Romania’s commercial real estate investment volume ended 2020 with a volume of €588.5 million, half versus 2019 but similar with 2015.
Although 68% of the total investment volume was transacted during the first six months, the second half of the year witnessed the largest transaction of 2020, marking the entrance on the Romanian market of a new Chinese investor.
Fosun acquired Floreasca Park office building in Bucharest for €101.5 million thus reconfirming the attractiveness of the Bucharest office investment market.
Also in 2020, the biggest investment deal negotiated in 2019 was finalised when AFI Europe completed the transaction process with NEPI Rockcastle for three office buildings in Bucharest (Floreasca Business Park, The Lakeview, and Aviatorilor 8) and one in Timisoara (City Business Park) for an estimated total volume of €308 million.
2020 ended auspiciously for the office investment market as S IMMO, advised by CBRE, agreed the transactional terms for a forward purchase of the Campus 6.2 and 6.3 office buildings, for approximately €97 million.