Overview

 

 

Romania is currently feeling the full force of the economic tsunami that’s swept across the world and economic development off track. The impact of the crisis on the country’s real estate market has been particularly harsh, not least because in the months leading up to the crash, Romanian developers were enjoying unprecedented levels of confidence from international investors. This liquidity has largely dried up now, though recent events suggest that in fact there is still a market for the market’s top schemes. There’s even been activity of late from retailers staking their claims for long-term market share. But how long will it take before some semblance of normality returns to the market? Will we recognize the new normality when we see it? Can development finance be coaxed back into the game? These are the broader issues CEDER will considering during each of the four planned panel discussions on retail, the office market, logistics and distress.