Terra Romania invests nearly €3 million in new HQ

Business Forum

23 May, 2025 at 12:39 PM

Terra Romania Utilaje de Construcții, part of Austrian construction equipment distributor Terra Holding, has opened its new HQ in Brașov, following an investment of €2.7 million.

The project marks a significant strategic move for the company in the Romanian market, focusing on both regional expansion and sustainability.

The HQ has a 4,710 sqm service workshop with a 10-metre height, a warehouse exceeding 3,600 sqm, as well as facilities.

The building incorporates green technologies, enabling it to operate on a net-zero energy principle. This is achieved through the use of photovoltaic panels, heat pumps, and high-performance insulation systems, ensuring the building produces as much energy as it consumes.

This investment in Brașov is part of the company's ongoing expansion, with plans to develop two new branches in Timișoara and Turda already underway.

Globalworth starts new office development in Bucharest

Globalworth Romania has begun construction of Green Court D, the fourth building in the Green Court complex in Bucharest's Aurel Vlaicu area. The project is scheduled for completion in 2027 and is currently in the preliminary construction stage involving enclosure and basement excavations.

Real estate

FDI in Romanian real estate triples in past decade

Foreign direct investments (FDI) in Romania's real estate and construction sector more than tripled between 2014 and 2024, increasing by €15.1 billion to reach €21.6 billion by the end of last year. The sector's share of total FDI stock rose from 10.6% to 17.3%, according to National Bank of Romania (BNR) data analyzed by Cushman & Wakefield Echinox.

Real estate

iO Partners adds proptech service to its portfolio

iO Partners, a JLL Preferred Partner, has teamed up with Bright Spaces proptech to provide its clients with a 3D space planning tool. 

Real estate

IBB Holding to sell bonds on Bucharest Stock Exchange

Romanian construction group IBB Holding will issue euro-denominated bonds and list them on the Bucharest Stock Exchange, following a decision of its shareholders. 

Real estate

Renewals drive office leasing in Bucharest during H1 2024

Contract renewals accounted for approximately 50% of office transactions in Bucharest during H1 2024, while the total demand fell to around 160,000 sqm, according to a Colliers report. 

Real estate

River Development moves all projects under Sema umbrella

Romanian investor and developer River Development has announced its rebranding as Sema Real Estate, with all current and new projects to be reunited under this umbrella. 

Real estate

Office leasing in Bucharest falls during H1 2024

The volume of office leasing in Bucharest amounted to 168,000 sqm during H1 2024, down 11% compared to the same period of last year, with the average new lease deal at more than 1,100 sqm, according to Cushman & Wakefield Echinox. 