The first quarter of 2026 is set to close with office transactions totalling approximately 130 million euro in Romania, marking the strongest start to a year in the past decade, according to Colliers data. This level is more than three times higher than the average recorded for the January-March period over the last 10 years (for transactions with office buildings) and signals a renewed investor interest, even amid ongoing economic and geopolitical uncertainties.

The three major transactions completed in the first quarter include the sale of the second building in the Equilibrium project, developed by Skanska, to Gránit Asset Management; the sale of the @Expo project by Atenor to Equora Capital; and the acquisition of Record Park – a mixed-use scheme with a predominantly office component – by INNO Investments through the BT Property fund. These transactions are relevant not only in terms of value, but also from the perspective of the buyers’ profile, as they involve new or relatively new entrants to the local market, signalling both an expansion and a diversification of the active investor base. Colliers advised the sellers in the first two transactions, which together account for approximately 75% of the total volume of around 130 million euro recorded in this segment.

Interest in office assets is also supported by changes in working patterns, increasingly visible over the past couple of years. Companies are encouraging employees to return to the office for more days per week, in an effort to boost collaboration, productivity and team cohesion, which in turn contributes to restoring the attractiveness of this segment among investors.

” The start of the year, marked by the three major office transactions, offers a positive outlook for the real estate investment market and demonstrates that certain investors are betting on the resilience and growth potential of the local economy, managing to look beyond short-term uncertainties. The office segment remains below historical peaks of €400–500 million per quarter (recorded in Q4 2022 and Q3 2020 following large portfolio acquisitions by Pavăl Holding and AFI Europe), yet it exceeds the average quarterly volume of €100 million recorded over the past decade and greatly surpasses what we usually see in the first quarter of the year. Moving beyond the typical trend for the 2016-2025 period indicates a potential shift in sentiment, as it shows that some investors are focusing on the long-term fundamentals of the local market and on current opportunities”, explains Robert Miklo, Head of Capital Markets at Colliers Romania.

Against the backdrop of this strong start to the year and amid a solid pipeline of transactions at various stages of negotiation, prospects for 2026 remain positive, the Colliers director notes. In the absence of major shocks, the total volume of real estate investments should exceed the historical annual average of approximately 800 million euro recorded over the past decade across all market segments, even in a global context that remains far from predictable.

Romania remains an attractive proposition at European level, given the dynamism of its local economy and of its various real estate sectors, which are among the fastest-growing in the European Union. At the same time, yields have followed a more cautious trajectory in recent economic and real estate cycles – both in the period following the 2008 financial crisis and in the post-pandemic context – which now provides a potentially defensive positioning for local assets, Robert Miklo adds.

At the same time, developments in Western European markets offer an encouraging signal for the region. According to the Colliers Global Investor Outlook 2026 report, based on a survey of some of the world’s largest asset managers and investors, Europe will continue to attract capital, while in certain markets yields are expected to begin compressing. Historically, such price action has been followed by similar movements in Central and Eastern Europe, including Romania, supporting the potential for a gradual recovery in investment activity in the period ahead.