According to the report submitted by Bucharest Real Estate Club (BREC) – Regional Cities, total investments of over EUR 2 billion are currently underway or will be launched in the coming period across the country’s five largest cities.
The analysis is based on BREC information from market companies and data from CBRE, Cushman & Wakefield Echinox, Simon & Partners Cluj-Napoca, IMRA Real Estate Constanta, and EST Hospitality.
Timisoara holds half of the investment value, and Iasi has the most projects after Timisoara. Cluj-Napoca and the surrounding areas attract over 20,000 sqm of new logistics spaces and 3 new hotels.
The analysis shows that total investments currently underway or to be started in the immediate future across the country’s 5 largest cities exceed EUR 2 billion.
These are the urban centers of Timisoara, Cluj-Napoca, Brasov, Iasi, and Constanta. Thus, between the end of 2021 and 2024, commercial property projects totaling over 370,000 sqm (office buildings, logistics spaces, retail parks), 7 major hotels affiliated with international brands, and over 20,000 new apartments will be completed in these 5 cities and adjacent regions, according to the Bucharest Real Estate Club (BREC) – Regional Cities report launched today.
Cluj-Napoca and the surrounding areas attract over 20,000 sqm of new logistics spaces and 3 new hotels (including a Radisson hotel and a Courtyard by Marriott brand hotel), a segment driven by major music festivals and sporting events organized here in recent years, the report states.
The area’s potential for skilled human resources continues to attract foreign investment, say the report’s authors, citing Bosch, one of the largest automotive component manufacturers on the local market, which inaugurated its third production hall of 34,500 sqm this year within the automotive electronic components factory and announced it will expand its engineering center with a new 10,000 sqm office building. In this context, investments in the residential sector are growing, according to local consultancy firm Simon & Partners, with over 5,000 apartments currently under development, with delivery dates between 2022-2024.
Timisoara has scheduled investments estimated at EUR 1 billion. Projects with 190,000 sqm of office, retail, and logistics space, a 5-star Radisson Blu hotel, and over 5,000 new apartments are under construction here.
In Iasi, 65,000 sqm of offices and retail, over 5,000 new apartments, the 60,000 sqm Palas Campus complex, and industrial parks are being developed.
In Constanta, over 7,000 new apartments (for residential or holiday use) and 22,000 sqm of logistics spaces are planned.
In Brasov, investments for the international airport, 45,000 sqm of offices and logistics spaces, over 2,500 new apartments, three international hotels, and the AFI Brasov project, which would bring 10,000 sqm of offices, are mentioned. BREC is an organization of the Romanian real estate market, comprising major local and international investors active in urban regeneration projects, office buildings, logistics and industrial parks, retail parks, and residential investments.
According to the report submitted by Bucharest Real Estate Club (BREC) – Regional Cities, total investments of over EUR 2 billion are currently underway or will be launched in the coming period across the country’s five largest cities.
The analysis is based on BREC information from market companies and data from CBRE, Cushman & Wakefield Echinox, Simon & Partners Cluj-Napoca, IMRA Real Estate Constanta, and EST Hospitality.
Timisoara holds half of the investment value, and Iasi has the most projects after Timisoara. Cluj-Napoca and the surrounding areas attract over 20,000 sqm of new logistics spaces and 3 new hotels.
The analysis shows that total investments currently underway or to be started in the immediate future across the country’s 5 largest cities exceed EUR 2 billion.
These are the urban centers of Timisoara, Cluj-Napoca, Brasov, Iasi, and Constanta. Thus, between the end of 2021 and 2024, commercial property projects totaling over 370,000 sqm (office buildings, logistics spaces, retail parks), 7 major hotels affiliated with international brands, and over 20,000 new apartments will be completed in these 5 cities and adjacent regions, according to the Bucharest Real Estate Club (BREC) – Regional Cities report launched today.
Cluj-Napoca and the surrounding areas attract over 20,000 sqm of new logistics spaces and 3 new hotels (including a Radisson hotel and a Courtyard by Marriott brand hotel), a segment driven by major music festivals and sporting events organized here in recent years, the report states.
The area’s potential for skilled human resources continues to attract foreign investment, say the report’s authors, citing Bosch, one of the largest automotive component manufacturers on the local market, which inaugurated its third production hall of 34,500 sqm this year within the automotive electronic components factory and announced it will expand its engineering center with a new 10,000 sqm office building. In this context, investments in the residential sector are growing, according to local consultancy firm Simon & Partners, with over 5,000 apartments currently under development, with delivery dates between 2022-2024.
Timisoara has scheduled investments estimated at EUR 1 billion. Projects with 190,000 sqm of office, retail, and logistics space, a 5-star Radisson Blu hotel, and over 5,000 new apartments are under construction here.
In Iasi, 65,000 sqm of offices and retail, over 5,000 new apartments, the 60,000 sqm Palas Campus complex, and industrial parks are being developed.
In Constanta, over 7,000 new apartments (for residential or holiday use) and 22,000 sqm of logistics spaces are planned.
In Brasov, investments for the international airport, 45,000 sqm of offices and logistics spaces, over 2,500 new apartments, three international hotels, and the AFI Brasov project, which would bring 10,000 sqm of offices, are mentioned.
BREC is an organization of the Romanian real estate market, comprising major local and international investors active in urban regeneration projects, office buildings, logistics and industrial parks, retail parks, and residential investments.
Frequently Asked Questions
Which 5 cities are targeted by the EUR 2 billion investments?The five urban centers attracting these massive investments are Timisoara, Cluj-Napoca, Iasi, Brasov, and Constanta.
What types of real estate projects are under development?Projects include over 370,000 sqm of commercial space (offices, logistics, retail), 7 international hotels, and over 20,000 new apartments.
Which city holds the largest share of the investments?Timisoara leads the ranking, with scheduled investments estimated at approximately EUR 1 billion, representing half of the total reported value.