Second-quarter data does not include the takeover of Adama by Immofinanz, according to the news release, since the takeover, worth EUR42.43 million, involved the firm’s activity in Romania as well as in Moldova. As such, the price paid for Adama’s activity in Romania is now known.
“According to DTZ estimations, investment volumes in Romania may be higher than EUR500 million by the end of the year,” said Bogdan Sergentu, head of valuations and consulting DTZ Echinox.
In Europe, investment in commercial property rose 14% in the second quarter, to EUR25.4 billion, from EUR22.4 billion in the first quarter, according to DTZ’s “Investment Market Update” survey.