ARTICLES LABELLED WITH TAG Fortim Trusted Advisors

Bucharest has cemented its position as one of Europe's most affordable business hubs, ranking fourth for prime office rents, according to the latest report from BNP Paribas Real Estate. 

Nicolae Ciobanu, Managing Partner – Head of Advisory at Fortim Trusted Advisors, talked to Property Forum about the firm’s growth in office leasing and land transactions, as well as the outlook on rents and the role of the defense sector in boosting industrial demand going forward.

Timișoara emerged as the sole Romanian city to experience growth in the office leasing market during H1 2025, defying a national downturn, according to a report by Fortim Trusted Advisors.

The Romanian commercial real estate market saw a total investment volume of €155.8 million, with UK-based capital accounting for 68% of these deals, according to a study by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate.

Investment in the hotel sector is experiencing a significant upswing, with Romania witnessing a 56% increase in 2024 versus 2023, reaching €69.3 million. This trend aligns with a broader European surge, where hotel investments reached €20.5 billion, marking a 70% rise and establishing hotels as the leading asset class.

Cluj-Napoca recorded a fourfold growth in office leasing in 2024 and was the biggest regional market for such transactions, according to a Fortim Trusted Advisors analysis.

The Fortim group of companies, part of the BNP Paribas Real Estate alliance, recorded a turnover of around 11 million lei (€2.2 million) in 2024, up by 37 year-on-year, due to the diversification of its real estate consultancy services. 

KÉSZ Group has announced that its Corallis residential complex in Bucharest has already sold homes amounting to around €11.5 million, which accounts for 27% of the whole residential stock in the project. 

Investors originating from Belgium had the biggest share in Romania’s commercial property sector in the first eight months, according to a Fortim Trusted Advisors study. 

Fortim Trusted Advisors has announced the start of apartment sales in the Corallis residential project developed by KÉSZ Romania in northern Bucharest.