Friday, 6 February 2026
In 2025, the total volume of investments in commercial properties in Romania reached EUR 579.4 million, according to a study conducted by Fortim Trusted Advisors, an alliance member of the BNP Paribas Real Estate. Romanian investors held the largest share of total invested capital, accounting for 34% of transaction value, EUR 193 million.
Second place was taken by investors from the United Kingdom, with 27% of the total and investments EUR 156 million, followed by Hungarian investors with 9%, equivalent EUR 52 million.
“The significant increase in the share of Romanian investors reflects the maturation of the local market and growing confidence in the long-term potential of commercial real estate assets in Romania. We see well-capitalized local investors with clear strategies and an increased appetite for diversification, covering all four real estate segments: offices, retail, industrial and hotels,” said Ștefan Oana, Head of Capital Markets at Fortim Trusted Advisors, an alliance member of the BNP Paribas Real Estate.
The largest transaction of 2025 was carried out by M Core, which acquired seven retail parks located in smaller cities for EUR 57 million. Second place was taken by a transaction involving Romanian capital: Alfa Group purchased part of the IRIDE office complex in the Pipera area of Bucharest for EUR 55 million. Third place was occupied by the Equilibrium transaction, acquired by Hungarian investors from Gordiusz Private Equity Fund for EUR 52 million.
One of the most important transactions expected in 2025 in the industrial segment—the acquisition of the P3 portfolio by CTP—did not receive approval from the Competition Council. Under these circumstances, the total investment market volume remained, at year-end, below the level recorded in 2024.
“In 2026, investor interest will remain high in the retail park segment, which continues to benefit from high occupancy rates, in the industrial-logistics segment, which has the greatest investment potential supported by the expansion of road infrastructure, as well as in the office segment. In this case, investors are particularly attracted by market opportunities generated by pricing levels and seller flexibility, if office assets are located in well-positioned areas,” estimates Nicolae Ciobanu, Managing Partner – Head of Advisory at Fortim Trusted Advisors, an alliance member of the BNP Paribas Real Estate.
