MEDCITY looks to expand healthcare real estate presence in Romania

Alexandros Diamantis, Managing Director of Medcity spoke with Property Forum about the company’s investments in Romania that reached €30 million to date and the new cities that have potential for new healthcare real estate developments.
Alexandros Diamantis

Here are some highlights from the interview:

What is the profile of MEDCITY in the healthcare industry?

MEDCITY represents the unique real estate (RE) developer in the SEE region focused exclusively on the healthcare sector.

Created as a concept by two significant factors: a solid track record of successful projects in the healthcare field, coupled with the notable growth of the private medical sector and the lack of spaces within the real estate market catering specifically to medical use, MEDCITY has emerged as a pioneering force establishing itself as the foremost RE player, developing during the last 15 years the largest network of specially designed buildings dedicated to healthcare.

Additionally, MEDCITY covers a wide range of services in medical building development, such as design, project & construction management, specialized technical advisory, and facility management.

Being part of SOFMEDICA Group, a leading organization in Europe focused on healthcare innovation since 1994 in several sectors such as MedTech, medical operations, and education, granted the team a 360o perspective, which combined with its unique expertise and dedication, enabled MEDCITY to deal with any project related to healthcare infrastructure.

 

What is your strategy for your operations in Romania and how is the local business integrated into your regional footprint?

At present, having our portfolio in Romania nearly fully booked, secured by a 10-year WALT, our primary focus for the next 3-5 years entails an ambitious plan to further expand our building network.

Our overarching objective is to establish high-standard, innovative healthcare ecosystems by developing top-quality, energy-efficient, and sustainable medical facilities in proximity to major urban areas. We firmly believe that this state-of-the-art healthcare RE concepts will cater to the evolving needs of the community while fostering advancements in the healthcare field.

It is worth noting that our business in Romania has flourished through dedicated efforts over time. Building upon this success, we are now embarking on a journey to further extend our presence in Romania and beyond its borders into other countries within the SEE region, where our group has already established a strong presence.

We are excited about the opportunities ahead and remain committed to delivering exceptional healthcare RE concepts while nurturing long-term relationships within the communities we serve.

Subscribe to our newsletter

For exclusive news and market updates sign up for our newsletter.