Real Estate Marketing & Beyond
According to news from Europe, occupancy demand is slated to drive investment in property in the Czech Republic and Slovakia by as much as 200 percent. The International Investment Atlas 2011, issued by consultants Cushman and Wakefield, shows growth for these two European countries actually driving investment across central and Eastern Europe.
Cushman and Wakefield Czech Republic and Slovakia head James Chapman had this to say about the report:
"In the Central European region, pricing will see a similar increase to that seen in Western Europe during 2010 with yields expected to fall by approximately 50 basis points during the year."
Reduta shopping center in Poland, one of Atrium's investments
According to Chapman, International investors actually have a bigger share of the Czech market already this year. As the market returns to a more "liquid" state, we can probably expect to see even further gains. Investor confidence, according to several of the Cushman Wakefield reports, appears to be solidifying across many sectors. The office snapshot here (PDF) indicates the investor pool should expand, especially with British, American and German funds increasing in activity.
Rachel Lavine, CEO Atrium Sounds the gong with Chaim Katzman, head of Atrium Europe
In the economic sector, for Slovakia and other central and Eastern Europe nations, continued labor woes weigh down the recovery a bit. But, continued wage increases and job growth in neighbor countries makes the outlook in this segment at worst, stable (PDF). And in supportive news, Amsterdam and Vienna-listed CEE shopping center investment titan and developer Atrium European Real Estate is eyeballing key acquisitions in Poland, the Czech Republic and Slovakia. The bottom line there is; Atrium never makes a move that is not profitable.
Parkhouse Wolgograd shopping center in Russia, another Atrium investment
