Even though the enthusiasm at the beginning of the year was dampened by the sudden geopolitical crisis, the deals currently closing and general market sentiment seem to point to sustained investment activity for the rest of the year.
In 2021, investment activity in the market was close to pre-pandemic levels at EUR909 million, an increase of 13% year-on-year. Even though the office segment remained the first choice for investors, it had a significantly lower share of total investment, 43%, compared to 85% in 2020 and 62% in 2019.
In contrast, the industrial market increased from a share of 9% and 10% in total investment volume in 2019 and 2020 respectively to a share of 31% in 2021.
A higher investment volume was also recorded in the retail market, EUR174 million, compared with only EUR27.5 million in 2020.
(English version by Loredana Fratila-Cristescu)