Fortim Trusted Advisors

EBRD signs €40 million guarantee with Libra Internet Bank in Romania
EBRD signs €40 million guarantee with Libra Internet Bank in Romania 1200 722 BUCHAREST REAL ESTATE CLUB
  • EBRD signs its first InvestEU facility in Romania’s financial sector with Libra Internet Bank
  • Libra Internet Bank to expand green lending for buildings and transport
  • Project supports Romania’s climate goals and EBRD’s green transition priorities

The European Bank for Reconstruction and Development (EBRD) is partnering with Libra Internet Bank S.A. to provide a portfolio guarantee of up to €40 million under the InvestEU programme, supported by funding from the Romanian Recovery and Resilience Facility. This is its first InvestEU facility in Romania’s financial sector.

This innovative risk-sharing instrument will enable Libra to scale up financing for green projects in Romania, focusing on energy-efficient buildings and sustainable transport, and will help bridge the funding gap for sustainable energy investments to support Romania’s transition to a low-carbon economy.

The EBRD’s guarantee will enable Libra to allocate €50 million to eligible green projects, ensuring a strong impact on energy savings and emissions reduction.

Libra Internet Bank, a mid-sized Romanian bank, has a strong track record in digital innovation and solid and increasing interest in green financing. EBRD support will enhance Libra’s ability to expand its role in Romania’s green economy.InvestEU is a flagship initiative of the European Union aimed at supporting strategic investments in sustainable infrastructure, research, innovation, digitalisation, small and medium-sized businesses, and social investment and skills. It provides a guarantee mechanism to unlock financing that might not otherwise be available, focusing on projects that promote long-term growth and resilience.

The EBRD is one of the leading implementing partners of the InvestEU Programme and deploys portfolio risk sharing instruments for financial intermediaries across the EU economies where it invests. By working with local financial institutions and market players, it ensures that InvestEU support is delivered efficiently and aligned with regional needs and opportunities.

EBRD Head of Romania Victoria Zinchuk said: “This agreement with Libra Internet Bank is an important boost for Romania’s green transition. By broadening access to finance for energyefficient buildings and cleaner transport, we are helping Romanian households and businesses save costs, reduce emissions, and become greener and more sustainable. Through InvestEU, together with Libra Internet Bank, we are proud to support investments that strengthen Romania’s resilience and enhance its longterm competitiveness.”

“The partnership between Libra Internet Bank and the European Bank for Reconstruction and Development for financing green projects in Romania reaffirms our strong commitment to supporting the transition towards a low‑carbon economy. Together with the EBRD, one of Romania’s leading institutional investors, we will turn business plans into achievements that benefit our clients, the environment, and our communities,” said Cristina Mahika‑Voiconi, CEO of Libra Internet Bank.

Alongside the guarantee, to strengthen green lending operations, EBRD will also deliver to Libra and final borrowers dedicated technical assistance funded through the InvestEU Advisory Hub. The project will be complemented by the EBRD’s Digital Transformation Support Programme, to help Libra build internal AI capacity to optimise customer experience.

The InvestEU programme provides the European Union with crucial long-term funding by leveraging substantial private and public funds in support of a sustainable recovery and growth. It also helps mobilise private investments for the European Union’s policy priorities, such as the European Green Deal and the digital transition.

The EBRD is a major institutional investor in Romania. To date it has invested more than €12.4 billion in 589 projects.

2026 Trends with Ioana Țălnariu, Voelkel Real Estate
2026 Trends with Ioana Țălnariu, Voelkel Real Estate 603 600 BUCHAREST REAL ESTATE CLUB

26.02.2026

Ioana Țălnariu, Voelkel Real Estate Romania

What were the main business results for 2025?

For VÖLKEL Real Estate Group, 2025 was a strong growth year for VÖLKEL Real Estate Group. We secured several high-profile management mandates for landmark mixed-use properties in prime German city-center locations, including the Kaufmannshaus in Hamburg, the former stilwerk building in Düsseldorf, and the Gäubodenpark in Straubing. These projects further strengthened our position as a specialist for complex, mixed-use commercial assets with development potential.

