Aug 06, 2012
Finance
According to a report by CBRE, real estate investments made during Q1 dropped at a minimum of the last 7 years, with only two transactions that amount to a total €55 million. The two transactions targeted the Nokia Factory of Cluj, acquired by the electric household appliances producer De’Longhi, and the City Business Centre complex of Timişoara, acquired by the South-African investment fund NEPI.
Prime yields stabilized in Romania on the three markets – retail, office and industrial. In the office segment, the prime yield stabilized at 8 percent, based on investment offers on the local market, while in the retail and industrial sectors they held steady at 8.75 percent and 10.25 percent respectively.
