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Research from real estate giant CB Richard Ellis has shown that investment in Romanian-based commercial property projects exceeded 343 million euros in 2013, rising by over 100 percent from 2012. As many as 15 sale agreements were completed in Romania in 2013 leading to 30 revenue-generating real estate projects with an average value of 23 million euros.


Some of the most important deals last year were those for City Park Mall, The Lakeview, Mega Mall Bucharest, Deva Shopping Centre, Vulcan Value Centre, Severin Shopping Centre, all of which were undertaken by New Europe Property Investments – NEPI. Acquisitions were undertaken by Globalworth Real Estate Investment Limited at Timisoara Airport Park, the Galleria Suceava transaction, the Continental Hotel in Cluj Napoca (central Romania) and the acquisition of the Bucuresti store.

Speaking at the MIPIM international real estate fair that took place in Cannes recently, CBRE Romania senior management not only reinforced the growth that was taking place in Romania but also drew investors’ attention to the upward trend for the real estate market of Central and Eastern Europe, that saw aggregate investments in excess of 10 billion euros in 2013, one of the best results since 2008.

Research from real estate giant CB Richard Ellis has shown that investment in Romanian-based commercial property projects exceeded 343 million euros in 2013, rising by over 100 percent from 2012. As many as 15 sale agreements were completed in Romania in 2013 leading to 30 revenue-generating real estate projects with an average value of 23 million euros.

Some of the most important deals last year were those for City Park Mall, The Lakeview, Mega Mall Bucharest, Deva Shopping Centre, Vulcan Value Centre, Severin Shopping Centre, all of which were undertaken by New Europe Property Investments – NEPI. Acquisitions were undertaken by Globalworth Real Estate Investment Limited at Timisoara Airport Park, the Galleria Suceava transaction, the Continental Hotel in Cluj Napoca (central Romania) and the acquisition of the Bucuresti store.

Speaking at the MIPIM international real estate fair that took place in Cannes recently, CBRE Romania senior management not only reinforced the growth that was taking place in Romania but also drew investors’ attention to the upward trend for the real estate market of Central and Eastern Europe, that saw aggregate investments in excess of 10 billion euros in 2013, one of the best results since 2008.



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