The mergers and acquisitions (M&A) market in Romania recorded one of the highest levels in the last five years in 2024, according to an analysis conducted by Deloitte Romania. With 151 transactions of over 5 million euros, whose total estimated value is between 5.7 and 6.1 billion euros and 5.2 billion euros, without the mega-transaction through which PPC took over the renewable energy portfolio from Evryo Group, the local market last year approached the record level of 2022, when there were 155 transactions with an estimated total value of approximately 5.2 billion euros (excluding the two mega-transactions in 2022, which totaled 1.7 billion euros).
Deloitte Romania advised IMO Property Investments Bucharest, a Eurobank Group company specializing in the strategic management and divestment of real estate assets, on the sale of its entire 100% shareholding to APS Group, an alternative asset management investor operating in Central-Eastern and South-Eastern Europe. The transaction was signed in November 2024 and is anticipated to close in the first quarter of 2025, pending regulatory approvals.
Praktiker Real Estate Romania completed the acquisition of Muntenia Business Center, the office building on Splaiul Unirii in Bucharest, with a total area of 9,750 sqm. The transaction value amounted to approximately EUR 8 million.
Romania's property investment market reached close to €655 million in the first nine months of 2024, up by 169% compared to the same period of last year, according to an iO Partners report.
Deloitte Romania assisted the Romanian entrepreneurial group Alfa Group in the acquisition of the largest part of the IRIDE Park project, located in the North of the Capital, along with two other properties in the proximity, from CPI Property Group, the Czech group that owns real estate projects in several countries in Central and Eastern Europe. The transaction was signed in October 2024.
The first half of 2024 ended with real estate transactions totaling 419 million euros in Romania, which represents a two and a half times increase compared to the volume of the same period last year, according to the Colliers report on the evolution of the real estate market in the first semester of this year. The outlook remains favorable, and with a significant volume of ongoing transactions, including some recent ones where owners want quick completion, reaching the €1 billion mark in 2024 seems an achievable goal, Colliers consultants say.
Romanian entrepreneur Alin Niculae, who controls the largest independent distributor of petroleum products, bought the myhive Iride (Iride Business Park) office building in Pipera.
A team of lawyers from Reff & Associates | Deloitte Legal and tax experts from Deloitte Romania assisted the local company Helinick, specialized in the design and implementation of electronic security, fire safety, communications and building management systems, one of the leaders of the local market in the field, in the sale to Convergint, one of the largest global players in this area. The transaction was completed in July 2024 and marks Convergint's entry into the Romanian market.
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