Latest News  

CBRE: CEE real estate investments up 25%, Bucharest and Warsaw at record levels

Investment into Central and Eastern European (CEE) countries (excluding Russia) for 2015 increased by 25% compared to 2014, reaching 9.9 billion euro, says a CBRE report.

2016-02-11 16:02:17 - by Bogdan Tudorache

While outlook for 2016 is positive, a potential deterrent to the substantial growth in investment volume might be the scarcity of attractive products available for transactions. As a consequence, office development in Warsaw and Bucharest is at record levels, making use of investors' and occupiers' interest in the markets.

"The strong investment volumes within the region are a result of US and German investors 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, with relatively high yields compared to Western Europe and increasing interest from banks to finance in the region.

"In addition, the strong expansion seen in the retailers' reported sales across the region will continue to keep retail investors interested. We also expect to see an increasingly diverse investor profile as Asian investors begin to increase their presence within the area," says Gijs Klomp, head of CEE Investment Properties.

While year on year increases were expected, the overall performance exceeds forecasts and paints a picture of a solid rebound within all CEE countries.

Foreign investors continued to dominate the region, with US funds making large portfolio aquisitions, with an average volume size of 160 million euro.

The US accounted for 30% of investment into the region in 2015, compared to 23% in 2014, with US funds making investments in all core-CEE countries, as well as Latvia.

The re-entry of core funds like Morgan Stanley and Goldman Sachs indicate increasing investor confidence in CEE. Germany was the second largest investor, accounting for 23% of all investment into the region last year, an increase from 12% in 2014. Germany's presence can be attributed in part to the activity of Union Investment, who were the largest investor in the region in 2015.

The high levels of investment in 2015 did impact yields pushing them down. Cross-regional disparities in terms of pricing need to be assesed – while certain markets and sectors have almost reached the yields from the previous peak economic cycle (most notably Czech Republic and Poland), other countries have yet to reach their potential. As investment transactions for prime properties do not show any signs of slowing down, CBRE believes some markets may even see yields moving into a new territory, beyond those from 2007.


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
Four companies represent Romania in Deloitte 2017 Technology Fast 500TM EMEA rankings

Trencadis, Tremend, APSISWARE and Qualitance represent Romania in this year's Deloitte's Technology Fast 500 rankings for Europe, the Middle East, and Africa (EMEA).

 Read Full article »
ABB opens the first robotics training centre in Romania

Industrial robotics giant ABB has opened what is said to be the "first-ever" robotics centre in Romania,a public-private partnership between ABB and the Polytechnic University in Bucharest.

 Read Full article »
Romania's IT industry could grow at an annual pace of 9 percent until 2025

Romania's IT industry could grow at an annual pace of 9 percent until 2025 and cooperation among the relevant entities is the key to the future, president of the Smart Alliance cluster Gabriel Munteanu told t

 Read Full article »
Vitruvian Partners investment fund has purchased 30pct of Bitdefender from Axxess Capital

The Vitruvian Partners investment fund has purchased 30pct of Bitdefender from Axxess Capital, thus becoming the second biggest shareholder of the company evaluated at over USD 600 million, the software produc

 Read Full article »
Accenture pledges thousands of hours to bring coding to students

Accenture employees across 56 countries have pledged to complete more than 10,000 Hours of Code and lead coding tutorial sessions around the world during Computer Science Education Week, Dec. 4-10, as part of t

 Read Full article »
CTP was nominated in four categories at the CIJ Awards Gala 2017

CTP, the leading premium industrial parks developer and long-term manager in Romania and Central and Eastern Europe, was nominated in four categories at the tenth edition of CIJ Awards Gala, which will take pla

 Read Full article »
How does leadership look today?

This summer, Outsourcing Today organized LEARNING & DEVELOPMENT Roundtable at InterContinental Hotel in Bucharest. The event brought together the business services professionals to discuss and discover new tool

 Read Full article »
Ericsson names new Romania country manager

Swedish telecom equipment maker Ericsson named Dragos Mircea Rebegea as new country manager for Romania.

 Read Full article »
Workplace – Building new approaches

The real estate market in Romania is living the wobbly times, in consonance with everything that is happening in Romania. The growing Euro rate and the instability and unpredictable times make of Romanian consu

 Read Full article »
Embracing limitless learning

The growth of any business relies on the development of its own people that consists it. That is no wonder that, in an industry such as outsourcing and IT that learns together with its shareholders how to adjus

 Read Full article »
 
 
MOST READ ARTICLES
» Committed to growth
» TELUS International: How customer serv...
» Stay updated on People in Shared Serv...
» Genpact to hire more than 10,000 peopl...
» Luxoft expands Asia Pacific presence w...
» Romanian real estate investments up 80...
» Exclusive OT: Iasi business services e...
» IBM leases 18.000 sqm in Forte Partner...
» Leoni to open new SSC in Cluj, cut job...
» TELUS International Europe: How Millen...
 
EDITOR CHOICE
TELUS International: How customer service significantly improves with diversity in the workplace

Discover how cultivating a diverse workforce helps companies enhance their brand, attract top talent and deliver exceptional customer service

 Read Full article »
Committed to growth

In the current swelling race of reaching the perfect algorithm for growth, companies operating various outsourcing services in Romania all relate to the main key drivers for business development in which people

 Read Full article »
Shifting the workplace perspective towards high-end added value

This month, OUTSOURCING TODAY organized The Workplace of the future in IT and Outsourcing at Caro Hotel Bucharest, a new concept event meant to connect fast-growing corporate tenants from IT and outsourcing ind

 Read Full article »
Andrei Romanescu, Managing Director of Veeam Romania: Outsourcing sector, a decade evolution

Since the early 2000s, this sector has grown at a significant rate (about 20-30% per year). The industry has evolved from focusing on cost and labour arbitrage to adding value – therefore the growth is not so

 Read Full article »
TELUS International Europe: Discover how successful smart-home providers deliver exceptional customer service

Key Takeaways

• Internet of Things (IoT) connected home devices are making the contact center and customer service more important than ever. • A friendly approach and positive attitude are import

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