This is a landmark transaction for the Romanian real estate market, in which Colliers International Romania acted as real estate advisor to the investors. 

“The deal between CPPIB, Cairn and Globalworth stands as another success story for the local real estate market, given its size and the renowned parties involved, showing once again that Romania gets the vote of confidence from large global institutional investors”, believes Laurentiu Lazar, Director Investment & Valuation, Colliers International.

“This investment led by CPPIB, Canada’s largest pension fund and one of the world’s most prestigious investors, is a testament to the level of progress achieved and the attractive risk/return profile offered by the Romanian real estate market at present. We expect that this transaction will amplify the positive sentiment already present and likely effect a momentum that will lead to further increases in market liquidity”, stated Robert Miklo, Associate Director Investment Services, Colliers International.