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EXPO REAL 2007: More Eastern European Participation than Ever Before |
Approx. seven billion euros invested in real estate in Eastern Europe in 2006.
Bulgaria and Romania became members
of the European Union (EU) on 1 January 2007, and Brussels is also negotiating
with Croatia and Macedonia. Albania, Bosnia and Herzegovina, Montenegro and
Serbia are considered as additional potential candidates. Europe is not only
changing politically; growth in the European Union also has economic
consequences, as will be obvious at EXPO REAL 2007, 10th International
Commercial Real Estate Trade Fair in Munich from 8 to 10 October 2007.
Participation from the countries of Central, Eastern and Southern Europe is
larger than ever before. Overall, 15 countries from Eastern and Southern Europe
are exhibiting at EXPO REAL 2007 and occupying more than 40 percent of the
international area. This corresponds to an increase in area of more than 15
percent for these countries compared to the previous event. Latvia (City of
Riga) and Macedonia are participating for the first time. They will present
their new projects and market developments to find international partners and
investors.
As a result, EXPO REAL 2007 will reflect the complete range of the Eastern European real estate market within the growing participation from other countries. Cities such as Warsaw (Poland), Bucharest (Romania), Bratislava (Slovakia) and Prague (Czech Republic) will present their recent urban development and infrastructure projects. In addition, a number of companies will exhibit, who are active on the respective real estate markets. The Serbian Investment and Export Promotion Agency (SIEPA) will be present from Serbia, the Public Agency for Entrepreneurship and Foreign Investments from Slovenia, the TriGránit Development Corporation from Hungary, Albinvest from Albania and AG Capital ISCO from Bulgaria.
The assessments of international real estate experts prove that the Eastern and Southern European real estate markets are moving increasingly into the focus of investors. Approx. seven billion euros were invested in real estate in Eastern Europe in 2006, an increase of 21 percent compared to the previous year. Of this amount, 43 percent was invested in the segment of office real estate followed by 40 percent in retail store property. Shopping centers accounted for 75 percent of these retail store properties. The other investments were in the segments of industry, hotels and property with mixed use. Approximately 75 of the total volume was invested in capital cities, mainly in shopping centers. Four and one-half billion euros of these investments came from Western Europe, and the remaining 2.5 billion euros from other countries (among others, USA, Canada and Australia). The flow of capital into Eastern European real estate exceeded all expectations of experts with that.
Investments in infrastructure projects such as schools, hospital, toll roads, airports, etc. are becoming increasingly attractive, especially for investors who put value on long-term, reliable revenues. This is the conclusion of a survey by the Urban Land Institutes (ULI) conducted in collaboration with PricewaterhouseCoopers among more than 390 investors, project developers, financers and consultants for trends on the real estate market. There is especially a giant market in the new EU member countries, because a lot of modernization is needed there. RREEF estimates the potential of the European infrastructure market to be from four to five billion euros.
As a result, EXPO REAL 2007 will reflect the complete range of the Eastern European real estate market within the growing participation from other countries. Cities such as Warsaw (Poland), Bucharest (Romania), Bratislava (Slovakia) and Prague (Czech Republic) will present their recent urban development and infrastructure projects. In addition, a number of companies will exhibit, who are active on the respective real estate markets. The Serbian Investment and Export Promotion Agency (SIEPA) will be present from Serbia, the Public Agency for Entrepreneurship and Foreign Investments from Slovenia, the TriGránit Development Corporation from Hungary, Albinvest from Albania and AG Capital ISCO from Bulgaria.
The assessments of international real estate experts prove that the Eastern and Southern European real estate markets are moving increasingly into the focus of investors. Approx. seven billion euros were invested in real estate in Eastern Europe in 2006, an increase of 21 percent compared to the previous year. Of this amount, 43 percent was invested in the segment of office real estate followed by 40 percent in retail store property. Shopping centers accounted for 75 percent of these retail store properties. The other investments were in the segments of industry, hotels and property with mixed use. Approximately 75 of the total volume was invested in capital cities, mainly in shopping centers. Four and one-half billion euros of these investments came from Western Europe, and the remaining 2.5 billion euros from other countries (among others, USA, Canada and Australia). The flow of capital into Eastern European real estate exceeded all expectations of experts with that.
Investments in infrastructure projects such as schools, hospital, toll roads, airports, etc. are becoming increasingly attractive, especially for investors who put value on long-term, reliable revenues. This is the conclusion of a survey by the Urban Land Institutes (ULI) conducted in collaboration with PricewaterhouseCoopers among more than 390 investors, project developers, financers and consultants for trends on the real estate market. There is especially a giant market in the new EU member countries, because a lot of modernization is needed there. RREEF estimates the potential of the European infrastructure market to be from four to five billion euros.