For VÖLKEL Real Estate Romania, 2025 marked our market entry phase. We launched the first tenders for Center Management, Property Management, and Accounting services and began negotiations for our initial mandates. In parallel, we started a strategic AI collaboration to increase operational efficiency and scalability from the outset.

What are the company’s business targets and plans for 2026?

Our key objective for 2026 is to expand our footprint in the Romanian market and establish VÖLKEL as a trusted provider of professional Center Management, Property Management, and Accounting services. We will focus on retail, logistics, shopping centers, and office assets.
Strategically, we will continue integrating AI-driven tools into daily operations to improve efficiency, remain price-competitive, and reduce operational risk.

WWhat economic pressures or regulatory and fiscal changes do you anticipate impacting the market in 2026, and how is your company preparing for them?

Across both Germany and Romania, we expect continued pressure from interest rates, inflation-driven operating costs, workforce shortages, and increasing ESG and reporting requirements.
In Romania specifically, ongoing regulatory alignment with EU standards and potential fiscal adjustments will shape the market. We are preparing through digitalization, standardized processes, and flexible operating models, allowing us to respond quickly while maintaining service quality.

What do you see as the main risks for the Romanian real estate market in 2026? Where do you see the most attractive opportunities for growth?

The main risks are macroeconomic volatility, rising costs, and inconsistent management standards across the market.
At the same time, the biggest opportunity lies in the growing demand for professional, transparent, and technology-driven real estate management, particularly in retail parks, logistics, and well-located office properties.

Which players or strategies are going to be winners in 2026?

The winners will be agile players who adapt quickly to economic change, invest in digitalization and AI, and deliver integrated, high-quality management services. Companies that combine local market knowledge with international best practices and a strong focus on efficiency will clearly outperform.

2026 Trends with Alexandros Diamantis, Medcity
2026 Trends with Alexandros Diamantis, Medcity 1200 600 BUCHAREST REAL ESTATE CLUB

24.02.2026

Alexandros Diamantis, Managing Director, Medcity

What were the main business results for 2025?

2025 marked an important milestone for our company through the successful completion of the Timisoara project, which added a new facility to the MEDCITY network and expanded our footprint in one of Romania’s strongest regional healthcare markets.

This new location strengthens our national presence and reinforces our positioning as the only developer in South-Eastern Europe dedicated exclusively to medical infrastructure.

What are the company’s business targets and plans for 2026?

n 2026, our focus will be twofold.

First, we aim to consolidate the performance of our existing medical portfolio and continue expanding our healthcare real estate platform.

Second, we are actively exploring and analyzing entry into the office segment, assessing how our expertise in compliance-driven, high-specification developments could translate into adjacent asset classes. This represents a strategic diversification opportunity, while maintaining our core strengths in quality, safety and long-term tenant partnerships.

WWhat economic pressures or regulatory and fiscal changes do you anticipate impacting the market in 2026, and how is your company preparing for them?

We expect inflationary pressures to gradually ease compared to previous years. However, the fiscal measures and increased taxation introduced last year may continue to weigh on consumption and investment appetite across the economy.

That said, our business model has proven resilient in such environments. Healthcare real estate benefits from structural, non-cyclical demand, as medical services remain essential regardless of broader economic fluctuations.

We prepare by:

  • maintaining conservative financial planning,
  • securing long-term leases,
  • focusing on operational efficiency, and
  • prioritizing locations and tenants with stable fundamentals.

This disciplined approach allows us to mitigate volatility and protect occupancy levels.

What do you see as the main risks for the Romanian real estate market in 2026? Where do you see the most attractive opportunities for growth?

The main risks we foresee include:

  • slower residential development due to affordability constraints and higher prices,
  • workforce reductions in certain sectors, particularly IT, which could reduce office space demand,
  • and overall caution from investors in a still-uncertain macroeconomic climate.

However, opportunities remain strong in specialized and needs-based segments.

