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.
Romania is increasingly attracting international investors due to its competitive technological capabilities and a conducive ecosystem for AI development, finds a new CBRE report.
Timișoara has emerged as the leading regional office market in Romania in Q1 2025, with companies leasing 63% of all office spaces transacted outside Bucharest, according to a report by Fortim Trusted Advisors.
Companies in IT, manufacturing, industry, and the medical and pharmaceutical sectors were the most active in Romania's office rental market over the past five years, generating over half of the demand for new space.
The Timișoara City Hall recently approved the Zonal Urban Plan (PUZ) for a new urban regeneration project by Țiriac Imobiliare, owned by Romanian billionaire Ion Țiriac.
The Romanian land market totalled around €450 million in 2024, a figure similar to 2023, with the residential sector generating the highest volume of transactions, according to estimates by Colliers Romania.
Sales of houses and apartments increased by 7.6% in Bucharest and Ilfov region, in 2024, compared to 2023, according to an analysis by SVN Romania. During the same period, national sales increased by 6.6%.
Industrial developer VGP has completed a new warehouse spanning 32,768 sqm in its Timișoara-based park, with more than half of its surface already leased by Continental Tires.
Lagardère Travel Retail has renewed its 2,300 sqm office lease for its HQ at the Bucharest-based Globalworth Campus, in a deal brokered by Cushman & Wakefield Echinox.
Jack & Jones has leased 310 sqm for a new store at Promenada Sibiu, owned by NEPI Rockcastle.
Palas Campus, Romania's largest office building, is set to host the new regional hub for BCR starting this autumn. The HQ will occupy a surface area of approximately 1,000 sqm and will serve clients from the local county and adjacent regions.
New appointments
NEPI Rockcastle has nominated Zelda Roscherr as an Independent Non-Executive Director. Roscherr will stand for election at the Annual General Meeting (AGM) in May 2026. André van der Veer, currently an Independent Non-Executive Director, will retire at the conclusion of the AGM and will not seek re-election.
Panattoni has promoted Nick Cripps to the position of Head of International Capital Markets for Europe, the UK, the Middle East, and India. Based in London, Cripps is tasked with leading the firm’s global capital markets strategy across 18 diverse markets. He joined Panattoni five years ago as Head of UK Capital Markets.
PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.
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