Fortim group revenue up 37% in 2024, reaches RON 11 million

Business Forum
The Fortim group of companies, part of the BNP Paribas Real Estate alliance, recorded a significant increase in turnover in 2024, reaching RON 11 million, from consulting services, 37% more than in the previous year. This performance is the result of diversifying the service portfolio and expanding the activity into new business lines.

Founded in 2002, Fortim Trusted Advisors has been controlled since December 2020 by Costin Nistor, Nicolae Ciobanu and Bogdan Cange. The company offers a wide range of real estate consulting services, including in the office, retail, industrial & logistics, valuations, capital market, market studies, residential, Property Management and Project Management segments.

"2024 was a year full of challenges, especially in the office space market, with our consulting team managing to position itself among the companies that rented the most offices in Bucharest and Cluj-Napoca. Investments in our clients' ESG facilities and the development of new business lines, such as consulting in the industrial, residential and marketing segments, have significantly contributed to organic development. This is the fourth consecutive year of turnover growth, and in 2025 we focus on consolidating our position in the market," said Costin Nistor, Managing Director of Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance.

In 2025, the company's management estimates similar results to 2024, with growth prospects.

"Romania's full entry into Schengen will transform our country into a regional hub, with significant benefits for the logistics, production and retail space market. We also observe a maturation of domestic capital, which is increasingly directed towards real estate, contributing to improving the quality of commercial buildings and the supply of new housing," added Nistor.

Real estate investment on the rise

In 2024, real estate investment in Romania totaled €728 million, up 38% compared to 2023. Bucharest attracted €307 million in office and retail transactions. Nationally, the industrial sector attracted the most investment (€291 million), followed by retail (€196 million) and offices (€172 million).

 Trusted Advisors works with a number of major clients, including Morgan Stanley, Add Value Management, Indotek and Kesz. In the office segment, the firm has managed transactions for Multinode, OLX Group, Reckitt Benckiser, Renault, Fortech, Grohe, Credius, Multinode Network, Maidan, CTP, AHI Carrier, AVL, UMT Software, Future Electronics, The Home and Bioderma.

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Business Forum  |  4 February, 2025 at 2:18 PM
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