Nai Romania & Moldova

What Nai Romania & Moldova does

NAI Romania & Moldova is the brand under which Appraisal & Valuation SA operates a professional valuation and consulting services business headquartered in Bucharest, with a regional branch in Chișinău, Moldova. Founded in 2010 and listed on the AeRO segment of the Bucharest Stock Exchange under ticker APP in September 2021 (the first valuation company ever listed on BVB), the firm is the exclusive Romanian and Moldovan representative of NAI Global, the international network of 5,000 professionals across 375 offices in 55 countries. Core services cover real estate valuations (residential, commercial, industrial, agricultural), business and company valuations for M&A and capital markets, equipment and machinery valuations, intangible asset valuations (trademarks, brands, domains), and specialized work such as wind and solar park appraisals, agricultural land studies, and City Hall public asset reviews.

The firm's service ecosystem extends beyond traditional appraisal into ESG-driven advisory: it is a corporate member of ANEVAR and holds green building certification expertise (Green Homes, BREEAM, LEED, DGNB), provides DNSH (Do No Significant Harm) assessments for EU taxonomy compliance, and operates a virtual property evaluation partnership with Swiss-based Virtual i Technologies. Operating geographies span Romania and Moldova domestically, with NAI Global referrals enabling international cross-border mandates, plus a new Dubai investment advisory arm. The company monetizes through professional services fees on a quote/transaction basis, with per-unit apartment valuations priced at approximately EUR 100–125 (500–625 RON) for mortgage credit purposes, a rate unchanged since 2007 and well below European comparators.

The corporate group includes several wholly-owned operating subsidiaries: Global Real Estate Properties SRL (brokerage, est. 2014), Ellada Development SRL (real estate development, est. 2016, including the Green Homes-certified AIR Residences project), US Global Property Management SRL (insurance/financing consulting, est. 2017), Activ Global Properties SRL (Moldova valuation arm, est. 2019), the acquired Simad Contex audit/accounting business (2021, 150+ clients) and evaluari-arta.ro art platform (2021), and Valyscom Roiesti SRL (hotel/restaurant/event hall in Craiova, acquired 2023 via the dedicated holding APP Investiții SA). Reporting financials are small-scale: 2023 net profit of 953,523 RON (~EUR 190,000) was up over 56% year-on-year, with group assets of 11.26 million RON and a post-IPO market capitalization of approximately 14.8 million RON; CEO Andrei Botiș also serves as President of the Romania Green Building Council, and founder Ioan Botiș holds approximately 67.8% of share capital.

Name

Nai Romania & Moldova

Legal name

Appraisal & Valuation SA

Website

https://nairomania.ro

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

NAI Romania & Moldova is a Bucharest-based professional valuation firm offering real estate, business, equipment, and intangible asset appraisals, plus ESG and DNSH advisory. Listed on BVB as APP, it is the exclusive NAI Global partner in Romania and Moldova.

Ownership category

akta.pro rank

Product category

Real Estate Valuation Services

NAICS

Offices of Real Estate Agents and Brokers (531210), Real Estate Property Managers (53131), Offices of Real Estate Agents and Brokers (5312)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate (6500), Investors, Nec (6799)

akta.pro primary industry

Real Estate Valuation & Appraisal (BPAHANAC)

akta.pro secondary industries

Hospitality (Hotel/Resort) Appraisal (BPAJAKAF), Appraisal Review & Quality Assurance Services (BPAJAKAN), Real Estate Valuation & Appraisal Advisory (FSAEAJAI)

Keywords

• Real estate valuation
• Business appraisal
• ANEVAR certification
• Green building certification
• Feasibility studies

