A total of €8.7 billion was invested into European industrial real estate during H1 2014, a 25% increase versus H1 2013, and the highest first half total since 2007. New data from global real estate advisor CBRE also shows that industrial property now makes up 10.3% of the real estate investment market, up from 9.5% in 2013.
CBRE Hungary continues to expand and strengthen its operations with the launch of its Asset Services business line. The new department is led by Zsolt Kákosy as Head of Asset Services and focuses on various fields of property management. The team has been built up since January and is now increased to over 30 professionals, managing 150,000 sq m of real estate.
Middle Eastern investors are expected to spend US$180 billion in commercial real estate markets outside of their own region over the next decade, according to the latest research from global property advisor CBRE.
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