We see continued growth potential in:

  • healthcare real estate,
  • and custom-built, compliance-ready spaces where demand is driven by long-term demographic trends rather than short-term cycles.

These sectors offer more stability and predictable occupancy compared to traditional real estate classes.

Which players or strategies are going to be winners in 2026?

The winners will likely be developers and investors who:

  • focus on specialized, resilient asset classes rather than generic supply,
  • prioritize long-term tenant partnerships over speculative development,
  • maintain financial discipline,
  • and deliver high-quality, compliant spaces tailored to operators’ operational needs.

In our view, real estate strategies built around essential services — such as healthcare — will continue to outperform, as they combine social relevance with strong, defensive fundamentals.

2026 Trends with Lucian Grosaru, Sema Real Estate
2026 Trends with Lucian Grosaru, Sema Real Estate 1200 600 BUCHAREST REAL ESTATE CLUB

24.02.2026

Lucian Grosaru, CEO, Sema Real Estate

What were the main business results for 2025?

2025 was a breakthrough year. We launched Sema Home, our first residential development, and the market response has been exceptional.

Pre-sales opened in mid-October. By now, buyers have already reserved more than a third of the 301 apartments. That speed confirms strong market demand.

What we are seeing is validation of our core thesis: buyers increasingly prioritize location, transit access, and integrated amenities over standalone residential buildings. The Sema Parc Masterplan was designed around this insight, and the sales performance demonstrates that buyers value this approach.

The broader trend is clear. Mixed-use developments with functional infrastructure are gaining market share at the expense of isolated apartment towers.

What are the company’s business targets and plans for 2026?

On the residential side, we aim to maintain momentum with Sema Home by completing the first phase and preparing subsequent stages for launch. The demand is there.

Beyond that, we have two priorities. First, strengthen our office and mixed-use portfolio where we see value creation opportunities. Second, advancing the next phases of development within Sema Parc. Our strategy is to build out the full masterplan rather than pursuing scattered sites. This allows us to create genuine neighborhood value and benefit from the infrastructure and community we are establishing.

Across all activities, energy efficiency and operational performance remain central. Market expectations have shifted. Buildings that underperform on energy costs will face competitive pressure within five years.

WWhat economic pressures or regulatory and fiscal changes do you anticipate impacting the market in 2026, and how is your company preparing for them?

2026 will be challenging. Inflation persists, labor costs continue rising, and construction material prices remain volatile. Recent VAT changes and new compliance requirements added further cost pressure.

On the regulatory side, tighter market discipline rules raise standards but also increase procedural and financial complexity. This is beneficial long-term but adds immediate cost.

Our response focuses on three areas. First, disciplined financial planning with conservative assumptions. Second, flexible supplier contracts that avoid locking in unfavorable pricing. Third, diversified procurement to reduce dependency on single sources.

We are also accelerating digitalization to improve operational efficiency. While we cannot control external cost pressures, we can control our operational response to them.

What do you see as the main risks for the Romanian real estate market in 2026?

The primary risk is uncertainty. Macroeconomic instability and geopolitical tension reduce investor confidence, tighten financing conditions, and disrupt supply chains. Projects with solid fundamentals six months ago may no longer be viable.

Domestically, slow permitting processes and insufficient new residential supply create additional constraints. Construction cost volatility makes long-term project commitments difficult.

The greatest concern is developer consolidation. Projects lacking disciplined financials or conservative planning assumptions will face severe pressure. The market will reveal which developments were built on solid fundamentals versus optimistic projections.

The market will survive. Not all participants will.

Where do you see the most attractive opportunities for growth in 2026?

Location remains paramount, but context matters increasingly. The strongest opportunities are in mixed-use developments within neighborhoods that have functional infrastructure: reliable transit, utilities, and road systems.

Successful projects will reflect current lifestyle preferences rather than outdated models. Energy-efficient buildings are now baseline requirements. Buyers and tenants evaluate operating costs, and buildings with poor energy performance will lose competitive positioning.

