about us | newsletter | contact | archive | members area
Marius Nedelcu, TransferGo
Cash will become obsolete and this will be the result of digital finance advancement»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

Commercial property investments in Romania exceeded 850 million Euro last year, says DTZ

In 2016, the total volume invested in commercial property in Romania exceeded 850 million Euro, a DTZ Echinox report shows. Bucharest attracted 660 million Euro, which represents 77 per cent of the total investment value

2017-04-03 00:37:19 - From the Print Edition

In terms of sources of capital, almost 70 per cent of the investment volume was concluded by investors located in Asia, Africa and the USA, with European investors covering the remaining 30 per cent. The largest transactions in terms of value were concluded as indirect investments in groups active on the local market - Growthpoint and GIC in Globalworth and P3 respectively.

"For the real estate market, 2016 was encouraging in terms of increasing liquidity," said Tim Wilkinson, partner, Capital Markets, DTZ Echinox. "The spectrum of investors who bought sizeable assets in Romania has widened, a trend we expect to continue in 2017. The yields are constant, which contributes to creating a stable and predictable environment for potential buyers."
South-African group Growthpoint invested 194 million Euro to become the largest shareholder of Globalworth Real Estate, controlling almost 27 per cent of the company′s issued share capital. GIC (Government of Singapore Investment Corporation) acquired P3 from TPG and Ivanhoe Cambridge, ultimately becoming the owner of the largest logistics park in Romania, P3 Bucharest, with a total GLA of more than 300,000 sqm.

Another new investor on the local market was PPF Real Estate. The Czech Group acquired Metropolis Center in Bucharest for approximately 48 million Euro. NEPI, the largest real estate company in Romania, concluded the largest transaction in the retail sector, by acquiring Shopping City Sibiu for 100 million Euro.

The most active segment was the office sector, according to DTZ. The estimated value of transactions of office properties was more than 375 million Euro, representing 44 per cent of the total investment value. The retail sector saw transactions worth 268 million Euro, representing 31 per cent of the total volume, with the remaining 25 per cent covered by logistics.

Compared to other investment destinations in the CEE region, Romania still has the most attractive yields. On average, prime yields in Bucharest are higher by 140 basis points (for office) and 180 basis points (for retail) than in the other main markets.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  5473 Views
Daily Info
The state of the economy is a reflection of public policy, says FIC

The Foreign Investors Council (FIC) considers that recent negative economic data which drew the attention of politicians are the result of legislation that was adopted without...

Banca Transilvania to sell 350 million Euro worth of bonds

Romanian lender Banca Transilvania wants to sell subordinated bonds worth 350 million Euro, with a 10-year maturity and a fixed or variable interest rate.

Romanians want more EU efforts for stability in economy and combat of corruption

Romanians want the European Union to put more efforts for the stability of the economy, the reduction of corruption, public policy and education, according to a survey by the ...

Office spaces are being adapted to millennials' requirements, says Colliers

One third of Central and Eastern European professionals (CEE) - Poland, the Czech Republic, Slovakia, Hungary, Romania, Bulgaria - believe their workplace will change over the...

Bucharest reached over one million employees this year, says C&W Echinox

The number of employees in Class A and B office buildings in Bucharest reached around 250,000 at the end of last year, while the total number of employees in the Capital excee...

 
 
   
advertising

advertising

advertising

advertising

More on News
ING Bank Romania to accelerate business development through digitization

Customers are increasingly interacting with the bank through its digital platforms and are making more card payments, according to a report issued by ING Bank Romania.

TransferGo: We will come to a point where money transfers will be dominated by app usage

Cash will become obsolete and this will be the result of digital finance advancement, Marius Nedelcu, Country Manager at TransferGo told The Diplomat-Bucharest.

CW Echinox: Green certifications now a standard on the Romanian real estate market

2017 was a well-performing year for Bucharest's office market, with many new occupiers and expansions, and the delivered projects were rapidly absorbed, leading to a signif...

Great potential comes with big challenges

The residential market in Romania registered new record investments in 2017, one of its best years so far - and analysts said the trend will continue for sure this year.

Globalworth: The number of green accredited buildings continues to grow every year

Romania today is one of the few economies in Europe that had a consistent expansion over the past six years, outpacing EU average growth, Dimitris Raptis, deputy CEO and Ch...

UniCredit announces updates in the Mobile Banking application

UniCredit Bank launches new facilities in the up-to-date version of its Mobile Banking application to provide customers with a simpler and faster user experience.

ESOP: We expect that the green building trend further grows

The Romanian market is one of the most dynamic in the region due to the accelerated development in IT&C, BPO, shared services industries, and to the expansion of research &...