Romania's industrial stock totaled 7.3 million sqm during H1 2024, while new projects spanning 700,000 sqm were under various development stages, according to a report by Colliers.
NewCold, specialized in automated and cold chain international logistics, has entered the Romanian market through a 9-hectare land plot acquisition from WDP in northern Bucharest, for an undisclosed sum. The land is located close to the new A0 ring road of Bucharest.
With a catalog of more than seventy venues, the Paris Society group, part of the Ennismore Group, is a key player in the French hospitality sector.
Romanian construction group IBB Holding will issue euro-denominated bonds and list them on the Bucharest Stock Exchange, following a decision of its shareholders.
Germany's Garbe group, specialised in industrial investment, is looking to start operations in Romania and develop its first local projects.
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.
Romanian developer Iulius is investing €40 million in the expansion of Iulius Mall Suceava that will increase the leasable area of the project to 60,000 sqm.
In Pipera, an area of significant interest for villa buyers, the price of land has risen from €400/sqm in 2022 to €1,000/sqm in 2024.
Property Forum's annual SEE Property Forum Award Ceremony will take place during SEE Property Forum on 22 October 2024. The list of award categories is already available and the nomination period has just been extended by four days until September 20th. In this article, we answer all potential questions related to the nomination process and explain how the winners will be selected.
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.
The rebranding marks a new stage for the company, reflects its natural evolution and brings more clarity to defining the communication pillars.
Bright Spaces, a leading 3D Digital Twin company, has launched a new interactive platform that showcases BHB Avenue's renowned attention to detail and thoughtful design.
The company already closed exclusivity and non-exclusivity agreements for several dozen residential projects from international markets, including Dubai, Spain, Bali and Zanzibar.
The future headquarters of Infineon Technologies Romania, One Technology District, will be the largest semiconductor R&D center in Southeast Europe.
The future owners have announced plans for improvements to the resort, with the goal of re-opening it as a luxurious 5-star property and welcoming its first guests in 2025.
Industrial developer CTP has appointed Jovan Radosavljevic as its new Managing Director for Romania, tasked with overseeing the company's expansion in the country.
The ongoing residential developments in areas near Bucharest count around 28,500 apartments, with Voluntari town and Tunari commune among the locations with the biggest volume of new construction, according to a report by Imobiliare.ro.
West Gate Studios, the first private residential campus for young people in Romania, offers a total of 1,700 places in 850 studios and apartments.
With the establishment of Redport Contractor, the group has completed the process of internalizing the critical aspects necessary for the success of the projects it develops.
The local real estate developer and investor River Development announces the appointment of Ana-Maria Pascu to the position of Leasing Manager, starting September 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.
For the second year in a row, industrial and retail assets dominated trading activity, marking a significant shift from previous years when office assets were the primary focus.
VGP registered €45.6 million worth of signed and renewed lease agreements during H1 '24, bringing total committed annualised rental income to €384.7 million.
Romania's commercial investment transaction volume could hit €1 billion this year considering the amount of deals close to completion, according to a report by Colliers.
Over half of the PE funds in Romania anticipate an increase in M&A activity in 2025 compared to the previous year, according to a Roland Berger study.
BCR achieved a net profit of RON 742 million (€149 million) during Q1 2025, marking a 19.8% increase compared to the RON 620 million (€125 million) in Q1 2024
A study by Forvis Mazars Group reveals that while C-suite executives in Romania and CEE remain largely optimistic about growth.
Close to 12,000 Romanians that are abroad had already voted by Friday morning in the first round of presidential elections.
OMV Petrom concluded the first quarter of this year with a net profit of RON 1.07 billion (€200 million), a 24% decrease compared to the same period in 2024.