There is not enough liquidity on the Romanian market, even though the transactional volume last year nearly reached €1 billion. Some market players however estimate that this year it will exceed this value. “There was a good trend during the last few years in increasing liquidity and transactions. This year we’re expecting the transactional volume to exceed €1 billion,” Bogdan Gubandru, Business Development Manager at Cushman & Wakefield Echinox said during CEDER.
Up to 77% of the total investment volume was in Bucharest. By sectors, office buildings made up for 55% of the total, followed by retail (33%) and industrial (7%).
Razvan Iorgu, Managing Director CBRE Romania revealed that 23% of investment is Romanian, and that “Globalworth and NEPI are finally trying to focus on other markets, leaving room for other investors.”Dimitris Raptis, Chief Investment Officer at Globalworth, told the audience that the group reached a critical size on the Romanian market and it was looking to expand, “so Poland was the obvious choice. We are largely opportunistic and wherever we find an investment that makes sense for us and for the shareholders that we represent, we will pursue it in both markets. But we focus only on these two markets and we not looking to expand elsewhere,” he added.