Energy infrastructure itself represents significant opportunity. Solar installations, battery storage, and systems that reduce long-term operating costs deliver both financial returns and asset value appreciation.

The pattern is clear: projects that reduce costs, increase convenience, or improve quality of life will find demand. Undifferentiated residential products will be a struggle.

Which players or strategies are going to be winners in 2026?

Winners will be developers who execute reliably. In a difficult market, delivery capability separates viable players from the rest. This requires adequate capital, operational experience, and a verifiable track record.

Financial strength is essential. Developers who survive will be those who planned for adverse scenarios rather than only favorable outcomes. Business models dependent on optimal conditions represent excessive risk.

Successful developers also recognize that buildings must evolve. Mixed-use spreads risk. Energy efficiency protects value. These are requirements, not preferences.

The decisive advantage is reputation. In a cautious market, trust matters more than marketing. Developers known for on-time, on-budget delivery secure opportunities before formal negotiations begin.

2026 Trends with Dan Crăciunescu, West Group
2026 Trends with Dan Crăciunescu, West Group 900 600 BUCHAREST REAL ESTATE CLUB

19.02.2026

Dan Crăciunescu, Founder, West Group

What were the main business results for 2025?

In 2025, we accelerated our growth and diversification across Romania and Germany, supported by an integrated model that combines construction, materials and development.

In the first nine months of the year, West Group recorded consolidated revenues of over €65 million, which already exceeded the annual objective we set at the beginning of 2025. We operated with over 800 colleagues across 25 active projects and our revenue mix showed a healthy diversification. The largest share came from Civil & Industrial Construction, followed by Concrete Production and then Real Estate & Logistics Development.

A major strategic step for us was the full acquisition of the iResidence residential project in August 2025, which strengthened our development platform and our ability to control delivery quality end-to-end.

What are the company’s business targets and plans for 2026?

For 2026, our target is to reach approximately €75 million in consolidated turnover. We will continue to build momentum on iResidence with a strong focus on execution discipline, regarding quality, timelines and a predictable customer journey, because in a more selective market, credibility and delivery matter more than ever.

On the materials side, through West Beton, we plan to continue modernization and regional expansion, keeping an investment envelope consistent with what we’ve been doing recently, worth over €2.5 million in 2026, similar to 2025.

In parallel, we will keep scaling and delivering complex contracts in Germany, which provide stability and volume, while continuing to strengthen our internal systems, such as procurement, planning, cost control, digitalization and sustainability, so that we remain competitive even under cost and financing pressure.

What economic pressures (e.g., inflation, interest rates, work force issues) or regulatory and fiscal changes do you anticipate impacting the market in 2026, and how is your company preparing for them?

We expect 2026 to remain shaped by inflationary pressure, high input costs, financing constraints and continued workforce and material challenges, with an added layer of uncertainty coming from the regional geopolitical context.

On top of that, the regulatory framework is becoming more demanding, and we should assume that fiscal changes and compliance requirements will continue to influence costs, timelines and the bankability of projects. Our preparation is very practical.  We secure critical resources earlier, we centralize procurement to reduce exposure to volatility and we run tighter budgeting and scheduling so we can protect delivery even when conditions change.

A major change we’re addressing head-on is the shift in how residential projects are financed and how buyers and banks evaluate them under Law 207/2025. We are actively strengthening our banking partnerships and working with more structured, lender-ready financing solutions, such as pre-approved credit lines, because the market advances toward models that require stronger governance and traceability.

What do you see as the main risks for the Romanian real estate market in 2026? Where do you see the most attractive opportunities for growth in 2026?

The biggest risks are fiscal and legislative unpredictability, the higher cost of capital and tougher lending standards, and construction-cost volatility that can hit margins and deadlines at the same time. Another risk is that the market will become less forgiving, as buyers and banks will penalize low transparency, unclear legal structures and weak project discipline faster than before. This will widen the gap between projects that are truly bankable and deliverable and projects that may look attractive on paper but cannot sustain compliance, financing and execution pressure in real life.

