Romania, third in the region for value of real estate deals

Romania ranks third in Central and Eastern Europe for the value of real estate transactions in the first nine months of 2015, with transactions totaling EUR 600 million. The total real estate deals in the region reached EUR 2.8 billion in the third quarter of the year and EUR 5.5 billion in the first nine months, up by 22% year-on-year, according to a report by real estate consultancy firm JLL. The Czech Republic ranked first with a market share of 43% of the total transactions, followed by Poland (28%), Romania (11%), and Hungary (10%). In 2014, Romania’s real estate deals amounted to EUR 1.15 billion, which was a record of the last years. The volume was influenced by two big transactions, French group Auchan’s takeover of several shopping galleries, for EUR 260-280 million, and Globalworth’s acquisition of the stakes owned by German fund RREEF in several projects for EUR 200 million. This year, some of the biggest transactions in Romania were recorded in the logistics sectors, totaling about EUR 260 million. editor@romania-insider.com