Entry in Romanian property market


After consideration of the Romanian real estate market for over two years, Vabeld has now successfully completed its first acquisition in Bucharest. Notwithstanding Vabeld’s long term focus on the retail property market, Vabeld is convinced of the potential of the logistics and semi-industrial market in and around Bucharest and has acquired 15 hectares of prime industrial land adjacent to the A1 highway on the western fringe of the capital.

The land is vacant except for two unfinished buildings totaling over 11.000 m2 of surface area which Varoed, Vabeld’s Romanian subsidiary, will seek to finish in the next half year.  It is Varoed’s intention to develop build-to-suit projects on the remainder of the land.

Whereas additional acquisitions in the semi-industrial property market are being considered, Varoed’s objective is to build up a high quality retail portfolio in Romania, with a focus on Bucharest.

Romania is the fifth country where Vabeld has direct property investments.