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ANALYSIS: Slow-down of the private investments in the second quarter

After the total volume of real estate investments in Romania stood at about 1.15 billion euro in 2014, placing Romania among the most important countries preferred by investors in Central and Eastern Europe, the growth dynamics slowed in 2015. The volume of the real estate investments in the first half this year was about 190 million euro, which is below the level recorded in the same period of 2014. Analysts' estimates indicate that the market will reach 800 million euro by the end of 2015, the forecast being based on the fact that a number of key industrial and office buildings in Romania are currently in advanced stages of negotiations. The main projects completed in the second quarter are the industrial halls with a total area of 52,000 sqm achieved in the logistics center of Timişoara Airport Park, the expansion of 20,000 sqm of Olympian Park Timişoara, the expansion of 10,000 square meters in the Transylvania Logistic Park Cluj and the new hall of 4,000 sqm developed by CTP in Turda city (Cluj county). By the end of 2015, it is estimated that on the market will be delivered 160,000 sqm of logistics and production units, namely: the expansion of Ploieşti West Park, VGP Timişoara, WDP Ploieşti and the development of new halls Yazaki, in Brăila. In Bucharest, only two new projects are expected to be partially completed by the end of 2015: P3 expansion Logistic Park (75,000 sqm) and new Log Center Mogoşoaia (45,000 sqm), developed by Immofinanz. The last one will include, in the first stage, two halls with a single level. The project will be developed under Log.IQ brand and according to the developer, the two buildings will be completed by March 2016, currently the works being carried out at a rate of 10%. Architectural plans were developed by B2 International Consultants, the works being carried out by Sagex Construct. The land have a total area of 280,000 sq m, having access to the A1 and A2 and the International Airport "Henri Coandă". According to available data, on the official portal Immofinanz, the land creates the opportunities for expansion of the logistics park to a total of 148,439 sqm of built area.
 

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