We see opportunity where real demand meets serious execution. In residential, the attractive lane is energy-efficient product with predictable operating costs, developed and delivered by teams that can show documentation, progress and financial discipline in a way that banks and buyers can verify.

From an operating perspective, there is also strong opportunity in supply-chain adjacency, e.g. materials, concrete production and disciplined procurement, because it provides resilience and helps manage cost risk when markets are uneven.

Which players or strategies are going to be winners in 2026?

The winners in 2026 will be the players that combine three things: financial discipline, transparency and execution capability. Strategies that will outperform are those built on bankable governance, clear legal frameworks, standardized documentation, milestone-based controls and operational rigor, meaning early procurement, cost control, and strong project management. Integrated platforms that reduce supply-chain friction will also have an edge, because they allow better predictability and faster reaction when conditions change.

2026 Trends with Costin Nistor, Fortim Trusted Advisors
2026 Trends with Costin Nistor, Fortim Trusted Advisors 621 600 BUCHAREST REAL ESTATE CLUB

19.02.2026

Costin Nistor, Managing Director, Fortim Trusted Advisors

What were the main business results for 2025?

In 2025, our Advisory business line delivered the strongest results, especially in office leasing, real estate consultancy, valuation, and capital markets.

The largest transaction of our year was a pre-lease, build-to-suit transaction for Medicana Hospital, a new entrant to the Romanian market, covering a total area of 22,000 sqm, in Nusco City.

What are the company’s business targets and plans for 2026?

In 2026, our strategic focus is on scaling the Residential business line into a fully integrated investment platform. This includes expanding our expertise across the entire value chain, from land acquisition and feasibility analysis to planning, research, and high-performing services such as sales and marketing for residential developments.

What economic pressures (e.g., inflation, interest rates, work force issues) or regulatory and fiscal changes do you anticipate impacting the market in 2026, and how is your company preparing for them?

The biggest challenge for the Romanian real estate market remains the frequent changes in taxation and fiscal regulations, along with the cascading effects of adjustments to VAT.

These shifts have a particularly strong impact on the Property Management and Residential segments. In response, our team has adopted new, fully digitalized working tools that allow for rapid system adjustments and ensure maximum transparency for our clients, whether they are owners of commercial buildings, tenants, or investors in residential developments.

What do you see as the main risks for the Romanian real estate market in 2026? Where do you see the most attractive opportunities for growth in 2026?

The biggest risk is the unpredictability of legislation, which directly impacts financing costs. This challenge can only be mitigated once inflation decreases substantially, and the business environment becomes more stable and positive. Officials at the National Bank of Romania remain optimistic and are targeting inflation below 5% in the second half of the year, which could represent a positive signal for the real estate market.

In terms of growth opportunities, retail parks continue to stand out, both from a development and acquisition perspective. The residential segment also offers solid potential, provided there is a strong focus on careful location analysis, a clear understanding of the target audience, and well-defined customer segmentation.

Which players or strategies are going to be winners in 2026?

In real estate, the companies that succeed are those that understand the need to embrace AI and digitalization, as our industry is undergoing a profound transformation. Fortim Trusted Advisors, an alliance member of the BNP Paribas, benefits from a strong competitive advantage: our shareholders are local, and we have already made the strategic decision to integrate new technologies into our workflows. This tech-driven approach delivers speed, data transparency, and smarter outcomes, creating tangible value for both our current and future clients.

FORTIM Study: Romanian Investors Lead the Commercial Real Estate Investment Market in 2025
FORTIM Study: Romanian Investors Lead the Commercial Real Estate Investment Market in 2025 538 600 BUCHAREST REAL ESTATE CLUB

In 2025, the total volume of investments in commercial properties in Romania reached 579.4 million euro, according to a study conducted by Fortim Trusted Advisors, an alliance member of the BNP Paribas Real Estate.
Romanian investors held the largest share of total invested capital, accounting for 34% of transaction value, 193 million euro.

Second place was taken by investors from the United Kingdom, with 27% of the total and investments 156 million euro, followed by Hungarian investors with 9%, equivalent 52 million euro.

