RETAIL
-The Central and Eastern Europe (CEE) region (Romania, Bulgaria, the Czech Republic, Hungary, Poland, and Slovakia) presents an increasingly promising environment for major international brands, including luxury brands, with significant potential for expansion and profit margins, according to Colliers’ recently published report ”Luxury Retail Brands in CEE”. In Romania, most exclusive brands in the local market are present through multi-brand or mono-brand stores operated in a franchise system.
-Bucharest-listed Meta Estate Trust, a holding company that operates in the real estate sector and acts as a portal between the real estate market and the capital market, secured four commercial projects for Penny Store food retail rentals in various localities on the territory of Romania.
LOGISTICS
-Netherlands-headquartered NewCold, one of the world’s largest operators of automated cold storage warehouses, has arrived in Romania by acquiring a 9-ha land plot in northern Bucharest from Belgian developer WDP. The transaction was brokered by the Cushman & Wakefield Echinox.
-German Garbe group, an investor in logistics and industrial spaces is looking to start operations in Romania and develop its first local projects, according to Profit.ro. The group manages real estate assets worth more than 15 billion euros in 11 countries.
-Austria’s international transport and logistics company Gebrüder Weiss has officially opened the second logistics hub near Bucharest, in Popesti-Leordeni, Ilfov county.
FINANCE
-In H1 2024, mortgage loans worth EUR 4.5 billion were granted in total at a national level, up 78% on an annual basis ( including refinancing, conversions, transfers, and restructurings) the National Bank of Romania data showed. Last month private lending grew by 7.7% to RON407.8 billion y-o-y. Romania remains among the European Union (EU) member states with the most accessible mortgage loans, considering the average wages at the national level and the costs of buying a one-bedroom apartment through a 25-year mortgage loan, according to a report by Ipotecare.ro and SVN Credit Romania.
-Private Equity (PE) investment in Romania stood at merely EUR130 million or 0.041% of the GDP in 2023, ten times smaller than the similar ratio at the European level, according to an analysis conducted by ROCA, a private equity company in Romania.
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