Five investors bought EUR 0.5 bln properties in Romania last year

Five investors bought properties worth over EUR 500 million out of a total of EUR 650 million deals recorded in the Romanian real estate market last year. The five investors were CTP, GLL, P3, NEPI, and Globalworth, according to real estate consultant JLL. Czech-Dutch real estate developer CTP, German real estate fund GLL, and Czech group P3 saw the highest investment volumes last year. CTP was the most active investor last year. It acquired six industrial properties in Romania that totaled over EUR 130 million. GLL bought the Floreasca Park and Victoria Center office properties for almost EUR 130 million. Czech fund P3 made the biggest deal last year by acquiring the Europolis Park (P3 Bucharest), the biggest logistic park in Romania, from Austrian group CA Immo for an estimated EUR 120 million. South-African fund NEPI and Globalworth Real Estate, the most active investors in 2013 and 2014, had one deal each in 2015. The market will see new investors this year too, said Silviana Badea, Head of Capital Markets, Associate Director, JLL Romania. The real estate consultancy firm says it has several deals in the pipeline that may be concluded in the following months. editor@romania-insider.com