“PPF Real Estate is interested to develop its local portfolio and Bucharest remains our main priority,” says Juraj Sastinsky, investment director with PPF Real Estate.
The markets of Central and Eastern Europe are similar in terms of business environment, manufacturing sectors, consumer behavior, standards and risks, so it is only natural that they would attract the same type of investors. In comparison with Prague, the Romanian market, in general, and Bucharest, in particular, is less developed but ample enough to attract large actors seeking big portfolios. Investors come with a particular set of competencies, a high level of service quality and follow international companies expanding to tap into the local labor market and Romanian consumer pool, the official added.
PPF Real Estate, which has more than EUR2 billion in assets, entered Romania in 2016 and its first deal then was Metropolis Center, followed by the acquisition of Crystal Tower in 2018.
Next bet is expanding investments towards the industrial sector that has developed a lot in 2020 and became the star of the real estate market.
PPF Real Estate continues to seek opportunities for investments in industrial and office space in Central and Eastern Europe, especially in capital cities, Juraj Sastinsky said.
(English version by Loredana Fratila-Cristescu)