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Trade: 50 new retailers from France, Spain, Italy, Germany and Turkey have in view local market
The Romanian retail market has become more and more attractive for investors, while global capital has increased in Central and Eastern Europe. 50 new retailers from France, Spain, Italy, Germany and Turkey are now analyzing the local market.
“About 40% of retailers interested in Central and Eastern Europe are analyzing the market in Romania. Of them, 50 are new retailers, most of them coming form France, Spain, Italy, Germany and Turkey. Romania is also analysed by most developers present at MAPIC (the international real estate fair Marche Professionelle Imobiliere Comerciale, held in Cannes). About 30% of companies that have in view Central and Eastern Europe have shown interest in Romania, “ said Liana Dumitru, associate director of the retail department at Colliers International Romania.
She showed that talks with companies present at MAPIC pointed out Romania’s increased presence on the European investment map, next to the growing interest of new retailers.While at continental level Great Britain remains the most attractive destination for investors with a share of 33% of capital attracted in the second and third quarters, Central and Eastern Europe are dominated by Russia and Poland with a share of 6% and 5% of the European investment volume, according to Colliers.
The retail volume at European level has reached 16.2 billion dollars in the last 6 months, an average increase of 14% compared to 2012. The highest investment growth of 50% was registered in Central and Eastern Europe.