Latest News

13 March 2019 HOW PRADERA RETAIL ASIA IS TRANSFORMING DESTINATIONS TO COMPLEMENT RETAIL WITH LEISURE "We pride ourselves on being asset driven. Our skill as a quality asset manager lies in market research" 12 February 2019 Only the right leisure experience will add value to your retail asset In recent years the words ‘leisure’, ‘entertainment’, and ‘food & beverage’ (F&B), have become buzzwords throughout the retail property industry. 29 January 2019 BULD'AIR SHOPPING CENTRE - MOBILIER DE FRANCE A new addition to the home retail offer at Buld'Air Shopping Centre, Avignon, France

More News


Contacts by location
Pradera Limited
Jubilee House
197-213 Oxford Street
London W1D 2LF
Tel: +44 20 7539 5432
Pradera European Retail Parks TopCo S.à r.l.
14, rue Edward Steichen
L-2540 Luxembourg
Tel: +352 2484 0166
Pradera Management Spain SLU
Edificio Regus C/Pinar 5
28006 Madrid
Tel: +34 91 512 0224
Fax: +34 91 512 0280
Pradera Management Italy S.r.l.
Piazza Cavour 2
20121 Milano
Tel: +39 02 3657 8400
Fax: +39 02 3657 8438
Pradera Gayrimenkul Yönetimi
Meydan Sokak. Mermerler Sitesi
Edin Suner Plaza
A Blok 6A
Tel: +90 212 350 90 71
Fax: +90 212 351 40 49
Pradera Management Czech Republic s.r.o.
Senovazne namesti 8
110 00 PRAGUE 1
Czech Republic
Tel: +420 725 537 170

Republic CZ I Parks Holdco s.r.o.
Senovazne namesti 8
110 00 PRAGUE 1
Czech Republic
Tel: +420 224 423 333
Pradera Management Poland sp. o.o.
Homepark Targówek
Domoteka, 1st floor
Malborska 41 str.
03-286 Warsaw
Tel: +48 22 292 2820
Pradera Management Germany GmbH
c/o Mindspace, Viktualienmarkt 8
D-80331 Munich
Tel: +49 892 109 4393
Hong Kong
Pradera Hong Kong Limited 1202
Ruttonjee House
11 Duddell Street
Hong Kong
Tel: +852 3107 3820
Pradera Retail Asia
Level 5
Unit 502
No. 353 Nanjing East Road
Huangpu District
Shanghai 200001
Tel: +86 21 6029 3599
Careers | Contact details

Home News & Media Retail News

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

Retail sales forecast to grow in CEE over next decade

EE retail sales are forecast to expand at between 4.2%-7.6% per annum in the next decade, according to a new research report published by broker Colliers International.

Read whole story

European real estate investment up 12% in Q3 2017

Total real estate investment in Europe reached €66bn in Q3 2017, representing a 12% increase on the same period last year, according to the latest report from global real estate advisor, CBRE.

Read whole story

Wave of shopping centre closures in the US won’t be replicated in Europe

Europe’s retail market is ahead of the curve in dealing with global structural change, according to a new research report published by JLL. The report - ‘Structural changes in retail – why Europe and the US are different’ - says the wave of shopping centre closures in the US won’t be replicated in Europe thanks to smaller market size, less reliance on department stores and movement towards shopping experiences.

Read whole story

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

First 1 2 3 4 5  ... Last 
Background Photo:
Ragusa: Ibleo Shopping Centre