Comprehensive and up-to-date news, information and analysis on the commercial real estate markets and related industries covering Central, Southern and Eastern Europe.
Real estate investment in Romania drops to its lowest level in the last 7 years
Aug 06, 2012
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.