In the first three quarters of 2020, the residential sector clearly dominated with a share of 62% of the total volume of investments, followed by the retail sector with 14% and offices with 12%. Investments in industrial and logistics real estate accounted for about 9% of the total volume. The total volume of concluded investment transactions in commercial real estate in the first three quarters exceeded 2.1 billion euros, which corresponds to the average investment amount for the last five years in this period.
Generali Real Estate bought the Kotva department store from PSN, opened in 1975 in the very centre of Prague.
From the office segment, we can mention, for example, City West C1 + C2 in Prague 4, which was bought by Českomoravská Nemovitostní, or City Empiria in Prague 4, which was sold by the Generali group, buying PSN.
In the industrial sector we have recorder an acquisition of the Goodman portfolio by GLP, expanding their footprint in Europe.