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The average price of new homes in Romania amounted to €1,504 per sqm in 2023, which was the third lowest price in Europe, behind Bosnia and Herzegovina and Greece, according to a Deloitte report. 

Primark Iulius Mall, part of the mixed-use Iulius Town, becomes the retailer's first location in the western part of the country and has created over 150 new jobs locally.

A significant shift in the overall outlook and priorities of executives in the sector is uncovered, indicating a strategic reset is on the cards.

iO Partners has successfully provided development management services for a 126MW solar farm in the commune of Văcărești, Dâmbovița.

The opening of the new center at Timpuri Noi Square marks a significant step in the expansion of Atelierul de Slăbit, solidifying its position in Tineretului-Timpuri Noi area.

Edenred Digital Center has become a source of technological innovation, contributing to the group's positioning as a leader in digital innovation in the markets where it operates.

Online courier sales activities also saw a 25% increase, largely due to investments in automating altexpress.ro portal.

This initiative marks the company's expansion into retail beyond dental hygiene products.

Designed with sustainability and visitor well-being in mind, MIRO has earned the esteemed BREEAM “Excellent” and WELL “Certified Platinum” certifications.

Bucharest's short-term rental industry is expected to outperform the previous year's level and has already recorded estimated revenues close to €24 million in H1 2024, according to a Crosspoint Real Estate report. 

Clifford Chance Badea advised PPC Group throughout the entire transaction, providing support on aspects of due diligence.

Austria remains the most expensive country, with €4,920/sqm in 2023, followed by Germany (€4,700/sqm), France €(4,538/sqm).

Romanian developer One United Properties says its volume of sold and pre-sold residential units, parking spaces and commercial spaces amounted to around €123.8 million during H1 2024. This result is up by 2.5% compared to the same period of last year. 

Hili Properties, the real estate arm of Hili Ventures, has successfully secured the remaining 25% shareholding of the company which owns the MIRO office building in northern Bucharest. 

Roxana Frățilă, Partner, Head of Real Estate & Construction at CMS, spoke to Property Forum about the key deals closed in the retail market in 2023 and accelerating investment in renewable energy.

iO Partners has provided development management services for a 126 MW solar farm in Văcărești locality, Dâmbovița County. 

Romania's Government has signed in mid-July a memorandum of understanding with US tech giant Google as the country is looking to boost its cloud infrastructure for public services. 

Romanian developer One United Properties has started the construction of One Technology District, which will host the largest R&D centre of Infineon Technologies in Southeast Europe.

STC Partners will start a new residential project in Bucharest after completing the acquisition of a land plot for €7.2 million.

CBRE Romania has purchased the franchise for a job fair that will be launched for the first time in Bucharest under the “night of companies” concept. 

Romanian developer One United Properties has announced that construction has kicked off at Mondrian Hotel in Bucharest, with completion expected in 2026. 

Monia Dobrescu, Partner at Mușat & Asociații, spoke to Property Forum about the growing role of ESG criteria in bank financing of real estate projects and the prospects for investment in the local market in 2024.

The largest transaction closed in Q2 2024 was related to a 20,900 sq. m pre - lease by VAT Group within VGP Park Arad.

Romanian developer Eden Capital aims to deliver by H2 2026 a new high-end residential complex in northern Bucharest with an estimated value of €130 million. 

Industrial developer VGP is expanding a building in VGP Park Brașov by 13,813 sqm, with 20% of the new space already leased. 

The leasing volume of industrial and logistics spaces in Romania amounted to 410,500 sqm during H1 2024, down by 25% versus the same period of last year, with close to half of the total take-up recorded in Bucharest region, according to a Cushman & Wakefield Echinox report. 

InteRo Property Development, owned by the Canadian Topolinski investors family, has kicked off the construction of a new mixed-use project in Bucharest with a valuation of €1 billion. 

PPC is among the leading companies in the Greek market, according to the "ESG Transparency Methodology", with respect to the metrics outlined in the “ATHEX ESG Reporting Guide".

Female entrepreneurs in Romania face a series of challenges in business, the main one being the fact that they have to prove more just because they are women.

Private equity (PE) fund investments in Central and Eastern Europe (CEE) reached a total volume of €1.71 billion in 2023, while Romania ranked 4th at the CEE level.

The acquisition expands the SAMEDAY Grup portfolio with services dedicated to stores operating an online channel, in Central and Eastern Europe.

Customers can now buy an extremely wide range of smart devices through the Buy Now, Pay Later solution in 4 installments without interest or in 6-60 installments with interest.

iBanFirst estimates that the dollar index could increase by 10% over five years—thus reinforcing the overvaluation of the US currency compared to its main counterparts.

The facility of €61 million will be used by Premier Renewable Invest Co. SRL to finance the acquisition of the shares in Eolica Dobrogea One SA member of Iberdrola Group.

In the first half of the year, companies in Bucharest leased 84% of the total volume of modern office space traded in the country.

The office leasing volume closed in H1 2024 grew by 0.2% compared to the same period of last year, with Bucharest seeing the biggest activity, followed by Cluj-Napoca and Timișoara, according to a report by Fortim Trusted Advisors.

Origin is designed to enable companies to digitize essential processes without requiring extensive internal development.

The purpose of the increase for One Cotroceni Park Office Phase 1 and Phase 2 is to reimburse shareholder loans and cover other costs.

The group continues its investments in its portfolio restaurants as well as in the development of the restaurant and hotel segments.

Since listing on the Bucharest Stock Exchange, more than 350,000 new fund units were issued by InterCapital. The total value of the ETF units traded on BVB overpassed €5.5 million.