The Romanian investment market recorded transactions of over 1.25 billion euros last year, well above the 890 million euros result in 2021, ticking the highest value since 2007, according to a Colliers report.
Offices continued to dominate in terms of transactions last year, with a share of 63% in the total volume of investments, followed by the retail sector which also generated a big part of activity (25% of total).
The year’s biggest deal was the sale of CA Immo’s 165,000 square meters office portfolio, which was purchased by the owners of the Romanian DIY chain Dedeman, for 377 million euros. The second biggest deal saw MAS REI buy out their JV partner’s stakes in a variety of newly-built retail parks throughout Romania, estimated at around 190 million euros.
2022’s third largest deal saw S IMMO purchase Portland Trust’s Expo Business Park, a new office project delivered in the Piata Presei/Expozitiei submarket, for around 115 million euros.
Another interesting benchmark deal also involved a new property – the first phase of the Forte-developed office project named U-Center – which exchanged hands for somewhere below 90 million euros.
Prime yield levels for retail and industrial remained at 6.75% and 7.5%, respectively, while in the case of office, the yield on prime properties increased by 25 basis points to 6.75%.
