Real Estate Investments in Romania Hit €750M in 2024, Up 58%

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Real estate investments in Romania reached 750 million euros in 2024, up 58% from the previous year, but slightly below the annual average of 800 million euros over the last decade, according to the annual report published by Colliers.

The report says that Romania emerged as a regional leader, outperforming the other five major economies in Central and Eastern Europe – Bulgaria, the Czech Republic, Hungary, Poland and Slovakia. Transaction activity was dominated by industrial assets, with a volume of almost 300 million euros, marking 2024 as a record year for this investment category.
The most important transactions include the sale of Globalworth’s industrial portfolio, partly owned together with Global Vision, for 278 million euros, carried out in two separate agreements. For 2025, the real estate market prospects are mixed, say Colliers consultants, explaining that the main challenge comes from the domestic context, marked by political uncertainty generated by the cancellation of the presidential elections and a high cost of risk, caused by economic imbalances.
“Compared to the previous year, 2024 was a much more active year and ended with a solid result. The strong transaction dynamics observed during the year continued in 2025, with several major agreements still in progress. These increases in transaction activity confirm that the relatively low volume of investments in Romania, compared to Poland, is more the result of a lack of available products, rather than a lack of interest. Banks remained involved, facilitating access to financing. This year we expect the positive dynamics to continue, with good premises to exceed the performance of 2024”, explains Robert Miklo, Partner, Head of Capital Markets Colliers.
The largest transactions of the year were the sales of Globalworth’s industrial portfolio. CTP acquired 270,000 square meters of rentable warehouses and land for expansion in several cities for approximately 168 million euros. At the same time, WDP bought a 136,000 square meter portfolio, owned by Globalworth and GlobalVision, for approximately 110 million euros. In addition, WDP also acquired Expo Market Doraly, a commercial park located north of Bucharest, for an estimated amount of 90 million euros. Another important transaction was the sale of The Landmark office complex, located in the central business district, to African Industries Group, backed by Indian capital. This is the first major transaction with Indian capital in commercial real estate in Romania and has contributed to stabilizing yields for premium offices, according to Colliers consultants.
Other significant acquisitions last year included two retail parks bought by BT Property, the real estate fund of Romania’s largest bank, consolidating a new type of capital on the market. Meanwhile, Mureș Mall in Târgu Mureș was acquired by the local medical university, with the aim of transforming it into an educational space. This transaction is part of a growing list of recent acquisitions by local authorities, involving considerable investment.
Yields remained stable in 2024, at 7.25% for prime shopping centres, 7.50% for premium offices and 7.75% for prime industrial assets, with a slight increase of 0.25 percentage points for the latter. This adjustment, Colliers specialists explain, does not necessarily reflect a correction, but rather an adjustment based on the transactions carried out, which confirmed the current levels. It is also worth noting that recent transactions with well-performing and recently opened retail parks in regional cities have closed with yields around 8%, sometimes even below this level. In terms of financing, banks remain open and comfortable with current prices, supporting well-performing products, especially in the industrial and retail sectors. At the same time, state-of-the-art office spaces are gradually returning to the attention of investors, after a decline caused by the trend of remote working.
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