ZRP
Tuca Zbarcea & Asociatii

With real estate transactions of 386 million euros in the H1 2018, romanian market was more active than those of Hungary and Slovakia

09 August 2018   |   BizLawyer

In terms of location, 93% of the investment volume was generated by property transactions in Bucharest, with a number of transactions being also recorded in regional cities such as Cluj-Napoca and Brasov.

 
 
The investment volume in the first half of 2018 amounted to approximately 386 million euros, down 27% from the same period of the previous year, when the investment market reached a value of 530 million euros, according to Cushman & Wakefield Echinox calculations and estimates. This decline comes amid a substantial number of transactions that had not been fully completed by June 30, while their eventual closure in the second half of the year will push the market to a level of transactions comparable to that achieved in 2017, of almost 1 billion euros.

At Central and Eastern Europe (CEE) level, the local market attracted 7.6% of the total investment volume of 5.1 billion euros recorded in 5 countries: Poland, the Czech Republic, Slovakia, Hungary and Romania. The first place was occupied by Poland (3.2 billion euros, with a share of 64.1%), with the Czech Republic standing at 910 million (18%). Romania ranked third in CEE, with a higher market share than Hungary (7%) and Slovakia (3.3%).


At the local level, the most active sector was the office one with a share of 66% of the total volume, followed by the retail sector (29%), while the contribution of the hospitality and industrial sectors was low (3% and 1% respectively).

In terms of location, 93% of the investment volume was generated by property transactions in Bucharest, with a number of transactions being also recorded in regional cities such as Cluj-Napoca and Brasov.

Tim Wilkinson, Partner, Capital Markets, C&W Echinox: “Following a long period during which new investors have monitored and considered investing in Romania, by analyzing possible investments opportunities, the last months of 2017 and the first half of 2018 saw evidence of this new capital transacting. This trend will continue during the second half of the year, with more news of newcomers to the Romanian market set to be announced in the months ahead. As yields continue to drop in the more developed markets of CEE, Romania will see a natural tendency for investors to look more towards East for higher returns, under the conditions of an acceptable market risk. In this context, Romania represents an attractive solution. Investment volumes are important, but we consider that, on the long run, the diversity of investors entering the market will be even more important.”

The largest transaction in terms of value was completed by Lion's Head Investments, a joint venture between Old Mutual and AG Capital South Africa, which acquired Oregon Park with surface of 70,000 square meters GLA in the Barbu Vacarescu – Floreasca area. This transaction represents a new record for the local market, being the largest one in the office sector, as well as the first concluded by Old Mutual in Romania, consolidating the position of South African investors on the local real estate market.

Moreover, the sale of The Bridge project in the Orhideea area has recently been announced, a transaction that once completed will set a new price benchmark.

CA Immo also acquired the Skanska Campus 6.1 office building for 53 million euros, the first transaction made by CA Immo in Romania after almost 10 years.

In regards to retail, the most relevant transaction was the acquisition of Militari Shopping Park in Bucharest by another group of South African investors - Prime Capital and MAS Real Estate for 95 million euros.
Cushman & Wakefield Echinox is a top real estate consulting firm on the local market, active on real estate market sectors. The firm’s Capital Markets department was involved in Romanian real estate transactions of over 300 million euros in 2017.

 
 

PNSA

 
 

ARTICOLE PE ACEEASI TEMA

ARTICOLE DE ACELASI AUTOR


 

Ascunde Reclama
 
 

POSTEAZA UN COMENTARIU


Nume *
Email (nu va fi publicat) *
Comentariu *
Cod de securitate*







* campuri obligatorii


Articol 197 / 2240
 

Ascunde Reclama
 
BREAKING NEWS
ESENTIAL
LegiTeam: RTPR Allen & Overy looking for an employment lawyer
Clifford Chance Badea a asistat grupul german REWE | DerTour în legătură cu preluarea diviziei de turism a Eurolines.Echipa multidisciplinară de avocați a fost coordonată de Nadia Badea și Loredana Ralea
Reff & Asociații își extinde echipa de litigii prin recrutarea avocaților Mihnea Galgoțiu-Săraru și Ana Pantilică
Avocații din cadrul D&B David și Baias văd un interes crescut pentru sectorul logistic și industrial, în perioada următoare. Georgiana Bălan, Head of Real Estate: Suntem implicați în patru proiecte distincte pentru construirea de fabrici în provincie și în apropierea Bucureștiului
Directiva europeană privind drepturile acționarilor trebuia transpusă în legislația românească până la jumătatea lunii iunie 2019 | Narcisa Oprea, Partener Schoenherr: Chiar dacă directiva nu a fost transpusă încă, existând doar un proiect de lege în acest sens, clienții noștri se pregătesc din vreme pentru conformare, dată fiind anvergura schimbărilor
PNSA și NNDKP, consultanți într-o finanțare de 324 mil. € acordată de un sindicat bancar grupului Ameropa. Ce echipe de avocați au lucrat în proiect
LafargeHolcim preia producătorul de prefabricate Somaco de la Oresa. Avocații PNSA au asistat fondul de investiții, Filip & Company a fost alături de cumpărător
CMS a asistat fondul de private equity Innova în preluarea unuia dintre cei mai puternici jucători români din piața de optică medicală. Vânzătorii, asistați de avocații PNSA | Ce echipe au lucrat în tranzacție
GDPR, după primul an | Intensificarea acțiunilor de conformare a generat un plus de activitate în domeniul consultanței juridice. Mădălina Constantin, Managing Counsel Dentons: Suntem abia la începutul provocărilor juridice ce țin de conformarea cu cerințele GDPR
Legal Tech: Bohâlțeanu & Asociații alege KeyVisionPRO
Confiscările la vamă ale sumelor ce depășesc 10.000 euro, sub lupa CJUE. Demersurile, inițiate de Țuca Zbârcea & Asociații
Mușat & Asociații obține, la ÎCCJ, soluții favorabile pentru SIF Transilvania în două litigii cu ASF. Colaborare cu avocații ”Schiau, Prescure, Teodorescu, Crișan” din Brașov
 
Citeste pe SeeNews Digital Network
  • BizBanker

  • BizLeader

      in curand...
  • SeeNews

    in curand...