Thinking globally, but acting locally

Money has no homeland. Is that really so? When we take a good look at real estate investors, it turns out that the power of local players has been growing, and they have been driving away the German funds that had once settled on the CEE regionEwa AndrzejewskaProperties in the land on the Vistula river are now being bought by Poles, while Czech properties are being snapped up by the inhabitants of the country famous for its beer and the beautiful old city of Prague. “In H1 this year, purchases on the real estate market had a value of app. EUR 1.5 bln, of which app. EUR 78 mln was spent by local investors. Among the biggest acquisitions were: the Millenium Hall shopping centre in Rzeszów, Galeria Jeziorak in Iława for 
EUR 16.5 mln, the Indomo interior furnishings centre in Lubin for EUR 12 mln and the Jantar mall in Kalisz for EUR 600,000,” lists Wojciech Pisz, the director of Cushman & Wakefield’s capital markets group. Last year this share was even great