AFI Europe has purchased the myhive Victoriei building in central Bucharest from Immofinanz for around €27 million. The new owner plans to turn the existing office building into a mixed-use project, with the conversion permit already secured.
The construction sector has reached historic highs, driven by massive EU fund investments and a quite active private sector.
Colliers: Logistics and industrial sectors remain in high demand for commercial property transactions.
The residential market started 2024 on a strong note, with an 18% increase in residential transactions in Bucharest in the first quarter compared to the same period last year.
Investment in production machinery and military equipment in Romania increased by 80% last year compared to the pre-pandemic period.
The hybrid working system has remained in practice in many companies even after the end of the pandemic, but the number of employees returning to the office is growing.
The first quarter of 2024 ended with real estate investments in Romania totalling €202 million, up 69% compared to the first three months of 2023.
In the rest of the country, however, demand in the residential market has seen an even higher increase of 19%.
Environmental, social, and governance (ESG) principles are no longer just a trend or a buzzword, but rather becoming the norm in the Romanian real estate market.
The management and maintenance costs of the office buildings in Colliers Romania's Asset Services portfolio increased by 9% last year compared to 2022.
The number of Romanian tourists staying in the country's hotels reached almost 7 million in 2023.
2023 ended with solid activity levels for industrial and logistics, with some 770,000 square meters of leasing deals closed.
13% of Romanians aged between 18 and 55 in urban areas are renters and around 18% share a home they do not own with parents
Private equity fund MidEuropa has agreed to sell private healthcare chain Regina Maria to Mehiläinen Group, the largest private healthcare provider in Finland backed by investment fund CVC.
Romania's insurance market saw a total volume of gross written premiums of RON 23.4 billion (€4.7 billion) during 2024, up 11% compared to the previous year, according to a report by the Financial Supervisory Authority (ASF).
Romania's informal economy represents about one eighth of its GDP, according to an EY report.
Public food service company Sphera Franchise Group has earmarked approximately RON 100 million (around €20 million) for investments in 2025.
Vista Bank Romania has agreed to take over the loan portfolio of Eurobank's former subsidiary in Romania Bancpost.