www.business-review.eu Business Review | August 2021
8 REAL ESTATE
First semester sees dynamic M&A market, but fewer real estate transactions than last year The total value of transactions with commercial real estate assets in Romania reached EUR 298 million in the first half of 2021, a 23 percent decline compared to the same period of 2020, with the market primarily supported by the return of Austrian investors’ appetite for office buildings, according to the Romania Investment Marketbeat, launched by real estate consultancy Cushman & Wakefield Echinox. By Aurel Constantin
T
Romania still has some of the most attractive yields in the region
he three most important transactions
spaces, a sector in which CTP and Global-
tracted a new investor on the local market:
of the first semester were closed by
worth have expanded their portfolios by
Swiss company Visionapartments. The retail
Austrian investors, who expanded
acquiring buildings in the western part of the
sector was the least active in H1 2021, with
their presence on the Bucharest office market
country, while Swedish group Oresa Ventures
only individual commercial units included in
by acquiring the Campus 6.2 & 6.3 (S Immo),
purchased the Solo Parc project, the largest
transactions. In total, 24 income-generating
The Light One (Uniqa RE), and Bucharest
logistics park in Iasi. In total, the industrial
properties with an average value of EUR 12
Financial Plaza (Immofinanz) buildings.
and logistics segment attracted 24 percent of
million were transacted in the first semester.
The three transactions, with a total value
the capital.
of around EUR 189 million, represent a 63
The hotel sector recorded two transactions
“Market liquidity held impressively throughout the most difficult phases of the
percent share of the total volume transacted
in Bucharest, with a total value of around
pandemic in 2020 and it has also remained
in the first half of the year.
EUR 21 million (7 percent of the total), the
quite healthy in H1 2021, as Romania still
most important being the sale of the Ramada
has some of the most attractive yields in the
Majestic hotel on Calea Victoriei, which at-
region. Looking ahead, yields are forecasted
The next asset class preferred by investors was represented by industrial and logistics
