ARTICLES LABELLED WITH TAG 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. 

The office leasing volume closed in H1 2024 grew by 0.2% compared to the same period of last year, with Bucharest seeing the biggest activity, followed by Cluj-Napoca and Timișoara, according to a report by Fortim Trusted Advisors.

Costin Nistor, Managing Director of Fortim Trusted Advisors, spoke with Property Forum about the agency’s goal to achieve at least 20% growth in 2024 after launching new business lines and focusing on segments with development potential in the commercial and residential areas.

Real estate investments in Romania reached €205.75 million during Q1 2024, up 33% year-on-year, driven by the retail sector, shows a Fortim Trusted Advisors report.