This structure marks a significant change compared to 2024, when Belgian investors ranked first, followed by Czech investors, while Romanian investors were in third place.

Among the most important commercial properties acquired by Romanian investors in 2025 are the Winmarkt Someș shopping center in Cluj-Napoca, the Joy retail park in Calafat, the Iride, Ethos, Pipera Business Tower and Henkel HQ office buildings in Bucharest, the Heineken factory in Constanța, as well as the Capitol hotel complex in Eforie Sud and the Balada Hotel in Saturn.

“The significant increase in the share of Romanian investors reflects the maturation of the local market and growing confidence in the long-term potential of commercial real estate assets in Romania. We see well-capitalized local investors with clear strategies and an increased appetite for diversification, covering all four real estate segments: offices, retail, industrial and hotels,” said Ștefan Oana, Head of Capital Markets at Fortim Trusted Advisors, an alliance member of the BNP Paribas Real Estate.

A single investor from the United Kingdom, M Core, purchased retail parks and shopping malls in secondary cities with a total value ofeuro156 million, placing this nationality second in terms of total transaction volume.

TARA INVESTITORI VALOARE 2025 (MIL. EURO)
ROMÂNIA 193
MAREA BRITANIE 156
UNGARIA 52
ISRAEL 40
JAPONIA 35
LIBAN 30
TURCIA 15,8
BELGIA 15
CIPRU 6,4
GRECIA 4,2
n/a 20

Top 3 Transactions of 2025 

The largest transaction of 2025 was carried out by M Core, which acquired seven retail parks located in smaller cities for 57 million euro.
Second place was taken by a transaction involving Romanian capital: Alfa Group purchased part of the IRIDE office complex in the Pipera area of Bucharest for 55 million euro.
Third place was occupied by the Equilibrium transaction, acquired by Hungarian investors from Adventum for 52 million  euro.

One of the most important transactions expected in 2025 in the industrial segment—the acquisition of the P3 portfolio by CTP—did not receive approval from the Competition Council. Under these circumstances, the total investment market volume remained, at year-end, below the level recorded in 2024.

The largest transaction in the industrial segment was the acquisition of a tire factory in Mehedinți County for 35 million euro by a Japanese company.

“In 2026, investor interest will remain high in the retail park segment, which continues to benefit from high occupancy rates, in the industrial-logistics segment, which has the greatest investment potential supported by the expansion of road infrastructure, as well as in the office segment. In this case, investors are particularly attracted by market opportunities generated by pricing levels and seller flexibility, if office assets are located in well-positioned areas,” estimates Nicolae Ciobanu, Managing Partner – Head of Advisory at Fortim Trusted Advisors, an alliance member of the BNP Paribas Real Estate.

The highest volume of investments ever made by Romanian capital in the real estate sector was recorded in 2022, when Pavăl Holding acquired office buildings with a total value ofeuro467 million. That year, Romanian investors accounted for 49% of the total transaction volume, in a context of record investment levels.

BREC AWARDS 2025: VISIONARY CONSULTANCY AWARD
BREC AWARDS 2025: VISIONARY CONSULTANCY AWARD 901 600 BUCHAREST REAL ESTATE CLUB

The annual BREC Christmas Party was a great opportunity to inaugurate BREC AWARDS, a new initiative designed to bring recognition to BREC members for their activity throughout the year in the real estate industry.

BREC AWARDS is our way to honour the visionaries who transform cities, redefine communities, and set new standards of excellence. BREC AWARDS has given us the opportunity to look closely at each member’s work in 2025 and highlight the investments, transactions, and companies that bring greater maturity and professionalism to the Romanian real estate industry.

VISIONARY CONSULTANCY AWARD – IO PARTNERS

BEST OFFICE DEAL: PROCTER & GAMBLE – YUNITY PARK

The company has gone through a series of notable transformations recently. In 2023, following the JLL – iO Partners transaction, JLL offices in Romania, the Czech Republic, Hungary and Slovakia became iO Partners. Starting from January 2026, the new market manager for Romania will be Andrei Vacaru, as recently announced.

