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 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 homes funded by bank loans rose by 40% during H1 2024 compared to the same period of last year over the reduction of interest rates and the increase in transaction prices, according to transactions brokered by RE/MAX Romania.
Bucharest’s short-term rental industry is expected to outperform the previous year's level and has already recorded estimated revenues close to €24 million in H1 2024, according to a Crosspoint Real Estate report.
Grand Development, founded by Romanian entrepreneur Ionuț Nicolescu, has closed a partnership with Radisson Hotel Group for the opening of its first five-star villas resort in Romania, near Brașov.
Henkel will relocate its operations to the second building of Skanska's Equilibrium complex in Bucharest, in Q3 2025. The transaction was brokered by iO Partners.
Igepa Polska has leased approximately 7,650 sqm of space at the MLP Łódź logistics centre (central Poland), which includes offices, a showroom, and a terrace. The transaction was facilitated with the support of the consulting firm Newmark Polska.
Grammarly, a global AI service provider developing spell correction technology, has opened its new European headquarters in CPI Property Group's Warsaw Financial Center office building. The company has taken over 1,000 sqm of space. JLL experts supported the tenant in the transaction and legal advice was provided by Baker McKenzie law firm.
New appointments
The Valuation Department at consultancy Savills has strengthened its team. The new members are Karolina Sabatowska-Gomułka as Associate Director and Magdalena Ziółkowska as Consultant.
Bartosz Frąckowiak has become the new head of the CBRE office in Poznań (western Poland). He will be responsible for the integration of all CBRE business lines in the Wielkopolska region.
Marta Zawadzka has TriGranit as Head of Leasing and Asset Management. Returning to the company after nearly a decade, Marta will oversee leasing activities for key projects, including Signum in Warsaw and Bonarka for Business in Kraków.
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