Real estate investments at 540 million euro in the first nine months of 2021

The total value of real estate transactions surpassed EUR 540 million in Romania in the first nine months of 2021, according to Colliers.

The overall investment market decreased compared to the 820 million euro real estate investments closed in the same period of 2020.

Atenor’s sale of Hermes Business Campus (75,000 square meters) to Hungarian fund Adventum for 150 million euro marked the biggest deal of the quarter.

It was also notable for being the biggest single asset deal since the sale of the Radisson Blu hotel in 2017.

Also, CTP purchased a 110,000 square meters warehousing portfolio located in several towns from Zacaria for 60 million euro.

South African REIT Fortress marked its entry into the local logistics market by purchasing the newly developed ELI Park 1 near Bucharest in a deal of 30 million euro.

At the Central and Eastern Europe (CEE) level, 2021 year-end volumes will accelerate to reach similar levels to 2020, of around 10 billion euro.

Preliminary EMEA volumes are estimated to be down 32% year on year in the first 9 months of the year, a similar decline to the one seen in Romania.

Core locations in capital cities remain the key investor focus in Europe’s largest economies, particularly in the office sector, but second-tier cities are also attracting attention.

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