Retail and office regained market share compared to industrial
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 EUR 359 million, compared to EUR 107 million, registered in the same period of 2015.
“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”, says 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% of the total amount, while foreign investors continue to dominate the local market (NEPI, GTC), with local capital accounting for less than 1% of the total investment volume.
The report says top five investment transactions recorded during H1 2016 account for over 80% 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. About CBRE Group, Inc
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com