about us | newsletter | contact | archive | members area
Marius Vacaroiu, Policolor
Tax changes have made us elaborate more budget impact assessments this year»
  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  |  5382 Views
Daily Info
Banca Transilvania has become a shareholder of Victoriabank

Banca Transilvania has become a shareholder of Victoriabank, the third largest bank in the Republic of Moldova, with a total participation of over 66 per cent alongside the Eu...

Rezidor to open a new Radisson Blu to open in Timisoara

The Rezidor Hotel Group announced the signing of the Radisson Blu Hotel, Timisoara. This takes the group’s portfolio in Romania to four hotels, with two in operation and two...

Mihai Tudose announces his resignation as prime minister

Mihai Tudose announced on Monday evening, at the end of the Social Democrat Party (PSD) National Executive Committee (CExN) meeting, that he resigns as prime minister of Roman...

Garanti Bank expects a four per cent GDP growth rate in 2018

Garanti Bank estimates that the growth rate of the gross domestic product (GDP) could reduce speed in 2018, to four per cent, from 6.5 per cent in 2017, mainly due to a slower...

Contract for the purchase of 227 Piranha V armored personnel carriers, signed in presence of PM Tudose

The contract for the purchase of 227 Piranha V armored personnel carriers was signed on Friday in the presence of Prime Minister Mihai Tudose, Deputy Prime Minister Marcel Cio...

 
 
   
advertising

advertising

advertising

advertising

advertising

More on News
Iohannis: Justice independence, public positions' integrity are constitutional values not to be negotiated

Promoting the rule of law and Justice independence, fighting against corruption, ensuring integrity in public positions and dignities are constitutional values that cannot ...

Contract for the purchase of 227 Piranha V armored personnel carriers, signed in presence of PM Tudose

The contract for the purchase of 227 Piranha V armored personnel carriers was signed on Friday in the presence of Prime Minister Mihai Tudose, Deputy Prime Minister Marcel ...

Mihai Tudose announces his resignation as prime minister

Mihai Tudose announced on Monday evening, at the end of the Social Democrat Party (PSD) National Executive Committee (CExN) meeting, that he resigns as prime minister of Ro...

Ministry of Public Finances set to issue Euro-bonds worth 8 billion Euro in the next two years

The Ministry of Public Finances (MFP) contemplates issuing Euro-bonds worth approximately 8 billion Euro (equivalent) over 2018-2019, in the context of the implementation o...

Garanti Bank expects a four per cent GDP growth rate in 2018

Garanti Bank estimates that the growth rate of the gross domestic product (GDP) could reduce speed in 2018, to four per cent, from 6.5 per cent in 2017, mainly due to a slo...

Garanti Leasing signs a loan agreement for 15 million Euro with EFSE

Garanti Leasing, part of Garanti Romania, has signed a loan agreement of 15 million Euro with the European Fund for Southeast Europe (EFSE). The facility is meant to increa...

EIB supports the modernisation of infrastructure in Oradea

The European Investment Bank (EIB) is lending 21 million Euro to the Municipality of Oradea to finance improvements to its urban infrastructure. EIB funds will also support...