Analysts believe the perspectives are promising because Yields (the benefit generated by an investment) for first-class offices in Romania are 7.5%, compared with 5.5% in Poland and 4.85% in the Czech Republic.
Investors focused on the retail and industrial sectors, with record trades of between 40 and 100 million Euros, coming from South Africa, China, Belgium, while Globalworth, the largest investor on the Romanian market, is diversifying its portfolio industrial properties.
The largest transaction on the office market in the first quarter was the purchase of the Polona 68 building by Smartown Investments in a transaction worth more than 15 million Euros. In the second quarter, the ArtGroup Business Center was bought by the Maltese group Hili Properties in a deal of 30 million Euros, according to a market survey by the Savills real estate consultancy company.
"We expect more attractive products to be purchased over the next 24 months as there will be a steady increase in the stock of office space (headed by Portland Trust, Skanska, Globalworth and Austrian owners) and rental (Amazon, IBM, Bitdefender). Significant transactions in the first half of 2017 have shown investor confidence in the industrial real estate market and in the country's economy in general", says Codrin Matei, partner and director of the Crosspoint Real Estate business and investment departments, working in partnership with Savills. (source: profit.ro)
