The property investment volume in Romania, at EUR 309 million in H1 2021

The property investment volume for Romania in H1 2021 is estimated at circa €309 million, a value almost 22% lower than the one registered in the same period in 2020, JLL reports.

Compared to last year, the number of transactions increased, with the average deal size decreasing to €21 million.

Bucharest continues to be the preferred investment destination in Romania and accounted for around 69% of the total transaction volume, followed by Timisoara, Iasi and Oradea.

The investment volumes were dominated by office transactions, with close to 64% of the total, followed by industrial (24%), hotels (9%) and retail (3%).

The largest transaction registered in H1 2021 was the sale of the Campus 6.2 & 6.3 buildings, in the Center-West submarket of Bucharest,  

The two interconnected assets, with a total of 38,000 sqm GLA, were acquired by S-Immo, from Skanska, for approximately €97 million.

The largest industrial transaction concluded in the same time span was the acquisition of the Catalyst industrial portfolio, consisting of 4 assets in Timisoara, Arad and Caransebes.

The properties were bought by CTP, the largest player on the Romanian market, from the British group Catalyst Capital.

The only significant retail transaction concluded in H1 2021 was the sale of a small, big box portfolio across several tertiary cities in Romania. The properties were bought by Praktiker Real Estate and Lidl from Portico Invesment.

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