In 2013, NEPI was the most active real estate investor on the local market. In the last quarter, as during the entire year, most of the transactions aimed retail assets.
Looking for high yields leads the private equity funds to consider new markets, including Romania, but also to consider other than prime properties. Those investors benefit from own substantial capital and could take advantage in their regional presence and in having access to loans in favourable conditions, a report of Jones Lang LaSalle (JLL) showed.
While in latest years the investors’ interest focused mainly on prime properties, now the secondary assets whose revenues could be increased through more efficient management, especially those in Bucharest, become more and more liquid. Besides direct investments, the private equity funds also target the acquisition of the distressed assets or place new loans.
The potential that the yields decrease in 2014 exists, mainly due to massive investments in CEE, but also due to Romania’s solid economic performance. In JLL’s vision, in 2015 the yields will remain most probably stable on the background of slight increases of the monetary policy rates. (source: dailybusiness.ro)