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Investment Market Overview H2 2021

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investment report H2 2021

The volume of investment deals completed in the second half of 2021 amounted to 221 mln euros, thus compensating for the lower activity in the first six months of the year. On annual basis, the investment market reached 240 mln euros, a standard level for Bulgaria.

Yields in the second half of 2021 for office assets compressed to 7.75%, retail and industrial ones remained stable at 7.75% and 8.5%, respectively.

In the short term, office assets yields are forecasted to contract further, while no change is expected for industrial and retail space. The decline in office yields is related to higher ESG requirements, sellers’ compensation for rent concessions granted during the pandemic, and the scarcity of new projects under construction over the last 18 months.


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Investment Market Overview H2 2021

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Georgi Kirov

Partner, Investment and Valuation Advisory Services | Bulgaria

Sofia

Georgi Kirov joined Colliers in 2002 as Consultant Commercial Brokerage Services.  Soon after he took the lead of  the Investment Sales team and has overall responsibility for the Valuations team. He has led  the Department since 2006 and provides consultancy services to local and international property developers and investors.

Prior to joining Colliers International Georgi completed an internship at the Bulgarian National Bank. 

Georgi is Member of RICS.

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Adriana Toncheva

Senior Consultant | Bulgaria

Sofia

Adriana Toncheva joined Colliers in October 2008 as Market Researcher and member of the marketing team. Her primary responsibilities are data collection and analysis, processing and carrying out market research surveys, writing various real estate market reports. Adriana is the person to turn to for accurate and updated data and analysis regarding various topics, not limited to real estate. She supports internal clients with corporate presentations and reports, customized to their specific needs and requests. Among her major projects are the implementation of the Net Promoter Score program, Colliers Bulgaria Client Follow-up program and Integis. In 2014 she received Colliers Bulgaria Service Excellence Award for business support functions.

 

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