RE investment volume in Baltics hits record €1.38bn
Published at: 2016-04-15 12:21 | Author: CIJ Journal
The real estate investment volume for Estonia, Lithuania and Latvia hit an all-time high of €1.38bn in 2015, up 62 percent from the previous year’s total, according to a new report from Colliers International. Estonia posted an investment volume of €544m, while RE investments in Lithuania increased by 49 percent to €444m and Latvia posted €394m, up 25 percent y-o-y. Commercial real estate deals totaled €688m of the total volume. Colliers expects the trend to continue this year.
Estonia’s 2015 investment surge, which more than doubled last year’s total, was was driven by a number of large deals and portfolio sales, including the acquisitions of Radisson Blu Sky Hotel and the Solaris shopping center in Tallinn. A BPT Optima fund portfolio and the Saastumaket portfolio also changed hands. Estonia posted the lowest prime yields out of the three Baltic states in 2015.
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