Business Forum • 20 January, 2026 at 3:28 PM
Romanian investors led the commercial real estate investment market in 2025, accounting for 34% of total transaction value worth €579.4 million, according to a study by Fortim Trusted Advisors, an alliance member of BNP Paribas Real Estate.
Romanian investors invested €193 million, followed by UK investors with €156 million (27%) and Hungarian investors with €52 million (9%). This marks a change from 2024, when Belgian investors ranked first, followed by Czech investors, with Romanian investors in third place.
Romanian investors acquired properties including the Winmarkt Someș shopping centre in Cluj-Napoca, Joy retail park in Calafat, Iride, Ethos, Pipera Business Tower and Henkel HQ office buildings in Bucharest, the Heineken factory in Constanța, and the Capitol hotel complex in Eforie Sud and Balada Hotel in Saturn.
"The increase in 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-capitalised local investors with clear strategies and 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.
The largest transaction was M Core's acquisition of seven retail parks for €57 million. Alfa Group's purchase of part of the Iride office complex in Bucharest for €55 million ranked second, followed by Hungarian investors' acquisition of Equilibrium for €52 million. Nicolae Ciobanu, Managing Partner at Fortim Trusted Advisors, expects continued high investor interest in retail parks, industrial-logistics, and well-positioned office assets in 2026.