Preliminary results of the real estate investment volume in Romania for the first quarter are expected to hit €145m, more than 21 percent higher than a year earlier, according to JLL. Results were initially expected to exceed €400m thanks to two transactions, both of which did not end up closing in Q1.
The overall market volume in the first quarter was dominated by office transactions (around 54 percent), while the industrial market accounted for almost 31 percent of the total. The largest transaction recorded in the first quarter of 2020 was the acquisition of a 50-percent stake of the Renault Bucharest Connected project by Globalworth, which became the sole owner of the building.
