23 investment transactions with average value of EUR 21.5 M concluded in Romania last year

2023 was a difficult year for the real estate investment market. In Europe, preliminary data shows that the total investment volume dropped by more than 50% compared to 2022. Romania attracted investments worth around 500 million Euro, 60% less than the previous year.

Last year, 23 investment transactions were concluded on the Romanian market, with an average value of 21.5 million Euro. 10 of these, with a total value of over 300 million Euro, were brokered by real estate agencies, with direct transactions totaling just over 185 million Euro.

Among the top transactions is an investment project by the “Carol Davila” University of Medicine and Pharmacy in Bucharest, both for the development of genomic research and a medical education center. This complex project involved the acquisition of two buildings in Bucharest, with a total value exceeding 15 million Euros.

”We are pleased to collaborate with the “Carol Davila” University of Medicine and Pharmacy and we are happy that we could internally support this broad approach to develop the material base, which supports the needs of medical education and research. This commitment has been reflected in all stages of our collaboration, even though the project involved two separate transactions for two separate buildings with different owners. The workload practically doubled, yet so did the satisfaction. Our team has worked intensively over the past few months to provide our clients with the right locations for which they needed to meet series of demanding criteria, tailored to the needs of medical education and research buildings. Yes, it has been a considerable effort, but nothing brings us more fulfilment than knowing that we have been able to support an important endeavor in the development and support of medical education and research.”, says Oana Popescu, Head of Residential at Crosspoint Real Estate.

“The process of identifying suitable buildings for scientific research and medical education has been a significant challenge, given the need for modern and functional space as well as strategic accessibility. These two acquisitions underline the commitment of the “Carol Davila” University of Medicine and Pharmacy to advance medical research in Romania and Eastern Europe as well as to provide an environment appropriate to current educational needs, thus contributing to the promotion of quality higher education and bringing significant benefits in the training of future medical professionals.”, adds Simona Urse, Associate Director Office Agency at Crosspoint Real Estate.

Another important transaction in the industrial segment, recorded last year in Romania was the sale of the production unit of SFC Solutions Automotive, a major producer of rubber profiles for the automotive industry, to WDP, one of the largest players on the industrial and logistics space market in Romania. The sale-and-leaseback transaction, worth EUR 10 million, represents one of the two investment transactions registered in the industrial segment in Romania during 2023.

“Such a transaction is truly a testament to the sustainability and maturity of the local industrial market. Through sale-and-leaseback, entrepreneurs and real estate investors can exploit significant opportunities, benefiting from liquidity and investment capital in exchange for long-term rental income.”, says Emilian Podaru MRICS, Head of Industrial & Logistics, Crosspoint Real Estate.

Crosspoint Real Estate was also sell-side consultant in the process of selling a portfolio of commercial spaces to a local private buyer.

“Despite the many challenges the real estate market went through in 2023, I can only be proud of the Crosspoint team’s dedication and strategic approach, qualities that helped us rank third in the top investment transactions involving real estate agencies. This success underlines our ability to adapt, thrive and deliver quality service, even in unpredictable and dynamic circumstances.”, says Codrin Matei, Principal Partner of Crosspoint Real Estate.