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October 26, 2020

Bucharest no longer appealing for real estate investors

Bucharest has dropped 36 positions down to 84 within a classification of the most appealing destinations for real estate investments on medium term. The survey conducted by LaSalle Investment Management indicates that Romania, similar to other countries in the region, has faced a sever recession.

Within last year classification, the Capital ranked the 48th, down by 23 positions. The classification was designed on the basis of the European regional development annual index, E-REGI, depending on 15 variables, classified in three categories, namely growth outlook – for economy, jobs and research and development expenditures – the development degree set depending on GDP per inhabitant, as well as the economic context. Yet, according to National Trade Registry Office (ONRC), the foreign investments as contribution to the share capital of the companies registered in Romania amounted to EUR 344.6 M in July, by 38 per cent more than during the previous month, financial service companies, those in real estate and in constrictions receiving the most important inflows.

In July, foreign investments as contribution to the share capital of companies registered in Romania amounted to EUR 344.6 M, compared to EUR 248 M in June. Compared to the similar month of the previous year, in July 2009 a drop by 25 per cent to EUR 462 M was reported, according to ONRC.

The most important capital contribution in July this year was reported for Groupama Asigurari company, having a French major investor, namely EUR 175.4 M.

The classification includes further on company D-Yapi Real Estate, Investments and Construction, with shareholders from The Netherlands, which received capital inflow amounting to EUR 24.7 M. D-Yapi Real Estate, Investments and Construction belongs to the Turkish holding Dogan which bought the company, including a land of 55,800 square meters in Bucharest, against EUR 48.9 M.

The next places belong to company Fortis Lease Romania IFN (contribution amounting to EUR 21.1 M), Ergon Concrete International (contribution amounting to EUR 17.17 M), Lidl Romania (EUR 14.3 M), Webasto Romania (EUR 10.25 M), Gedeon Richter Romania (EUR 6.96 M) and Inter Ferm (EUR 6.9 M).

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