The real estate consultancy company expects a few large deals to be signed in the second half of the year, currently under final negotiations.

CBRE estimates real estate transactions will grow 15 compared with 2018, to more than EUR1 billion.

In the first six months, the market was defined by two major transactions, one in the office sector and one in retail.

Although most deals on the office sector were in Bucharest, the biggest transaction on the market was the sale of The Office in Cluj for an estimated EUR129 million to Dedeman.

On the retail segment, MAS Real Estate acquired a portfolio of nine retail parks from Prime Kapital for an estimated EUR113 million.

Also in the first six months, a local investor paid EUR20 million JC Flowers & Co for the Piraeus Bank building in Victory Square in Bucharest.

Overall, the value of transactions in the first half of the year was similar to the level in the same period of 2018, with an average of EUR26 million per transactions. Of the total volume, 40% of transactions were in Bucharest.

Half of real estate investments in the first half of the year were on the office segment, 33% in retail and 19% in industrial spaces and hotels.