The first half of 2022 closed with a total value of investment transactions worth 336 million euro in Romania, up by 13% compared to the first semester of 2021, according to Colliers market report for the first semester of 2022.
With a handful of large deals at various stages still ongoing, the year could end with a total volume closer to or even higher than 1 billion euro.
H1 biggest transaction saw S IMMO purchase Portland Trust’s EXPO Business Park, a newly developed office project in the northern part of Bucharest for over 110 million euro.
This is also the 5th nine figure transaction completed on the local market in the two and half years since the start of the pandemic.
Among other notable transactions, Alinso Group purchased the METAV Business Park, an in-city mixed scheme in Bucharest, but also the sale of Speedwell’s Record Park, an office project in Cluj-Napoca, to AYA Properties Fund for 35 million euro.
Offices remained the most active asset class, attracting deals worth 63% of total volume in H1 2022, retail generated 16% of the turnover and Industry & Logistic – 14%. Hotels round up the rear with the rest transactions up to 100%.