Headquarters

HQ city

Bucharest

HQ country

Romania

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Real Estate Valuation Services: Core valuation services for residential, commercial, industrial, and agricultural properties. Services include appraisals for financing, accounting, IFRS, litigation, taxation, and ANAF staggering purposes. Pricing for apartment valuations in major cities ranges approximately 100-125 EUR (500-625 RON) for mortgage credit purposes.
2. Business and Company Valuation: Evaluation of businesses for mergers, acquisitions, shareholder information, and capital market purposes. Includes transfer pricing services and prudent private creditor tests for restructuring of budgetary obligations.
3. Equipment and Machinery Valuation: Valuation of machines, equipment, installations, production lines, cars, and agricultural machinery.
4. Intangible Asset Valuation: Valuation of trademarks, brands, unique commercial designs, and internet domain names.
5. Feasibility and Market Studies: Feasibility studies, market studies, and analysis of best use for properties and businesses.
6. Green Finance Consulting: Consulting on green financing and sustainability compliance including DNSH assessments.
7. Real Estate Brokerage: Commercial property leasing and sales through affiliated company Global Real Estate Properties SRL.
8. Real Estate Development: Property development through affiliated companies such as Ellada Development SRL, including residential projects certified Green Homes by RoGBC.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

NAI Romania & Moldova is a professional valuation and consulting services firm providing comprehensive appraisals for real estate (residential, commercial, industrial, agricultural), businesses, equipment, intangible assets, and specialized property types like wind and solar parks. The company extends beyond traditional valuation to green building certification (BREEAM, LEED, DGNB, Green Homes), DNSH assessments for EU taxonomy compliance, feasibility studies, transfer pricing services, and virtual property evaluations through a partnership with Virtual i Technologies.

Product overview

NAI Romania & Moldova (brand of Appraisal & Valuation SA) is a professional valuation and consulting services company that operates as a single-integrated service offering rather than a modular software platform. The company's portfolio centers on comprehensive valuation services for real estate (commercial, industrial, agricultural, residential, land), companies/businesses, equipment/machinery, and intangible assets. The service ecosystem includes specialized offerings such as wind and solar park valuations, agricultural land valuations, City Hall valuations, art valuation platform (evaluari-arta.ro), green building certification, DNSH assessments, green finance consulting, feasibility studies, transfer pricing services, virtual property evaluations via Virtual i Technologies partnership, Dubai investment advisory, urbanism consulting, commercial property leasing, and residential real estate development. The company is listed on the Bucharest Stock Exchange (symbol: APP) and is the exclusive representative of NAI Global in Romania and Republic of Moldova.

Differentiator

Problem solved

Functional benefit

Brands

• Real Estate Solutions: Complete services for real estate developers
• AIR RESIDENCES
• evaluari-arta.ro

Products and services

• Real Estate Valuations Comprehensive real estate valuation services covering commercial, industrial, agricultural, residential properties, and land for purposes including financing, accounting, IFRS reporting, litigation, taxation, and ANAF staggering. Available for mortgage credit applications at approximately 100-125 EUR per apartment valuation in major Romanian cities.
• Company and Business Valuations Professional business and company valuation services for mergers, acquisitions, shareholder information, and strategic decision-making purposes.
• Equipment and Machinery Valuations Valuation of machines, equipment, installations, production lines, vehicles, and agricultural machinery.
• Intangible Asset Valuations Valuation of intangible assets including commercial trademarks, brands, unique commercial designs, and internet domain names.
• Wind and Solar Park Valuations Specialized valuation services for wind farms and photovoltaic/solar energy parks.
• Agricultural Land and Farm Valuations Valuation of agricultural land and production farms.
• City Hall and Public Administration Valuations Unique service in Romania for evaluating the past activity of City Halls, helping newly appointed mayors understand what happened during previous leadership.
• Art and Collectibles Online Valuation Platform (evaluari-arta.ro) Online platform acquired in 2021 providing authorized expertise for art works and collectible object valuations, expanding the firm's digital service offerings.
• Green Building Certification Certification services for green buildings including Green Homes, BREEAM, LEED, DGNB, and WELL certifications, supporting sustainable construction and ESG criteria integration.
• DNSH Assessments (Do No Significant Harm) Assessment services verifying that investment projects do not cause significant harm to environmental objectives per EU Taxonomy requirements, required for European funding and bank financing.
• Green Finance Consulting Consulting services for green financing, helping clients access sustainable finance and meet environmental criteria for funding.
• Feasibility and Market Studies Feasibility studies, market research, and best-use analysis for real estate and business investments.
• Transfer Pricing Services Transfer pricing services (TPS) for companies requiring documentation of intercompany pricing for tax and regulatory compliance.
• Virtual Property Evaluations Virtual property valuations and risk inspections offered in partnership with Virtual i Technologies (a Swiss company where Morgan Stanley is an investor), enabling remote property assessment.
• Dubai Investment Advisory Department dedicated to intelligent investments in the United Arab Emirates, including real estate through partnerships with top developers and other investment opportunities.
• Urbanism and Construction Permits Urban planning and construction permit consulting services.
• Commercial Property Leasing Commercial property leasing services for office, retail, and industrial spaces through affiliated company Global Real Estate Properties SRL.

