On 29 March 2018, the fourth edition of SEE Property Forum in Bucharest, organized by Property Forum in partnership with the Royal Institution of Chartered Surveyors (RICS) will gather leading real estate professionals and top executives from South Eastern Europe to analyse the potential of the Romanian real estate market from a global perspective. Nearly 50 speakers and more than 250 visitors will come together in the Romanian capital, creating a unique networking opportunity.
The Romanian property market continued to grow rapidly in 2017 with the total investment volume approaching the €1 billion mark. The scene is set for the current growth to continue in 2018, but it might be time look even further into the future. This year’s SEE Property Forum will provide insight to all segments of the market with an emphasis on new technologies. As innovation is reshaping the future of the real estate industry it is more important than ever for market players to be aware of all the game-changing trends in their chosen field. To help prepare for these future changes Property Forum is bringing leading European visionaries to Bucharest to share their ideas on innovation.
Why 2018 is an exciting year for the Romanian real estate market?
“The market became more mature and is evolving very fast. Business is buoyant on the office market, where there are some major developments. Notably, developers have started looking beyond the CBD (including Barbu Văcărescu area) and are set to explore uncharted territory (Grozăveşti, Timpuri Noi, etc.). Whether the market is liquid enough or not is also difficult to assess, but investments seem to pick-up and hopefully, 2018 will mark the entry on the market of more institutional investors (one important step has been already made last year with the acquisition of Radisson by Revetas and Cerberus Capital). Some deals are right now in the pipeline and once they close, they will definitely put the local market back under the reflector.
Financing terms for real estate developments (irrespective of whether office, retail or logistic) have not changed significantly in the past few years – solid projects, with equity available from the investors and a comfortable level of pre-lease, can easily secure the required level of debt. Geopolitical factors are working in our favour while the local economic indicators have marked record levels for the region. All these are solid premises for positive evolution, both in the short but also in the long-run perspective.
We assist the full range of market players: developers and investors, landlords and tenants, lenders and borrowers. 2018 started very well, with a mega transaction in the agricultural sector and we advise right now a major institutional investor in connection with the contemplated acquisition of a landmark office building. Retail remains one of our main areas of practice, but there is a steady increase in demand from developers (lease of office buildings) or investors who are constantly looking for local targets (individual assets or even small portfolios),” Răzvan Gheorghiu-Testa, Partner at Țuca Zbârcea & Asociații and Head of the firm’s Real Estate Practice Group explained.
On 29 March real estate and banking professionals, developers based in Southeastern Europe, investors interested in the region, bankers, advisors, law firms, agencies, proptech start-ups, property and facility managers will come to Bucharest to discuss the latest trends and future strategies in real estate.
This year, for the first time, the forum will be accompanied by a pre-conference networking reception on the eve of 28 March 2018. Guest will be able to enjoy a gourmet buffet dinner, premium wine selection, a champagne surprise and lots of networking opportunities.
More information is available here.
