Latest News  

CBRE: Romanian CRE investments down 45%, CEE retail up 160% in 2015

Investment into Central and Eastern European (CEE) countries (excluding Russia) for 2015 reached a historic high level at over Euro 9.55 billion, representing a 19% increase year on year.

2016-01-11 14:41:41 - by Bogdan Tudorache

Czech Republic and Poland put in a particularly strong performance, recording investment volumes of EUR 2.7 bln and EUR 4 bln respectively, while Romanian commercial real estate (CRE) overall investments decreased by 45% to Euro 644 million.

Most of the CEE countries performed strongly in 2015, with strong growth in transaction volumes in the Czech Republic, Hungary, Poland and Serbia.

The high appetite for good retail products, evident from 2013 and 2014 translated into strong numbers in 2015. For the first time, retail accounts for 43% of the total investment volume for CEE. This y-o-y increase is substantial – over 160% and is based on a multitude of big-size investment deals done for prime, dominant shopping centers located in Czech Republic and Poland.

"This year we have seen strong investment into the region as investors from within Europe are looking to take advantage of relatively high yields and strength of available stock on the market.

In 2016 we expect this to continue as the stage is set for strong economic growth in the CEE, relatively high yields compared to Western Europe and increasing interest from banks to finance in the region. In addition, another major factor which will contribute to higher interest is the strong expansion seen in the retailers' reported sales across the region. We also expect to see an increasingly diverse investor profile as Asian investors aim to increase their presence within the area," says Gijs Klomp, Head of CEE Investment Properties.

Investment into core-CEE countries (Czech Republic, Hungary, Poland, Slovakia and Romania) reached Euro 8.4 billion in 2015, a 14% increase on 2014 numbers and well above the forecast numbers. Poland's stellar performance is a testament to the country's outstanding macro-economic growth and stability. For Czech Republic growth came on the back of two large investment deals signed in 2015.

Hungary's investment volume, up 42% y-o-y, is set to rise in 2016 as investors are showing increasing interest in making investments. Transactions could go towards the dominant retail sector, where retail turnovers have risen by double digits in some areas. The drop in investment volume for Romania should be seen in the context of an unusually strong 2014, driven mainly by one major one-off deal.

Excluding this effect, Romania's performance was robust and on par with expectations. Looking ahead, Romania and Slovakia are earmarked for success with increased interest being shown from investors. Larger deals are expected to be seen in Serbia, Croatia and Slovenia with investors looking to have a presence in these markets.


0 COMMENTS ^ Go back to Top
WRITE A COMMENT ^ Go back to Top
 
Your email address will not be published.
Nickname
Email
Comment
Validation Code
   
 
 
NEWS
ABSL Romania announces the 6th edition of the Annual Conference: Romania at the Forefront of Innovation. Entering the Gates of Tomorrow

On October 9th, at JW Marriott Bucharest Grand Hotel, ABSL will host the 6th Annual Conference, under the theme: "Romania at the Forefront of Innovation. Entering the Gates of Tomorrow".

 Read Full article »
SAP becomes first European tech company to create ethics Advisory Panel for Artificial Intelligence

SAP announced its guiding principles for artificial intelligence (AI) and its creation of an external AI ethics advisory panel – the first European technology company to do so. The panel, comprised of experts

 Read Full article »
DB Global Technology marks five years of activity in Romania

DB Global Technology, Deutsche Bank's technology center in Bucharest, celebrates five years of activity in Romania, the company announced.

 Read Full article »
US giant Apple officially registers company in Romania

American technology producer Apple officially registered a company in Romania, Apple Sales Romania SRL, controlled by Apple Distribution International and Apple Sales, both companies being registered in Ireland

 Read Full article »
Oracle Corporation registers 9.2 billion USD in revenues for 2019's first quarter

Oracle Corporation announced fiscal 2019 Q1 results, with total revenues of 9.2 billion USD, up 1 per cent in U.S. dollars and up 2 per cent in constant currency, compared to Q1 last year.

 Read Full article »
UiPath raises 225 million USD Series C Led by CapitalG and Sequoia

UiPath, the leading Enterprise Robotic Process Automation (RPA) software company, has closed its series C funding raising 225 million USD at a valuation of 3 billion USD. The round was co-led by existing inves

 Read Full article »
Xerox launched sales and marketing program for its partners

Xerox has launched in Romania the Xerox Global Partner Program to help its partners diversify their sources of profit and strengthen their customer relationships in the context of the growth of small and medium

 Read Full article »
Local IT services and software market marks under expectations growth in 2017, ANIS says

Domestic software and IT services market in 2017 rose only 2.1 per cent over the previous year to reach 975 million Euro, a growth rate under expectations, according to the most recent study conducted by ANIS s

 Read Full article »
Bitdefender secured direct presence in Australia by taking over local peer SMS eTech

Romanian security technology company Bitdefender said on September 11 it has acquired Australian peer SMS eTech, as part of its strategy of globally expanding in the consumer and enterprise segments.

 Read Full article »
Romanian employers forecast the strongest hiring pace in more than ten years

Fourth-quarter hiring plans are the most optimistic in Europe, on a par with Slovenia, and among the top 5 most optimistic globally, according to ManpowerGroup Employment Outlook Survey for the October – Dece

 Read Full article »
 
 
MOST READ ARTICLES
» ROMANIAN OUTSOURCING AWARDS FOR EXCELL...
» Molson Coors started to grow its busin...
» French energy operator Total opened su...
» Capgemini to open new office at Suceav...
» Leoni to open new SSC in Cluj, cut job...
» The Outsourcing industry announces its...
» Luxoft expands Asia Pacific presence w...
» Genpact's COO: Staying ahead of the cu...
» Olga Botusan, Stefanini: There is a hu...
» LeasePlan to open service center in Bu...
 
EDITOR CHOICE
George Didoiu from Colliers International, at People in Shared Services & Outsourcing Forum on October 18, at Bucharest

A workplace passionate with over 13 years of experience in real estate, George Didoiu, accepted our invitation to tackle subjects like rising expectations of employees, offices as recruiting and retention tools

 Read Full article »
Vivek Bakshi, keynote speaker at People in Shared Services & Outsourcing Forum on October 18, at Bucharest

As a GM for the European Delivery Centers (Romania and Poland international locations) tasked with leading the growth and profitability of one of the most dynamic industries with a focus on customer service is

 Read Full article »
Tom Hobson, at People in Shared Services & Outsourcing Forum on October 18, at Bucharest

People in Shared Services & Outsourcing Forum brings in new top speakers starting with the Global Operations & Business Transformation Executive Tom Hobson, GM of ADP Romania.

 Read Full article »
People in Shared Services and Outsourcing Forum takes place on October 18th in Bucharest

Outsourcing Today, the integrated communication platform of for the business services sector, together with The Diplomat-Bucharest, kick off the autumn series of events on October 18, at Caro Hotel Bucharest, w

 Read Full article »
The outsourcing industry needs early and better educated graduates

In terms of development of business shared industry in Romania, the industry might face a need of doubling the current pool of employees, estimated now at roughly over 120.000 people, according to number estima

 Read Full article »
Latest News  
 
about us | newsletter | contact | members area | GDPR policy
Copyright © 2015 by Diplomat Media Events Design by Diplomat Media Events