Real estate investors from Poland move to Bucharest

Real estate funds present in Poland are preparing to enter the local market in search of higher yields, which in Romania are about 1.5% higher and are complemented by an unsaturated market. "Investment funds present in Poland for the last 5-7 years could give up the portfolios they hold there, considering among other things the yields that have fallen in the last few years. They could take their liquidities and move their operations eastwards - to countries like Romania, where the profitability of real estate investments is still high," believes Pavel Tonski, manager of the real estate consulting firm Accreo Taxand.
Among the Polish investors testing the local market are investment fund Heitman, controlled from Chicago, which manages assets worth over 15 billion dollars in the United States, Europe and Asia. Heitman is one of the leading investors in Poland. Yields have reached 5.5% for retail space in Warsaw and 5% for offices, according to information from the real estate consulting company Cushman & Wakefield. These values are close to those on Western markets, while in Romania they are around 1.5% higher, taking into consideration the latest transactions made.
Source: zf.ro