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Real estate : The investments in office spaces represented half of the total volume recorded in the last quarter of 2015
The investments of real estate industry in Romania reached a record level of 389 million dollars, accounting for 57pct of total investments in this sector in 2015, shows a survey conducted by a real estate consulting company.
The investments in office spaces skyrocketed in the last quarter of 2015, and represented half of the total volume recorded during that period.
The total volume of real estate investments on the Romanian market is still significant, being almost double compared to that in 2013 but below the record level of 2014. Foreign real estate investments continue to prevail on the local market, with the local capital standing at only 3pct of the total figure, informs CBRE, the author of the survey.
The Netherlands, the U.S., the UK and Germany are the countries that invested the most in Romania last year.
The five-largest real estate deals in 2015 were, in this order, the takeover of Europolis Logistic Park by the company P3, followed by the purchase of Floreasca Park by GLL, the acquisition of Auchan Titan Shopping Center by NEPI, the buying of Bucharest West by CTP and the purchase of Green Court Bucharest Building B by Globalworth.
The total value of the five-largest deals account for 60pct of all investments, all these recorded in Bucharest.