Prime rents in Romania lower in June 2012 – C&W

The only exception was Strada Republicii in the central city of Brasov, which saw a significant rise, C&W said in its retail property rental performance publication on the twelve months to June 2012.

According to the publication, occupier activity in Romania is stable, with the majority of the expansion plans coming from foreign supermarkets and discounters.

“A number of luxury brands entered the market, with fashion retailers such as Valentino, Burberry, Escada and Emporio Armani opening stores,” C&W said. “Looking ahead, Calea Victoriei is a luxury location with potential for further development in the medium to long term, depending on the successful refurbishment of historic buildings and leasing terms provided by landlords,” it added.