Investments in Romania ramping up
The Romanian investment market is gaining momentum, according to Skanska, a leading development and construction company in Europe.
Romania is expected to exceed an investment volume of €1.1 billion ($1.2 billion) by the end of 2019, and is on track to become the second-largest economy in the CEE by the end of 2020, according to research by JLL.
Until recently, investors aiming to diversify their portfolio mainly focused on Warsaw, Prague, and Budapest in the past, however, Romania is seeing a significant increase in investments, especially in Bucharest, according to Mike Atwell, head of capital markets Czech Republic and leader director at CEE Capital markets.
The country’s capital city is the country’s biggest office market, with almost 300 square meters (3,229 square feet) slated for development this year.
Skanska, which has been operating in Bucharest since 2011, has contributed several “future-proof workplaces,” and development projects to