RE deals to reach EUR 2 bln by yearend

Newsroom 26/11/2007 | 16:01

The first nine months of the year saw EUR 1.5 billion of real estate transaction, an amount equal to the total last year, according to Cristian Ustinescu, capital markets manager with DTZ Echinox.
Most of the transactions this year involved retail properties, followed by office and industrial. Bucharest still attracted the bulk of investments, compares to regional cities.
2007 was a year of yield compression, down to 6.5 percent, and the yields could drop to 6 percent in the following six months, said Ustinescu. The following months will see more activity from investment funds into development, but also portfolio sales.

Corina Saceanu

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