmanagement AG.

Stuart Jordan, Head of Capital Markets for the Czech Republic said: “A certain level of confidence and liquidity has returned to the Czech Real Estate market in H1 2013, evident through investment volumes exceeding €400m and the significant year-on-year improvement this represents against H1 2012.  A number of transactions signed in H1 are not formally closed yet, but these would likely represent a year-on-year three-fold volume increase – an example being the disposal of The Park, a 116,000 sqm Business Park campus, sold by Aberdeen DEGI to Starwood Capital Finance, formally closed at the start of July.  This improved liquidity situation is reflected by the significant number of commercial investment transactions in formal diligence (estimated at circa €0.5bn) and combined with the a narrowing price delta between vendor and purchaser expectations enforces our view that full year investment volumes will be well in excess of the €1 billion mark.”

Retail News

Online giant blending offline and online grocery and it's not Amazon

Alibaba Group Holding Ltd. has stepped up its efforts to combine physical retail with online in the supermarket space. The Chinese e-commerce behemoth has opened three new membership supermarkets, under the Hema banner, in Beijing and Shanghai, that seamlessly blend offline features with physical retail.

Read whole story

Rebound in UK investments

Europe posted a strong second quarter with over €74bn in investments. This brings the total for H1 2017 to €130bn, which represents an increase of 13% compared to the same period in 2016.

Read whole story

Sustained strong investment momentum in Germany

The German Commercial property investment market set another record in the first half of 2017 with an investment volume of €25.8 bn, which represents an increase of 45% compared to the year-earlier period.

Read whole story

Growth in Continental Europe remains robust in Q1 2017

Europe commercial real estate investment totalled €56.1bn in Q1 2017 according to CBRE. Trading activity in continental Europe increased despite elections in several notable markets.

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Retail park vacancy rates hit record low in the UK

Vacancy rates in the retail warehouse market have fallen to their lowest level in more than 15 years. Research by Trevor Wood Associates said vacancy rates have fallen to 5.3%, down from 5.9% last year and well below the peak figure of 11.8% recorded in 2009.

Read whole story

Globalisation is alive and well in the real estate sector

Cushman & Wakefield’s 2017 Atlas Summary report tells the investment stories that are driving the market ahead. Despite political uncertainty, rising populism and the threat of protectionism, cross border real estate investment interest remains high and capital continues to flow in and around all areas of the world.

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