Property investor and asset manager Solida Capital has purchased the office project Victoria Center in Bucharest from Manova Partners, marking its first transaction in Romania and strategic expansion into CEE. The deal value was not made public.

Industrial developer Global Vision has announced the appointment of Antoanela Comșa as Deputy CEO. 

Western European investors have been the most active buyers of real estate assets in Romania over the past five years, making placements of €1.75 billion, according to data from Cushman & Wakefield Echinox.

Romania's housing market faced a significant imbalance in 2024, with new home deliveries falling 15% nationwide and over 20% in Bucharest, while demand rose by 7%, finds a Colliers report.

The real estate and construction sector was the most active in terms of the number of M&A transactions in Romania during 2024, accounting for 28% of the total market, which reached an estimated value of between €5.7 and €6.1 billion.

Scallier opens in March a new retail park in Arad, taking its national network to seven projects under the Funshop Park brand.

Industrial developer CTP has announced the expansion of its collaboration with freight transport manager Delamode in CTPark Bucharest industrial park.

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.

Scandia Română Development, the real estate division of the Scandia group, has announced the commencement of works on a new residential project in Sibiu.

Romania's construction industry maintained a high level of activity in 2024, despite a slight 4% decrease compared to the previous record year, according to data from the National Institute of Statistics (INS). However, compared to 2018, the volume of construction works was 78% higher during 2024.