We were glad that Andrei was present at the BREC event and that he can inaugurate the new role with an award, which we are offering for the best office transaction: Procter & Gamble at Yunity Park.

VISIONARY CONSULTANCY AWARD – FILIP & COMPANY

EXCELLENCE IN LEGAL ADVISORY & TRANSACTIONAL SUPPORT

Filip & Company is a company founded in 2019 by Cristina Filip and which has become one of the most active in the real estate area.

The real estate law practice is formed by lawyers with solid experience, who are at the forefront of the development of the real estate market in Romania. Ioana Roman, the coordinating partner for real estate within the firm, is recognized in Band 4 of the renowned Chamber & Partners. We are granting them the award for excellence in legal advisory & transactional support.

VISIONARY CONSULTANCY AWARD – FORTIM TRUSTED ADVISORS

TOP TRANSACTION: MEDICANA HEALTH GROUP

Fortim Trusted Advisors is a member of the BNP Paribas Real Estate Alliance. With headquarters in Bucharest and a branch in Cluj-Napoca, the company offers integrated real estate consulting and brokerage services across all market segments.

Fortim was the architect of a significant transaction recently concluded: Medicana Helath Group, for a 120-bed hospital, an investment of over 46 million Euros.

VISIONARY CONSULTANCY AWARD – SCHOENHERR ROMANIA

TOP CROSS-BORDER REAL ESTATE LEGAL ADVISORY

Founded in Vienna 75 years ago, the company has been active on the Romanian market for almost 30 years.

SCHOENHERR is active throughout the Central and Eastern European region and at BREC AWARDS 2025 we recognize their merits for international transactions.

VISIONARY CONSULTANCY AWARD – EST HOSPITALITY

BEST HOSPITALITY STRATEGY & ADVISORY

This award recognizes the merits of a niche consulting company. We are talking about tourism consulting and hotel affiliation in international brand chains.

Mircea Draghici is a pioneer in this field; he has numerous contracts that have materialized in successful hotel businesses. At BREC AWARDS 2025 we offer him the award for the best hospitality strategy & advisory.

2025 Trends with Costin Nistor, Fortim Trusted Advisors
2025 Trends with Costin Nistor, Fortim Trusted Advisors 1200 600 BUCHAREST REAL ESTATE CLUB

24.02.2025


Costin Nistor, Managing Director, Fortim Trusted Advisors

What were the main business results for 2024?

The companies of the Fortim lines achieved a turnover of RON 11 million in 2024, an increase of 37% compared to 2023, thanks to the diversification of our portfolio of services. The organic growth of our business has been driven by the development of new businesses such as residential sales, Real Estate marketing & PR services for strategic partners, Project Management. The Property Management and Advisory divisions, which include consultancy services in the office, industrial, capital markets, valuation and research segments, performed well.

In 2025, we estimate a similar turnover, with a slight increase. We are in negotiations for significant transactions, encompassing both capital markets and customised solutions. We are optimistic that the current political challenges will be overcame.

What are the main challenges & opportunities for the office market in 2025?

Romania’s image among international investors will be the main challenge of 2025. The political context also has effects on the real estate market in Romania, given that political stability and government predictability are essential factors for investor and buyer confidence. Let’s hope that this challenge will be overcome in the first part of the year.

There are more opportunities than challenges. An advantage of 2025 is Romania’s full accession to the Schengen area, which will lead to the facilitation of trade and the transformation of Romania into a hub in the region. Another opportunity for investors is the progression of the commercial real estate market in Romania, with increasing demand in the retail, hotel and residential segments. In the emerging office market, you’ll find some rare opportunities to invest.

Also, the upcoming legislation for REITs will lead to a greater flow of capital, attracted from domestic funds and to the listing of more real estate companies on the stock exchange. The direct effects for end consumers will be the professionalization of the rental living space, through the emergence of more investors in rental housing and the improvement of working conditions, through the development of new office buildings, shopping centers and industrial spaces.

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