Transactions totaling EUR 300 million closed in H1 2021 in Romania

The total value of transactions with commercial real estate assets in Romania reached 298 million euros in the first half of 2021, according Cushman & Wakefield Echinox.

It is a 23% decrease compared to the same period of last year, the market being supported primarily by the return of the Austrian investors’ appetite for office buildings.

Thus, the three most important transactions in the first semester were signed by Austrian investors who expanded their presence on the Bucharest office market.

They acquired the Campus 6.2 & 6.3 (S Immo), The Light One (Uniqa RE) and Bucharest Financial Plaza (Immofinanz) buildings.

This transactions, with a total value of around 189 million euros, represent a 63% share of the total volume transacted in the first half of the year.

The next asset class preferred by investors is represented by industrial and logistics spaces, a sector in which CTP and Globalworth have expanded their portfolios by acquiring buildings in the Western part of the country.

Swedish group Oresa Ventures purchased the Solo Parc project, the largest logistic park in Iasi. In total, the industrial and logistics segment attracted 24% of the capital.

The hotel sector recorded two transactions in Bucharest with a total value of around 21 million euros (7%), the most important being the sale of the Ramada Majestic hotel.

The retail sector was the least active in H1 2021, with only individual commercial units being part of transactions. In total, 24 income-generating properties with an average value of 12 million euros were transacted in the first semester.

AssetSegmentBuyerVendorSize (sq m)Price (mil. €)City
Campus 6.2 & 6.3OfficeS ImmoSkanska38,00097Bucharest
The Light OneOfficeUniqa RERiver Development22,00056Bucharest
Bucharest Financial PlazaOfficeImmofinanzBCR Erste26,00036Bucharest
Industrial Portfolio   IndustrialCTPCatalyst Capital40,00023Timişoara, Arad, Caransebeş
Industrial Park West Arad & Oradea IndustrialGlobalworthGlobal Vision27,00018Arad, Oradea
Ramada MajesticHospitalityVisionapartmentsMajestic Tourism111 rooms14Bucharest
Solo Parc IndustrialOresa VenturesTester Grup24,00014Iaşi
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