Investment in industrial property in Central European real estate markets has proved to be uneven over the first half of this year, new figures show. According to Jones Lang LaSalle's European Industrial Markets Autumn 2011 report, investment volumes remain below pre-economic crisis levels.
Only Poland has recorded growth, with the country up 19 per cent on the second half of 2009. Take up is now higher than new completions and as a result vacancy rates fell across the region.
"Industrial investment volumes in the CEE reached a record share in European volumes in H1 2010. Tomasz Puch, national director of capital markets at Jones Lang LaSalle Poland, said. "The market is dominated by forward funding transactions, the only feasible way for investors to secure healthy long term returns in a compressing yield environment."
Meanwhile, the increased activity, coupled with the improving moods of investors, has led to an increase in demand for projects and easier access to funding.