Czech commercial real estate investment volumes reached EUR 2.66 bln in 2020, decreased YoY by ca 16%.
The largest transaction of the year was the sale of a residential portfolio of Round Hill Capital, which is largely located in Ostrava and its surrounding. This portfolio was acquired by the Swedish company Heimstaden Bostad, one of the largest residential owners in Europe. Contrary to the residential portfolio, which was closed early 2020, the second largest transaction of the year was also one of the latest transactions. This was an administrative building Churchill square, which was acquired by Czech real estate group Českomoravská Nemovitostní (ČMN) in a joint venture with Corporate Finance House Group (CFH). The third-largest deal of the year, also representing the largest retail transaction, was the disposal of OC Kotva. This shopping centre was sold by Pražská Správa Nemovitostní (PSN) and acquired by an Italien insurance group Generali.
The residential sector with its 50% share on total investment volume of 2020 leads the bord. Followed by the office sector (22%), retail (15%) and I&L sector (9%). Hotels (3%) were the leased traded sector, mostly affected by the restrictions.