The total investment volume in Q4 reached EUR 709.2 mln in 33 transactions. Our positive expectations for investment volumes were met, with full year numbers of EUR 3.1 bln being 14% above the 2018 volume of EUR 2.7 bln. This makes 2019 the 3rd most active year on record.
The largest transaction of 2019 was the sale of Waltrovka, with a total volume of over EUR 250 mln. Acquired by GLL on behalf of South Korean clients Hanwha Investment & Securities. This, along with a number of other large transactions by South Korean investors, contributed to offices, being the most liquid sector in 2019, with a 41% share of total volumes.
The second largest transaction of 2019 was in the Hotel sector, R2G acquired the Intercontinental hotel in Prague 1 for over EUR 225 mln. We saw an increased demand in the Hotel sector in 2019, reaching 18% of total investment volumes.
In the last quarter of 2019, the largest transaction was recorded in the Industrial sector. AEW successfully sold its fulfillment centre at Prague airport, for over EUR 130 mln. The total share of deals in the industrial sector reached 13%.
Galerie Butovice represented the largest retail transaction of 2019, acquired by the Czech investment fund Investika for over EUR 86 mln. The Retail sector (with a 20% share of total investment volumes) was dominated by Czech investors, which helped domestic investors achieve a 41% share of all transactions closed in 2019.