Commercial real estate investment deals in 1Q10 recall 1Q08

CB Richard Ellis, the real estate consultancy, said in a press release yesterday that the volume of the three investment deals in commercial real estate in Ukraine in 1Q10, USD 25 mln, was close to the volume in 1Q08. The 1Q10 figure was 47% higher than all deals reported in 2009; the average transaction volume more than doubled. CB Richard Ellis said that the results suggest the market has passed its bottom. CB Richard Ellis partner Sergey Sergienko said that the investment deals were being conducted mainly by local market players.