Romanian investors topped the commercial real estate acquisition rankings in the first nine months of 2025, according to a new report by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance.
Domestic capital generated transactions totalling €163.5 million, representing 31.9% of the total investment market volume. The portfolio included office buildings, shopping centres, a hotel, and an industrial park, showing clear diversification in investment placements.
"Romanian capital is maturing, and more entrepreneurs are choosing real estate investments for their stability, yield, and diversification. In 2025, we are seeing active participation from local investors in the office and retail segments," said Nicolae Ciobanu, Managing Partner, Head of Advisory, at Fortim Trusted Advisors.
The largest acquisition by a Romanian investor was Pavăl Holding's purchase of the Ethos House office building in Bucharest for €24 million. Other transactions, ranging between €3 million and €20 million, targeted office and retail properties in Bucharest and regional cities, including CSDA Siriului, Pipera Business Tower, and Winmarkt Someș in Cluj-Napoca.
The UK ranked second with €156 million in transactions, all made by M Core, which purchased seven retail parks and Focșani Mall. Hungary placed third with €52 million, represented by Granit's acquisition of the Equilibrium 1 office building (20,700 sqm). The Romanian market also attracted investments from Japan, Spain, Israel, Lebanon, Cyprus, and Belgium.
