Romania Research and Forecast Report H1 2017

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The first semester of 2017 has seen a tremendous dynamism on the real estate market in Bucharest and in other major cities of Romania.

Leasing activity on the office and industrial market is at a post-crisis maximum, which in turn supports a rapid pace for new developments. The dynamic of the retail market is quite nuanced, as developers focus on two trends: increasing coverage of modern shopping areas and catering towards the needs of knowledge workers.

The investment market has also seen a very rapid pace of development, with transactions exceeding EUR 400mn in the first half of the year. The market is seeing new and exciting developments at the structural level, which coupled with an interesting pipeline of assets should result in strong volumes throughout the remainder of the year.


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Romania Research and Forecast Report H1 2017

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Mihai Patrulescu

Senior Associate | Romania

Bucharest

Mihai has joined Colliers International in October 2016 as Head of Strategic Analysis. Prior to this position, Mihai coordinated the economic research activities of UniCredit Romania and Bancpost, the Romanian subsidiary of EFG Eurobank. During 2015/2016, Mihai was seconded on assignment to the Milan Headquarters of UniCredit, working as a management consultant on the implementation of the bank’s strategic plan.

Starting from mid-2017, Mihai has joined the Investment  Advisory Services department. He specializes on project underwriting and investor engagement. He has worked on projects across all market segments, with a cumulated market value over EUR 1 bn.

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