Location: next to Policolor factory, Theodor Pallady Bulevard, district 1; 30 meters from Nicolae Teclu metro station, line M3;
Access roads – Theodor Pallady Bulevard;
Total GLA: 8000 sq.m./ 3000 sq.m. land plot;
Structure of building: P+4;
Parking space: 50 places;
Utilities: water, gas, ventilation, waste;
SELLING PRICE: 2,190,000 € + VAT
2. Contents
Building Characteristics
Occupancy rate
Policolor Building in images
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Retail/ office market 2014
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Building specifications/ facilities
3. Building Characteristics
•Location: next to Policolor factory, Theodor Pallady Bulevard, district 1; 30 meters from Nicolae Teclu metro station, line M3;
•Access roads – Theodor Pallady Bulevard;
•Total GLA: 8000 sq.m./ 3000 sq.m. land plot;
• Structure of building: P+4;
•Parking space: 50 places;
•Utilities: water, gas, ventilation, waste;
SELLING PRICE: 2,300,000 € + VAT
4. Catchment aria
•Primary catchment aria:261, 306 inhabitants (15.6%) from the total population of Bucharest;
•Secondary catchment aria: 342,541 inhabitants (20.4%) of the total population of Bucharest;
•Tertiary catchment aria: 1,677,985 inhabitants – total population of Bucharest;
•Situated in an area characterized by major residential expansions within the last 2 years – 1000 apartments delivered per year.
6. Medical Services Market – 2014 - Romania
•The growth of medical service market in Romania was constant in the last years;
•Market value : 570 millions Euro;
•First three players: Medicover, Medlife and Regina Maria;
•In 2013 , approximately 80% of the Romanian population chose the option of private medical services;
•People choose private health due to the poor state of public hospital units.
•Private healthcare units in Bucharest represent 40% of the total – if we are referring to the total market value of private medical services.
7. 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 *
* According to a CBRE market report
8. Office space – Romanian market 2014 -
•Q2 office take-up reached 89,500 sq.m in Bucharest, marking a 47% growth on previous quarter.
•New leases accounted for 40% of take-up, followed by renewals (29%), expansions and pre-leases each with 16%.
•Relocations represented 43% of take-up, while 30% was new demand.
•Over the quarter 46,700 sq.m of space was delivered in Bucharest taking overall stock levels to 2.1 million sq.m of which approximately 75% is Grade A.
•Pipeline activity recorded an increase to 172,000 sq.m, out of which 76,600 sq.m is due for completion over the remainder of the year.
•Vacancy rate is expected to remain around 13% as during the last 4 quarters.