The Romania property sector could use more institutional investors, suggested speakers during the international investors’ panel of SEE Property Forum 2021, Property Forum's annual event in Bucharest.
Mihai Patrulescu, Head of Investment Properties at CBRE Romania, who chaired the panel, spoke about the potential of Romania to attract new players in the property market.
We might see more investment in pandemic resistant real estate, according to Victor Constantinescu, Managing Partner, Romania & Co-Head of Real Estate at Kinstellar. He added that funds are looking not just at Romania, but also at Serbia and Bulgaria.
Anne Marie Diaconu, Leasing & Asset Director at Skanska Commercial Development Europe, mentioned that she would like to see more institutional funds, especially German ones, investing in Romania. She added that Skanska will invest more and will look to purchase new land by 2023.
Financing is available, it's just more time consuming and difficult to agree on terms, explained Krisztián Hornok MRICS, Transaction Director at Indotek Group. He went on to say that Indotek Group aims to invest more in Romania. The group is project-driven, looking for high-risk, high-return investments.
More retailers from Poland and Germany will come to Romania by the end of next year, suggested Wojciech Jurga, Managing Partner at Scallier. He has a positive outlook for Romania and its retail sector. According to Jurga, the domestic market demand and retailers are driving growth in the segment.
Ivan Lokere, CEO of Alinso Group, mentioned last-mile deliveries as a segment that will develop further in Romania. He added that Alinso Group wants to grow in the real estate sector, suggesting that this is one of the less expensive asset classes.
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