Investments in Romanian real estate sector for the first half of 2016 reached at EUR 359 million, three times higher compared to the same period last year, when there were only EUR 107 million invested, according to the last CBRE Romania report on investment market, issued this week, a press release informs.
The quoted document notes that this is at the highest level for the last 6 years.
“Several sizable on-going transactions entail that 2016 has the potential to exceed 2015 volumes while the pipeline of anticipated disposal processes indicates a continued rise in investment volumes over the coming 18 months”, Robert Paulson, Head of Investment Properties, CBRE Romania says.
CBRE report on investment market also highlights that retail and office assets properties were the most transacted, meaning 88 percent of the total amount, while foreign investors continue to dominate the local market (NEPI, GTC), with local capital accounting for less than 1 percent of the total investment volume.
The report says top five investment transactions recorded during H1 2016 account for over 80 percent of the total investment volume, the assets being located both in Bucharest and in the province, one of the largest single asset transactions in the last years outside Bucharest being recorded in June – Shopping City Sibiu – worth of EUR 100 million.