Real estate leasing market to grow by 170%
06 February 2008
The real estate leasing segment could grow this year by 160-170 per cent against the past year, to EUR 700 million, declared BCR Leasing General Manager Claudiu Stanescu. This could occur on the background of the growth of the constructions sector. Of the total EUR 700 million represented by the real estate leasing segment, BCR Leasing estimates to cover around EUR 130 million, of which EUR 100 million will be funding for residential buildings.
The company has recently launched a product dedicated to the real estate leasing segment which includes the funding of constructions by stages of execution of the real estate projects of office buildings, industrial objectives and the funding of the construction of residential complexes.
BCR Leasing manager explained that all the components of the real estate leasing segment will develop, from classical sales-purchase transactions to “sale & lease back” operations which have a significant weight.
BCR Leasing IFN also announced a value of the financed goods of around EUR 400 million in 2007, up 37 per cent over the previous year, and a total volume of contracts of around EUR 510 million.
“For 2008 we estimate a total volume of the goods financed by the company of about EUR 500 million, and a market share of some 10.5 per cent,” declared Stanescu.