Last year in Romania 15 deals were signed for 30 income generating real estate asset, with an average transaction value of EUR 23 million.
The most important contracts of the year include City Park Mall, The Lakeview, Mega Mall Bucuresti, Deva Shopping Center, Vulcan Value Center, Severin Shopping Center – all transactions made by NEPI, the acquisitions made by Globalworth Real Estate Investment Limited (Timisoara Airport Park), Galleria Suceava, Hotel Continental Cluj-Napoca and the acquisition of Bucuresti store.
The investments growth came on the background of the macro-economic growth. Therefore, the economic performances obtained in 2013 exceeded the predictions of the beginning of the yar: GDB growth by 3.5%, with 2.3% estimation for 2014, a historical record for exports (exceeding EUR 50 billion) and the industrial production growth of 7.8%.
The most transacted assets in 2013 were the retail, with 73% of the volume, followed by the office buildings with 21% and industrial facilities with 5%.
The ascendant trend begins to show on the real estate market in CEE, where the investment volume registered exceeded EUR 10 billion in 2013, one of the best results since 2008, according to CBRE.
The positive evolutions in the CEE real estate market will also be presented to the international investors by the top management of CBRE Romania during MIPIM fair, taking place between March 11th and March 14th in Cannes, France. (source: dailybusiness.ro)