The volume of real estate investments in Romania exceeded the EUR 1 billion threshold in 2019, reaching about EUR 1.06 billion after a 7% annual advance compared to 2018, real estate consultancy company CBRE Romania estimates.
The performance reached in 2019 also marks a record of the last five years in terms of investment transactions on the Romanian real estate market. The office segment generated the largest volume of deals, accounting for almost 75% of the total transactions at national level.
“The appetite for office buildings in the capital city remains high and there are many opportunities, both in the well-established areas, such as CBD (Central Business District) and northern Bucharest, as well as in the dynamic areas, which are still under development, as is the city’s western part,” said Gijs Klomp, Head of Investment Properties, CBRE Romania.
The performance reached in 2019 also marks a record of the last five years in terms of investment transactions on the Romanian real estate market. The office segment generated the largest volume of deals, accounting for almost 75% of the total transactions at national level.
“The appetite for office buildings in the capital city remains high and there are many opportunities, both in the well-established areas, such as CBD (Central Business District) and northern Bucharest, as well as in the dynamic areas, which are still under development, as is the city’s western part,” said Gijs Klomp, Head of Investment Properties, CBRE Romania.
The biggest deal of 2019 was AFI Europe’s acquisition of a portfolio of 4 office buildings previously held by NEPI Rockcastle, for over EUR 300 mln.
source: ROMANIA INSIDER
