The retail space market has seen only three sale-purchase transactions in the first nine months of the year, with a cumulated value of nearly 100 million euros, according to data supplied by real estate service company DTZ Echinox. The biggest transaction was the acquisition of the shopping complex City Mall by Victoria Holding and two British individuals, from Jaguar Development, for 46 million euros. The sale of City Mall happened in the first quarter of the year. "City Mall had previously been the object of a sale in the autumn of 2004, when Jaguar Development bought it from Sirius Investitii. We do not necessarily see this transaction as an investment, because the property had not been fully let, and the renting risk was undertaken by Jaguar Development," Oana Iliescu, consultant with DTZ retail department explains in a release. British real estate investment company Equest Balkan Properties took over Moldova Mall, in a 34.5 million-euro deal in the first half of the year, which generated a 9% yield. The last acquisition on the retail market was that by Dawnay Day Carpathian, which bought MacroMall shopping complex in Brasov from two Romanian companies. The 19 million-euro transaction was the first investment of the British company on the Romanian market. The yield of the investment was 9%.
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