Business Forum
| 6 March, 2025 at 1:59 PM
Liebrecht & wooD to expand resi project near Bucharest
Liebrecht & wooD will kick off this summer the construction of the second phase of its residential complex near Bucharest.
Liebrecht & wooD will kick off this summer the construction of the second phase of its residential complex near Bucharest.
Romania is preparing for a wave of new hotel openings in 2025-2026, solidifying its position as an attractive tourist destination in CEE, according to a report by Colliers.
Companies in IT, manufacturing, industry, and the medical and pharmaceutical sectors were the most active in Romania's office rental market over the past five years, generating over half of the demand for new space.
Garanti BBVA has announced a long-term financing agreement of €10 million for the development of the National Golf & Country Club, a project developed by DM Sport & Energy that is located in Dâmbovița County, less than 37 km north of Bucharest.
Netherlands-based CCP Cooperatief has made its first investment in Romania through a phased acquisition of a logistics complex in Ștefăneștii de Jos, near Bucharest, in a deal worth around €7.5 million.
Hagag Development Europe is preparing to reopen the Știrbei Palace on Calea Victoriei, in H2 2025, as a luxury department store.
The Timișoara City Hall recently approved the Zonal Urban Plan (PUZ) for a new urban regeneration project by Țiriac Imobiliare, owned by Romanian billionaire Ion Țiriac.
Local residential developer Impact Developer & Contractor recorded a net individual profit of around €17 million in 2024, double compared to the previous year. At the group level, the consolidated net profit was €12 million, also double compared to 2023.
One United Properties and Tomcat Hospitality have teamed to launch Marketta Food Hall, which is set to become the biggest food hall in Eastern Europe.
Property investor and asset manager Solida Capital has purchased the office project Victoria Center in Bucharest from Manova Partners, marking its first transaction in Romania and strategic expansion into CEE. The deal value was not made public.
Industrial developer Global Vision has announced the appointment of Antoanela Comșa as Deputy CEO.
Western European investors have been the most active buyers of real estate assets in Romania over the past five years, making placements of €1.75 billion, according to data from Cushman & Wakefield Echinox.
Romania's housing market faced a significant imbalance in 2024, with new home deliveries falling 15% nationwide and over 20% in Bucharest, while demand rose by 7%, finds a Colliers report.
The real estate and construction sector was the most active in terms of the number of M&A transactions in Romania during 2024, accounting for 28% of the total market, which reached an estimated value of between €5.7 and €6.1 billion.
Polish company Scallier, who is expanding its network of Funshop Park retail parks in Romania, opens a new shopping center in the Arad region.
Industrial developer CTP has announced the expansion of its collaboration with freight transport manager Delamode in CTPark Bucharest industrial park.
With nearly 1,300 real estate transactions in 2024, the company tripled its sales volume compared to 2023.
Investment in the hotel sector is experiencing a significant upswing, with Romania witnessing a 56% increase in 2024 versus 2023, reaching €69.3 million. This trend aligns with a broader European surge, where hotel investments reached €20.5 billion, marking a 70% rise and establishing hotels as the leading asset class.
Scandia Română Development, the real estate division of the Scandia group, has announced the commencement of works on a new residential project in Sibiu.
Adjusting for inflation shows a more moderate increase of 52.1% over the last 10 years and 8.5% in the last year, indicating a market with a sustainable development.
Romania's construction industry maintained a high level of activity in 2024, despite a slight 4% decrease compared to the previous record year, according to data from the National Institute of Statistics (INS). However, compared to 2018, the volume of construction works was 78% higher during 2024.
Italian real estate group IGD has announced the sale of its Winmarkt Someș shopping center in Cluj-Napoca to a private Romanian investor for €8.3 million.
In 2025, deliveries of over 200,000 sqm of new retail space are expected in Romania, of which almost half will be shopping malls, according to a report by Colliers Romania.
Bucharest remains the leader on gross rental yields, while the overall prices in the residential market rose by 14% in 2024, according to a market study by The Concept.
Trade between Romania and Germany saw a 1.9% decrease in H1 2025 compared to the same period in 2024, according to the Romanian-German Chamber of Commerce and Industry.
DIY retailer Leroy Merlin has announced an investment budget of €27.9 million for 2025, representing an increase of nearly 50% compared to 2024.
The Bacău International Airport has announced plans to build its first-ever photovoltaic park, an investment worth over RON 25 million (€5 million).
Over 200 million people across Europe now use TikTok every month, an increase of 14% from the previous year.
Bittnet Systems has announced that its subsidiary, Dendrio Solutions, has signed a significant framework agreement with a public sector client.