Currently, the prime office spaces yield in Berlin is very low, at 3.85 pct., although the products of this type in German large cities, such as Frankfurt, still insure significant profits compared to those in London and Paris, according to data reported by JLL.
"Romania and Hungary are two markets offering quality products with extremely attractive yields for prime office spaces situated in the capital cities of the two countries. Therefore, the yield in Bucharest is 7.5 pct. and in Budapest is 6.75 pct., almost twice larger compared to those of the Western European countries", said Adrian Karczewicz, Head of Divestments CEE within Skanska Commercial Development Europe.
According to the company’s representative, the countries with such yields attract a growing number of global players which aim both profit as the diversification of their assets portfolios.
The investment volume registered on the real estate market in Romania in the first half of 2016 is estimated to EUR 340 million, 80 pct. bigger than the numbers registered in the same period of last year (EUR 187 million).
Almost 48 pct. of the total investment volume was registered in Bucharest, with the top fields of the transactions represented by retail, office and industrial spaces with 45%, 38% and 17%, respectively. Cushman & Wakefield announced that the commercial park Sibiu Shopping City in Sibiu was bought by Nepi from Argo group, for EUR 100 million, representing the largest unique real estate operation in the region in the second quarter.
Moreover, Romania has seen the arrival of new actors on the market, such as Logicor and the European industrial division of Blackstone, which bought the portfolio of Immofinanz. (source: zf.ro)