Real Estate: Transactions around EUR 1.2 billion are in various stages of negotiation

Since the beginning of the year the total investment volume reached over 600 million euros

Real estate investment transactions which amount to around 1.2 billion euros are currently in various stages of negotiation in Romania, according to Cushman & Wakefield Echinox data.

Since the beginning of the year, the total investment volume reached over 600 million euros, out of which 315 million euros represent the volume transacted in the first semester.

Further transactions of around 300 million euros were closed July and August, a period usually characterized by lower activity.

The most active segment in the first half of the year was the Office one with a 65% market share out of the total volume transacted, followed by the Retail (17%) and the Hospitality (6%) sectors.

The largest transaction in terms of volume was S Immo’s acquisition of Expo Business Park, a 41,500 sq. m GLA office project, from Portland Trust for an estimated price of more than EUR 110 million.

Moreover, Indotek continued its expansion on the local real estate market by acquiring two medium-sized office buildings in Bucharest.

In fact, most transactions pertained to assets located in Bucharest, the capital city having a robust share of 83% of the H1 2022 investment volume.

SEE ALSO: Almost 500,000 sq m of logistics spaces were leased in the first half of 2022

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