Real Estate major investments opportunities/Ultracentral/ Romania/Bucharest - Retail/Office Market research data

1. INVESTMENT OPORTUNITYES – LAND PLOTS IN BUCHAREST 2014
Anteea Estate www.anteea-estate.ro

2. Contents
Land plots characteristics &
General Data of the area (Piata Amzei, Piata Victoriei )
Images
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Romanian Real Estate Market

3. Property characteristics – Piata Amzei
•Total area: 1,355 sq.m.;
•The subject property, has an excellent location in the heart of
Bucharest, in the immediate vicinity of Romanian Athenaeum;
•The location is at only 5 minutes walking distance from Romana
metro station;
•Frontage A: 54 m on Georgeos Clemenceau Street;
•Frontage B: 13 m on George Enescu Street;
•Permits: AC approved in 2013 for a hotel Project: CUT=3.8,
POT=79%;
•Utilities: sewerage, gas, water, electricity;
•Possible use: Office, Residential, Retail, Hotel.
ASKING PRICE: 2,350,000 Euro

4. Photo area / land plot
Piata Romana/ Land plot

5. Photo area / land plot
Piata Romana/ Land plot

6. Property characteristics – Piata Victoriei
•Total area: 456 sq.m;
• Location: Piata Victoriei, in the proximity; visibility from Lascar
•Catargiu Boulevard; metro station is at 2 minutes walking
distance;
•On the site there is a building that can be demolished (approx.. 200 sq.m. built area) and an electrical substation that can be relocated on a plot near-by;
•Frontage: 17 m on Putul de Piatra Street;
•Permits: CU 2014 - Protected Area: POT=65%, CUT=2, Hmax=
UG+GF+3F+4A;
•Utilities: sewerage, gas, water, electricity;
•Possible use: Office, Residential, Retail, Hotel.
ASKING PRICE: 1,200 Euro /m2 - 547,200 sq.m.

7. Photo area / land plot Piata Victoriei/ Land plot

8. Photo area / land plot
Piata Victoriei/ Land plot

9. Photo area / land plot
Piata Victoriei/ Land plot

10. Property characteristics – Piata Victoriei
•The property has a great location between Piata Victoriei and
•Piata Romana;
•The metro station is at 5 minutes walking distance;
•On the site there are two buildings that can be demolished
(approx. 600 sqm built area);
•Total land area: 1,130 sq.m.;
•Frontage: 17 sq m on Povernei Street;
•Permits: Protected Area – Achievable parameters: CUT 2,
POT 50%;
•Utilities: sewerage, gas, water, electricity;
•Possible use: Office, Residential, Retail, Hotel.
ASKING PRICE: 1,200 Euro /m2 - 547,200 sq.m.

11. Photo area / land plot
Piata Victoriei/ Land plot

12. Photo area / land plot
Piata Victoriei/ Land plot

13. Site plan / land plot

14. General View of Romanian real- estate market - 2014
•The Romanian real-estate market transactions were around 402 million Euro in the 1st half of 2014 and the entire transitioned surface was over 692,000 square meters.
•Compared with first half of 2013 the market reported an increase in investments of 222% (3. 22 times);
•In comparison with the entire year , the increase in the first semester was of 17%.*
•Due to increased investments the prime yields for the office market suffered a compression from 8,25% to 8%.
•The rest of prime yields remained unchanged. *
•The prime rent was relatively stable for the commercial centers – 60 Euro/sq.m. / month; 18 Euro/sq.m./month for office space and 3.8 Euro/sq.m./month for industrial properties. *
* According to a CBRE market report

15. General View of Romanian real- estate market - 2014
•In 2013 the mayor of 3rd district announced large development plans for the south – east area of Bucharest including the 3rd district and Popesti – Leordeni; The plan includes infrastructure development, entertainment spaces as well as university campus.
•According to market reports the residential market of new apartments will continue to grow, only in the south – east area of Bucharest being delivered over 1000 units of new apartments/ year.
•In 2014 only, 4,500 locative units are previewed to be delivered until the year end.

16. Retail space – Romanian market 2014 -
•Retail sales grew by 7.8% in the first five months of 2014;
•Occupier demand in Q2 was for the most part stable. Interest
•was focused primarily on large cities;
•On the supply side, this year’s new shopping centre supply will
•represent a 12-year low, with only 4,170 sq.m of GLA delivered in the first half of the year and 30,000 sq.m under construction and set to be completed in H2.
•There are, however, four schemes under construction and due to be added to the market in 2015 and 2016, consisting of approximately 210,000 sq.m of GLA – 3 in Bucharest and one in Brasov.
•Several new projects and extensions have the potential to begin construction in the following months, potentially adding a further 230,000 sq.m of GLA

17. Retail Space – Romanian market 2014

18. Office space – Romanian market 2014 - Bucharest
Office space transactions first half - 132,000 sq.m., an increase of 27% from the same period last year.
Most of the rentals, approximately 40% of the total were made in existing buildings.
According to real estate specialist it seems that 2014 will turn out better than the previous one (2013) in terms of office transactions.
 The motor of the growth, in the first semester was relocation( 61% of total) , as opposed to segment of contracts renewals (declining with 33%).
The relocations totaled 106,750 sq.m competing with contracts’ renewals, which totaled only 25,259 square meters and have suffered a setback of 33% compared to the same period last year.
Pre-lease contracts for buildings under construction represented over half of the relocations in the first half of 2013 (32,800 square meters). This year, most of the spaces were occupied in existing buildings a surface of 57,573 sq.m. (40% of total).
largest share accounting for transactions over 3,000 sq.m. space, with 44% of the total, a share more than double from last year.

19. Office space – Romanian market 2014

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