According to the latest report by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance, Romanian investors ranked first in terms of commercial real estate acquisitions in Romania recorded in the first nine months of 2025.
During this period, domestic capital generated transactions totalling EUR 163.5 million, representing 31.9% of the total investment market volume. The portfolio of acquisitions made by Romanian investors included office buildings, shopping centers, a hotel, and an industrial park, confirming a clear trend toward diversification of investment placements.
“Romanian capital is visibly maturing, and more and more entrepreneurs are choosing real estate investments for their stability, yield, and diversification. In 2025, we are seeing increasingly active participation from local investors in the office and retail segments,” said Nicolae Ciobanu, Managing Partner – Head of Advisory at Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance.
The largest acquisition by a Romanian investor in 2025 was the purchase of the Ethos House office building in Bucharest by Pavăl Holding, for EUR 24 million. Other significant transactions, ranging between EUR 3 million and EUR 20 million, targeted office and retail properties in Bucharest and Romania’s main regional cities.
The second place in the ranking of investor nationalities is held by the United Kingdom, with total transactions of EUR 156 million. All these acquisitions were made by M Core, which purchased seven retail parks located in medium-sized Romanian cities, as well as the Focșani Mall shopping center.
Hungary ranks third, with a total volume of EUR 52 million, represented by the acquisition of the Equilibrium 1 office building (20,700 sqm) by the company Granit.
Apart from these three countries, the Romanian market also attracted individual investments in 2025 from Japan, Spain, Israel, Lebanon, Cyprus, and Belgium, although with smaller volumes.
