Romania's office deal-making starts with best Q1 in decade

Business Forum
Romania's office investment market recorded its strongest first quarter in a decade, with transactions totalling approximately €130 million, according to Colliers data. This represents more than triple the average for January-March periods over the past 10 years and signals renewed investor interest despite economic and geopolitical uncertainties.

Three major transactions drove the strong performance: Skanska's sale of the second Equilibrium building to funds managed by Gránit Asset Management, Atenor's disposal of the @Expo project to Equora Capital, and INNO Investments' acquisition of Record Park through the BT Property fund. These deals are notable not only for their value but also because they involve new or relatively new market entrants, indicating expansion and diversification of the active investor base.

"The start of the year offers a positive outlook for the real estate investment market and demonstrates that certain investors are betting on the resilience and growth potential of the local economy, managing to look beyond short-term uncertainties," said Robert Miklo, Head of Capital Markets at Colliers Romania. The office segment remains below historical peaks of €400-500 million per quarter but exceeds the average quarterly volume of €100 million recorded over the past decade.

Interest in office assets is supported by changing work patterns, with companies increasingly encouraging employees to return to offices for more days per week to boost collaboration and productivity. This trend contributes to restoring the segment's attractiveness among investors.

Against this strong start and a solid pipeline of transactions at various negotiation stages, prospects for 2026 remain positive. Colliers expects total real estate investment volumes could exceed the historical annual average of approximately €800 million across all market segments, even in an unpredictable global context.

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