Introduction
Bucharest is booming, yet Romania’s capital has a short supply of well-located, top quality commercial investment property. Situated on the western edge of the city, close to the arterial A1 highway, CentreWest Commercial Park is ideally located for both small businesses needing logistics space and to serve the thousands of shoppers that use the ring road every day.
Commercial properties are often the first choice for professional overseas investors because they are easier to manage and have minimal overheads. Our CentreWest units come with all the benefits of commercial investment property but at an entry price that is affordable to all.
Our logistics units represent the perfect hassle-free investment with a guaranteed 8% net rental guarantee for up to 10 years.
The retail units have the potential to be cash-positive with much higher expected yields of 15% but this is not guaranteed.
Demand for similar units from both multi-national and local businesses is strong – an ideal supply/demand situation to support future capital growth.
A 35% deposit with 65% non-status finance – virtually unheard of in this market – can secure a commercial unit in this development.
Prime Position
Bucharest is at the crossroads of trade between the EU, Turkey and the Middle East thanks to its perfect strategic location. Its potential is increasingly recognised by companies across Europe, especially since Romania’s accession to the EU this year removed trading restrictions.
Superb Location
CentreWest Commercial Park is located on Bucharest’s busy ring road, to the west of the city, close to the start of the arterial A1 road NW to Pitesti. Around 58,000 vehicles are estimated to use this section of the highway each day.
Retail Hotspot
Accessibility from all parts of the city has made the north-west section of the ring road a magnet for multinational retailers such as Porsche and Renault car dealerships and hypermarkets Carrefour and Metro. The arrival of IKEA firmly established Bucharest’s ring road as a popular retail area.
Major multinationals such as these do their research carefully – they have chosen to locate here because they are convinced of its record as an established retail zone. Therefore much of the hard work has already been done for us – city residents regularly use the ring road for shopping, it is easy for them to get to and huge numbers of consumers will pass right next to CentreWest as they drive to access these other retail outlets. This creates a substantial ready market.
Increasing Demand
Because of its proximity to the A1 highway, land plots are in very high demand. Worldwide real estate company Colliers reports:
“The western part of the city is by far the most developed industrial area... the availability of land plots around the ring road is getting scarcer and prices higher… industrial development focuses along the A1 highway.” (1)
New, purpose-built retail space in this in-demand area of Bucharest represents an excellent investment prospect.
(1) Colliers Romania Industrial Report 2006