|Olympia Tower Bucharest|
Real estate investments in Romania totaled 402.4 million euro in the first semester of 2014 and reached a transacted area of 692,000 sqm, a 222% growth on the first half of last year and a 17% increase on the whole 2013, according to the most recent study performed by real estate consultancy firm CBRE.
A total number of 15 transactions were performed, the highest number after 2008, with a medium volume of 26.8 million euro, similar to last year. According to the study the diversity of the type and use of sold properties was higher. The buyer profile has also diversified.
|Hermes Business Campus Bucharest|
|Sky Tower Bucharest|
At the same time, property type varied from prime properties, such as Charles de Gaulle Plaza, to secondary properties, such as Auchan Pitești Găvana, or 'distressed' properties (Pic Pitești and Pic Oradea).
Prime yield for the office segment dropped from 8.25% to 8%. The rest of prime yields remained stable.
Prime rent was relatively stable — 60 euro/sqm/month for shopping centers, 18 euro/sqm/month for office spaces and 3.8 euro/sqm/month for industrial spaces.
CBRE also noticed an increase in land transactions in terms of number, value and type of sold properties.