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| Olympia Tower Bucharest |
Real estate
investments in Romania totaled 402.4 million euro in the first semester of 2014
and reached a transacted area of 692,000 sqm, a 222% growth on the first half
of last year and a 17% increase on the whole 2013, according to the most recent
study performed by real estate consultancy firm CBRE.
A total number of 15 transactions were performed, the
highest number after 2008, with a medium volume of 26.8 million euro, similar
to last year. According to the study the diversity of the type and use of sold
properties was higher. The buyer profile has also diversified.
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| Hermes Business Campus Bucharest |
The transaction profile in terms of use was quite diverse.
The office segment accounted for 58%
of the total volume of transactions. In terms of property type, prime properties generated 55% of the
total volume. In terms of buyer typology developers and real estate funds were the
most active: Globalworth generated 54%
of the transaction volume.
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| Sky Tower Bucharest |
At the same time, property type varied from prime
properties, such as Charles de Gaulle Plaza, to secondary properties, such as Auchan Pitești Găvana, or 'distressed' properties (Pic Pitești
and Pic Oradea).
Prime yield for the office segment dropped from 8.25% to 8%.
The rest of prime yields remained stable.
Prime rent was relatively stable — 60 euro/sqm/month for
shopping centers, 18 euro/sqm/month for office spaces and 3.8 euro/sqm/month
for industrial spaces.
CBRE also noticed an increase in land transactions in terms of
number, value and type of sold properties.
