The three deals are the sale of Miliari Shopping Center and office projects Campus 6 and Oregon Park, all signed in the second quarter of the year after a first quarter marked by no notable investments, CBRE said.
Militari Shopping Center in western Bucharest was sold to South-African investment fund Mas Real Estate by Israel’s Atrium European Real Estate, which exited the Romanian market.
The first building of the Campus 6 office project developed by Sweden’s Skanska was sold to Austria’s CA Immo.
The Oregon Park office project developed by Portland Trust was sold to Lion’s Head Investment.
CBRE estimates investments on the Romanian property market stood at around EUR1 billion last year and expects a lower volume this year.