about us | newsletter | contact | archive | members area
Christian Traunfellner, Immofinanz
There is an increasing need for high-quality office properties»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

Commercial property investments in Romania reached 530 million Euro in the first six months

In H1 2017, the total volume invested in commercial property in Romania reached 530 million Euro, compared to 370 million Euro during H1 2016, a 43 per cent increase, according to a report issued by C&W Echinox.

2017-08-22 10:17:42

Bucharest attracted 24 per cent from the total investment volume, office buildings being the most transacted assets. Outside Bucharest, investors were attracted mostly by retail and industrial properties.

The most active segment was the retail sector. The estimated value of transactions of retail properties was around 350 million Euro, representing 66 per cent of the total investment value. The office sector saw transactions worth 123 million Euro, representing 23 per cent of the total volume, with the remaining 11 per cent covered by logistics.

The largest transaction in terms of value was concluded by South African group Atterbury, which acquired a 50 per cent stake in Iulius Mall shopping centers located in Iasi, Suceava, Cluj Napoca and Timisoara and 50% from the office buildings Iulius Business Center Cluj, United Business Center Cluj and United BC II in Timisoara.

Tim Wilkinson, Partner, Capital Markets, C&W Echinox, said: "There is a clear positive shift in investor interest in real estate, especially since the beginning of 2017. This will bring additional liquidity to the market but will not have an impact on short-term yields, as investors are still very careful in the selection of target assets."

Globalworth and the Belgian group Mitiska-REIM were among the most active investors, with two transactions each. Globalworth acquired Dacia Logistic Center and Green Court C for 80 million Euro, while Mitiska consolidated their local position through the acquisition of the remaining 50 per cent stake of Intercora's portfolio and the acquisition of the retail properties owned by Alpha Property Development.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  5126 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.

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 &...

Immofinanz: Constant, visible shift towards energy efficiency on the local office sector

Romania's strong economic growth in 2017 placed the country in a leading position in the CEE region and the trend is expected be sustainable over the next years, Christian ...

Crosspoint: Currently, there is a relatively small number of green office buildings throughout Romania

2017 has been a good year for the office market all throughout the CEE region: low vacancy rates (Bucharest - nine per cent, Warsaw - 14 per cent, Budapest - 9.2 per cent, ...