Thus, Dedeman consolidates its position in the city in north-western Romania, where it has two more stores.
“Dedeman bought one of the best plots of land in Timisoara, in terms of real estate potential. Dumbravita area has been growing steadily for several years, and this trend will continue with the opening of the Ikea store and the expansion of residential developments. In these conditions, the future project – regardless of the configuration that will be decided by the new landowner – has every chance to become a magnet for the entire North-West region of the country”, said Sinziana Oprea, Director Land Agency at Colliers Romania.
The acquisition has the potential to be a catalyst for significant new transactions in 2022, being an important benchmark for local market liquidity and contributing to increasing investor confidence.
In 2021, the land transaction market for real estate projects (residential, retail, offices, hotels, excluding agricultural and industrial) recorded its highest value since 2007. Total transaction volume exceeded EUR800 million, higher by more than two and a half times from an estimated EUR310 million in 2020, according to the 2021 annual report released by Colliers.
Bucharest and surrounding areas accounted for about 75% of the nominal transaction volume, in line with estimates by Colliers consultants, explaining that there are many transactions with large platforms for mixed-use projects where the share allocated by developers to various sectors is not completely sure. Retailers and residential developers have been extremely active, with land for such projects accounting for about 90% of the total.
Dedeman has five logistics centers, an own car park and stores with surface areas of 7,500 sqm to 18,000 sqm.