![News Article CEE Cristi Moga CTP Cushman & Wakefield Echinox office retail Romania WDP](https://cdn.property-forum.eu//image/articles/18807/1500/property_high_521-999.jpg)
Romania’s commercial property sector recorded investment transactions of €418 million in H1 2024, up 131% year-on-year, marking the biggest volume growth across CEE, according to Cushman & Wakefield Echinox.
The investment volume placed Romania third in the region, behind Poland and Czechia and ahead of Hungary and Slovakia. Across CEE, investments totaled €3.26 billion in H1 2024, up 40% year-on-year.
The retail and industrial segments were the main drivers of the local market, accounting for 90% of the total volume, while office transactions had a 4% share.
“The forecast for the second half of this year remains positive, in a context characterized by more relaxed financing conditions and by stabilizing prices. Therefore, highly significant transactions are expected to be closed in the coming months, particularly on the retail and office segments, as the total 2024 transactional volume is due to be in the region of €1 billion, a normal yearly level for the local market over the past decade," says Cristi Moga, Head of Capital Markets at Cushman & Wakefield Echinox.
The biggest deals were CTP’s purchase of six industrial parks from Globalworth for €168 million and WDP’s acquisition of Expo Market Doraly for around €90 million.
Prime yields have kept steady at 7.25% for office and retail projects and 7.50% for industrial assets.