Real Estate & Commercial News in Romania from Propertyshowrooms.com

Real estate investment in Romania rises

Thu, 17 May 2012 00:00:00 GMT

The volume of money ploughed into Romanian commercial property increased significantly in the first quarter of 2012.

Property Magazine International reported on data published by DTZ Echinox, which revealed the €99 million (£78.9 million) invested in the country's real estate market between January and March represented a 189 per cent rise over the final three months of 2011.

Looking at real estate investment for last year, compared to 2010, the mixed-use and residential sectors made the biggest gains, with retail assets losing out.

According to DTZ, prime yields in the office, retail and industrial industries are stable, standing at eight, 8.5 and 10.5 per cent respectively.

Romanian real estate is a popular choice among alternative investors, US firm Alternative Asset Analysis recently claimed.

The organisation explained fluctuations in global economies are encouraging investors to turn away from equities and look elsewhere for opportunities, with property in Romania among the top options.

Property investment activity dips in Romania

Mon, 6 Feb 2012 00:00:00 GMT

There has been a decline in the level of investment flowing into the Romanian commercial property sector in 2011.

Head of valuations and consulting at DTZ Echinox Bogdan Sergentu explained the amount of money invested in Romanian real estate dropped by 13 per cent in 2011, compared to the previous year.

Bucharest was the main target for those seeking such assets in the country, with developments in the city accounting for six out of the 13 transactions completed last year.

Mr Sergentu added 69 per cent of the total investment volume for 2011 was spent on mixed-use developments, despite a greater number of deals being agreed in the retail sector.

However, it appears the new year has started well for the nation's commercial real estate sector, with Romania Business Insider reporting this week (February 2nd) that New Europe Property Investment - a South African-based fund - has purchased the City Business Center in Timisoara.

The complex comprises three office buildings, with two more premises still to be constructed.

Managing director for Jones Lang LaSalle in Romania Troy Javaher explained it is the "first major institutional office transaction outside Bucharest".

Romfelt Plaza adds to the skyline of East Bucharest

Mon, 4 Aug 2008 00:00:00 GMT

The Colentina/Doamna Ghica zone is recognized as a good area for large development projects – the constructors of Rose Garden and Planorama already exploited the potential of the area with their blocks of flats. No surprise therefore that, on the (still available) plots of empty land more projects are shaping up. The latest one of...

Peep Aaviksoo steps down from the board of IPC Investment Group

Mon, 14 Jul 2008 00:00:00 GMT

Estonian businessman Peep Aaviksoo has announced that he is leaving the board of IPC Investment Group that develops real estate and industrial interests in Romania...