InRento continues its European expansion with the launch of operations in Romania – marking a significant milestone in the company’s growth and reinforcing its position as a leading real estate investment projects platform in the region.
With the opening of an office in Bucharest and the introduction of its first Romanian investment opportunity, InRento now surpasses EUR 90 million in total financed projects. This step reflects not only geographic expansion, but a deliberate move into one of Europe’s most compelling yet underpenetrated real estate markets.
Why Romania – and Why Now?
Romania today stands where markets like Lithuania and Poland were a decade ago.
It is a large, 19 million-person EU economy with a diversified industrial base and rapidly growing urban centres. Yet, despite its size and economic activity, the commercial real estate sector – particularly retail parks, supermarkets, and mixed-use developments – remains structurally undersupplied.
This imbalance is creating a powerful opportunity.
Residential rental yields in Romania average 6–7% nationally, already among the highest in the EU. In the commercial segment, particularly in regional cities, yields can be even more attractive – driven by strong occupier demand from international brands and a shortage of modern, well-located premises.
At the same time, developers across Eastern Europe face a common constraint: limited access to competitive bank financing during early development and fit-out stages. However, once a project secures strong tenants, banks actively step in to provide long-term financing.
This creates a unique window for private investors – one where capital can enter early, capture elevated yields, and benefit from strong downside protection once institutional financing follows.
Building a Local Presence
Romania has been part of InRento’s strategic roadmap since 2021. Over the past year, the company has been building a local team and establishing partnerships on the ground.
The opening of the Bucharest office formalizes this commitment and ensures that every investment opportunity is sourced, evaluated, and managed with local expertise – while maintaining InRento’s underwriting standards.
First Investment Opportunity: Z128, Brasov
InRento’s entry into Romania is marked by the launch of Z128, Brasov – a built-to-rent project that clearly illustrates the market dynamics at play.
Located in one of Brașov’s most established districts, the project involves the transformation of an existing structure into a fully leased mixed-use commercial complex.
What makes this opportunity particularly compelling is its tenant profile.
Long-term lease agreements are already secured with:
- Supeco (Carrefour Group)
- 18Gym, a leading Romanian fitness network
These agreements are expected to generate approximately EUR 25,000 in monthly rental income once the building is delivered in October 2026.
For investors, this structure provides both visibility and stability – key components of cash-flow-driven investing.
The project is designed with a strong focus on capital protection and predictable income:
- Fixed annual returns: 9.75% – 11%, paid monthly
- Additional capital gains: 1.5% annually, paid at maturity
- Total expected return: 11.25% – 12.5% p.a.
- Loan-to-value (LTV): 18% (with a maximum of 70%)
- Security: First-rank mortgage on assets valued at EUR 1.11 million
During the development phase, investor returns are supported by shareholder-backed interest payments. Upon completion, income transitions to tenant-driven cash flow under long-term lease agreements.
A Market Defined by Yield and Momentum
The Z128, Brașov project is not just a standalone opportunity – it is a clear representation of where the Romanian market is today.
Demand from international tenants like Carrefour continues to expand beyond capital cities into regional urban centres. At the same time, the supply of modern commercial spaces has not kept pace.
This combination – strong demand, limited supply, and constrained developer financing – creates a highly attractive environment for investors seeking consistent cash flow and above-average returns.
Looking Ahead
InRento’s expansion into Romania is a natural next step in its mission to provide access to high-quality, income-generating real estate investments across Europe.
With local presence, growing deal flow, and a market that is still early in its development cycle, Romania offers a compelling opportunity for investors looking to diversify and capture higher yields.
The first deal – backed by a global tenant like Carrefour – is just the beginning.
