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. 

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