After an active start in the office investment sector with the purchase by NEPI of The Lakeview in Bucharest in 2013 the market relied once more exclusively on the retail sector to reach an investment volume in Romania of approximately 250 million Euro, excluding pan European transactions. Currently, the investment market features a wide range of possibilities for potential investors, including core assets and value add properties, as well as distressed projects. The increased activity in the Retail Investment Market does indicate the increasing trust into Romania’s improving macro-economic indicators. It is likely that, in parallel with a slowly improving debt market, investors appetite for other investment segments will also improve. 2014 will probably see more investors preparing for a market entry and a healthier market equilibrium. With yields moving out in the past two years, the spread between Romanian properties and CEE countries become more attractive.
