News Article CEE hotel industrial investment iO Partners JLL office retail Romania
by Property Forum | Investment

The retail sector accounted for 58% of the total investment transaction volume that reached €500 million during 2023 in Romania, according to data from iO Partners in collaboration with JLL.

By far the largest retail deal closed in 2023 was the sale of Mitiska’s retail portfolio, composed of 25 retail parks spread across Romania to LCP part of M Core, for €219 million. 

The office sector came second with a share of 17% of all property investment deals closed in 2013. The biggest transaction was the sale of One Herăstrău Office in Bucharest for €21 million.

In the meantime, the industrial investments totaled €75 million, holding a share of 15% of all deal volumes. The biggest transaction was CTP’s purchase of FM Logistic’s industrial portfolio spanning 98,000 sqm.

”The number of deals above €5 million concluded in Romania in 2023 decreased by a third to 24. Moreover, the average deal size decreased by approximately 40%, to €20.7 million. Domestic investors were only responsible for 23% of the investment volume,” said Andrei Drosu, Senior Consultant at iO Partners.

In the hotel segment, there were five transactions with a combined value of  €40.7 million, down 29% year-on-year. Hotels had a share of 8% in total transactions  volume in 2023, with an average size of €8 million.

In the CEE, total investments in commercial real estate amounted to €5.1 billion in 2023.