BT Property buys Prima Shops Oradea

BT Property Alternative Investment Fund, managed by BT Asset Management SAI SA, announced the acquisition of the Prima Shops Oradea shopping center from the Oasis group, a local company in the retail property development and management sector owned by businessmen Klaus Reisenauer and Kurt Wagner.

Romania recorded a 131% increase in the volume of real estate transactions in the first half of the year, up to EUR 418 million, the highest advance in Central and Eastern Europe, an evolution that placed it in third position in the region, after Poland and the Czech Republic, ahead of Hungary and Slovakia.

Retail property transactions and industrial projects were the engine of the local market, representing 90% of the total volume, while offices had a share of only 4%, according to data from real estate consultancy Cushman & Wakefield. The retail sector attracted 47% of the investment volume, while the logistics sector had a share of 43%.