JLL: Property investment volume in H1 2016 is estimated at 340 million Euro
The property investment volume in Romania in the first half of 2016 is estimated at 340 million Euro, a value 80 per cent higher than that registered in the same period of 2015 (187 million Euro), according to a report by the real estate services firm JLL. 2016-11-01 14:52:23
"Traditionally, Bucharest is the main destination of the real estate investors in Romania, mainly due to the size of the market and the availability of institutional quality product, especially in the office sector," JLL representatives said.
"In the first half of 2016, the Capital City accounted for close to 48% of the total investment volume. Market volumes were balanced between retail transactions (45 per cent) and office (38 per cent) while industrial accounted for close to 17 per cent.
According to the company, the largest transaction registered in H1 2016 was the acquisition of Sibiu Shopping City by NEPI from ARGO for a total of 100 million Euro, which represents the largest single asset deal outside of Bucharest since the economic crisis.
The report also stated that investor interest has increased due to the solid market fundamentals as well as to the still significant yield spread of around 2.25 per cent - 2.50 per cent between Romania and Poland or the Czech Republic.
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