The total investment volume registered in Romania in the first six months of 2015 has been slower than the pace over the past two semesters. CBRE found there had been a 78 percent decrease compared to H2 2014. Several major transactions were started at the end of 2014, but were concluded only at the beginning of 2015: Europolis Logistic Park (industrial), Green Court Bucharest Building A, Nusco Tower, UniCredit headquarters (all offices).
The industrial sector was the most active sector, with foreign investors continuing to dominate the local market, including a return to the market by CTP, and a debut for P3 and Lone Star. Other investors have been consolidating their businesses (Secure Property Development & Investment). Foreign capital accounted for more than 90 percent of the investment volume.
Prime yields decreased in all sectors: office (from 7.75% to 7.5%), shopping centers (from 8% to 7.75%) and industrial (from 9.25% to 8.75%).
With several deals now in due diligence, investment volumes are expected to increase by the end of the year writes CBRE.
