“Projects up for sale include (retail park) Vitantis, Arena Mall or the Lakeview office building. (…) Highly active buyers include the funds Bluehouse (Cyprus) and NEPI (South Africa),” Ustinescu said at a realty conference.
He added there are attractive projects outside Bucharest as well, and investor sentiment regarding Romania has improved this year.
Another source for real estate transactions, according to Ustinescu, would be the assets put on sales by banks following restructuring or bakruptcies, one such example being Bucharest’s City Mall.