Romania records one of the highest levels of real estate investment for H1 2016
Investments in Romanian real estate sector for the first half of 2016 is at the highest level for the last 5 years, according to the last CBRE Romania report on investment market, issued this week. Thus, the total investment volume for HI 2016 was over €359 million, compared to €107 million, registered in the same period of 2015.
“Several sizeable 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,” said Robert Paulson, Head of Investment Properties, CBRE Romania.
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 €100 million.