Romania's property investment market could hit €1 billion in 2024

Business Forum
Romania's commercial investment transaction volume could hit €1 billion this year considering the amount of deals close to completion, according to a report by Colliers. 

During H1 2024, the investment market recorded transactions with a combined value of €419 million. 

The largest transaction to date was CTP's purchase of Globalworth's industrial portfolio for around €168 million. The second largest transaction in 2024 was WDP's acquisition of Expo Market Doraly for around €90 million. 

In the office sector the biggest transactions were Vectr Holdings' purchase of The Landmark and AFI Europe's acquisition of myhiveVictoriei. 

Another noteworthy transaction is BT Property's purchase of Funshop Park Turda for around €15 million. 

“Industrial remains the favorite sector on the banks' list, followed by retail and residential, where financing decisions are based on the viability and sustainability of each project. Refinancing, compliance with ESG standards, and other factors specific to the real estate sector or the local context continue to play an important role in the decisions of buyers and sellers," says Anca Merdescu, Director Investment & Debt Advisory at Colliers Romania. 

Across the region, the average deal volume increased by 29% year-on-year to around €3.3 billion, but it fell by 41% compared to H1 2022. 

RECOMMENDED
CTP names new Managing Director for Romania
Real estate

CTP names new Managing Director for Romania

Industrial developer CTP has appointed Jovan Radosavljevic as its new Managing Director for Romania, tasked with overseeing the company's expansion in the country. 

Romanias retail market heads for 5 million sqm by 2026
Real estate

Romania's retail market heads for 5 million sqm by 2026

Romania's retail stock expanded by around 106,000 sqm during H1 2026, with another 205,000 sqm under development that could help the country reach the 5 million sqm milestone at the end of 2026, according to a Colliers report. 

RECOMMENDED FROM THE HOME PAGE
READ MORE
Business Forum  |  18 September, 2024 at 3:13 PM
Business Forum  |  18 September, 2024 at 1:00 PM