Eurobank exits Romanian real estate market with sale to APS Group

Eurobank Group, which divested Bancpost to Banca Transilvania five years ago, is now exiting the Romanian real estate market entirely. The group has agreed to sell IMO Property Investments Bucharest, the entity responsible for managing and selling its remaining real estate assets in Romania, to APS Group, a leading asset management firm in Central and Eastern Europe.

The transaction, signed in November 2024, is expected to close in the first quarter of 2025, pending regulatory approvals. This sale marks the final step in Eurobank’s strategic withdrawal from Romania.

APS Group, a major player in alternative asset management across Central, Eastern, and South-Eastern Europe, brings extensive expertise to the table. The firm operates through 15 regional offices and manages over 100 portfolios with a nominal value exceeding €11 billion. Established in 2007, APS Romania is a key part of the group, employing 250 staff and managing a wide range of assets in the local market.

This move aligns with APS Group’s expansion strategy while allowing Eurobank to complete its exit from the Romanian market. The transaction highlights the continued interest in Romania’s real estate sector among major international asset management firms.

Source: Profit.ro