Quantifiable outcome

• ESG criteria have increased valuation work volume by at least 25% and are expected to continue growing
• +3 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Partnerships

Eleven partnerships are on record, tiered strategic, core, innovation and minor.

• I Success Brand AcceleratorstrategicStrategic or Co-development Partner · 3 September 2025Strategic partnership for evaluating and certifying Romanian brands for international promotion. NAI Romania evaluates brand values for companies participating in the Brand Accelerator program, which promotes Romanian brands at global events in Cannes, Monaco, Venice, Dubai, Abu Dhabi, and Riyadh. The evaluation enables measurement of brand evolution before and after accelerator participation.
• NAI GlobalcoreChannel Partner/ Reseller/ DistributorExclusive representative of NAI Global in Romania and Republic of Moldova. NAI Global is a network of independent commercial real estate companies and one of the largest commercial real estate service providers worldwide, with 5,000 professionals and 375 offices in 55 countries.
• Virtual i TechnologiesinnovationTechnology or IntegrationPartnership for virtual property evaluations and risk inspections in Romania and Moldova. Virtual i Technologies is a Swiss company offering intelligent solutions allowing insurers to evaluate risks, with Morgan Stanley as an investor on the platform.
• Romania Green Building Council (RoGBC)coreStrategic or Co-development PartnerCEO Andrei Botiș serves as President of RoGBC. Partnership focuses on green building certification, sustainable real estate development, and ESG integration in property valuations. The company actively promotes Green Homes certification and sustainable building practices.
• Transilvania BrokerminorChannel Partner/ Reseller/ DistributorStrategic partnership with fourth largest insurance broker in Romania. Through this partnership, the company sells evaluation services to Transilvania Broker clients and can offer insurance services to its own customers.
• Camera de Comerț și Industrie a Municipiului București (CCIB)strategicGTM or Marketing PartnerPartnership for hosting I Success Brand Accelerator launch event at CCIB premises. Collaboration for promoting Romanian brands internationally.
• Libra Internet BankminorGTM or Marketing PartnerLibra Internet Bank partnered with RoGBC to offer first Romanian banking product dedicated to developers building Green Homes certified buildings. NAI Romania supports this initiative through green building valuation expertise.
• Romanian Arab Investments HouseminorStrategic or Co-development PartnerStrategic partner for Middle East investments, represented by Casiana Dușa. Partnership supports Dubai real estate investment department and facilitates cross-border property investments.
• Ellada Development SRLminorOthersAffiliate company established in 2016 for real estate development activity. Developed AIR Residences residential project worth RON 10,400,000 in northern Bucharest, Sector 1, certified Green Homes by RoGBC.
• Global Real Estate Properties SRLminorOthersAffiliate company operating in real estate brokerage sector since 2014, with numerous successfully concluded transactions at national level.
• US Global Property Management SRLminorOthersAffiliate company established in 2017 for insurance and financing consulting activity.

Scale indicators8 records

Recent moves9 records

Expansion highlights7 records

Market position

Strengths4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/NAIGlobal.Romania
• LinkedInlinkedin.com/company/nai-romania

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nai Romania & Moldova