Bucharest, 30th of August 2016: The stock of modern shopping centers in Bucharest will increase by 100,000 sqm by the end of the year through the delivery of two projects in the eastern part of the capital. In addition to this area, Colliers International estimates that there is room in the Capital for another large shopping center.
Colliers managed the leasing process of Mercur Centre, which reached 95% occupancy rate. Mercur Centre had the grand opening on 9th of June, having 95% occupancy rate. The centre reunites famous fashion brands, entertainment areas and food court, as well as the first multiplex cinema in Craiova.
Globalworth Real Estate Investments Ltd. (“Globalworth”) has signed an agreement to offer real estate secured bonds worth a total of Euro 180 million. Euro 150 million will be subscribed by Canada Pension Plan Investment Board (CPPIB) and the remainder Euro 30 million by funds managed by Cairn Capital (“Cairn”).
Fashion brand COS, part of H&M group, enters the Romanian market in 2016 and opens the first store on Calea Victoriei in Bucharest. Colliers International advised on the lease transaction by which COS will open a 2 levels store of almost 900 m2, within a historical building on Calea Victoriei.
Global Trade Center acquired Premium Point and Premium Plaza office buildings in Victoriei Square, in Bucharest. The transaction was advised by Colliers International as representative of the seller.
Colliers International advises on the first sale transaction of an office building in 2016, in Romania:Aberdeen Asset Management Deutschland AG and Commerzbank are selling Phoenix Tower in Bucharest.
The volume of real estate investments will increase in 2016 in EMEA region, supported by emerging markets and advantageous lending terms, but also by the general positive attitude of international investors. In the first three quarters in 2015, EMEA region reported a total investment volume of USD 200 billion, 3% bigger than the one in the previous year, while in CEE, investments are bigger by 9% than in 2014 and the region attracts more capital with risk appetite and searching for profitable yields.
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