Industrial assets dominated deals, totalling nearly €300 million, making 2024 a record year for this investment category. Among the most significant deals was the €278 million euro sale of Globalworth's industrial portfolio, partially co-owned with Global Vision, completed through two separate transactions. 

Another notable transaction was the sale of The Landmark, a prime office complex in the central business district, to African Industries Group, backed by Indian capital. 

“The average transaction value in recent years stood at approximately €25 million, marking one of the lowest levels recorded. However, this trend reflects the growing involvement of local capital, which is becoming increasingly active. A new generation of entrepreneurs, who have accumulated capital through their businesses over the past decades, is actively seeking investment opportunities. Between 2022 and 2024, transactions below 20 million euro accounted for, on average, about a quarter of the total annual volume,” says Robert Miklo, Partner | Head of Capital Markets at Colliers. 

Yields remained stable in 2024, standing at 7.25% for prime retail centres, 7.50% for premium office spaces, and 7.75% for top-tier industrial assets, with a slight 0.25 percentage point increase for the latter. 

For 2025, the outlook is promising, with nearly €100 million in signed but yet-to-close transactions, including the sale of a portion of Iride Park and a portfolio of retail parks belonging to MAS REI. Additionally, other deals in various stages of negotiation, totalling approximately €500 million, indicate a strong start to the year. 

All in all, Colliers' analysis suggests that commercial real estate investments could exceed €800 million in 2025.