Real estate investments in Romania reached €205.75 million during Q1 2024, up 33% year-on-year, driven by the retail sector, shows a Fortim Trusted Advisors report.
One of the largest retail deals closed this spring was WDP’s purchase of wholesale retail park Expo Market Doraly from ARA Europe and Romanian investor Gheorghe Iaciu.
The agency’s data shows that of the total investment volume, 67% was attracted by the retail segment. The industrial sector recorded deals worth €12.7, followed by the office and hotel segments with €10.5 million and €44 million, respectively.
Moreover, commercial real estate investment in Bucharest accounted for 68% of the total volume recorded nationally in Q1 2024.
Investment products in the food retail segment or small retail parks attract local investors due to lower coupons and stable yields, according to Ștefan Oană, Head of Capital Markets at Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance.
“On the other hand, industrial and logistics assets continue to be the focus of negotiations, due to the relatively low stock compared to other countries in the CEE region and the forecast of increasing demand in this segment due to infrastructure development in recent years and Romania's entry into Schengen,” added Oană.
For the rest of this year, the agency expects industrial and office projects to drive the investment market.
