Business Forum
| 27 June, 2025 at 4:06 PM
CPI Europe completes over €165 million in asset disposals
CPI Europe has sold assets exceeding €165 million as part of its strategy to divest lower-yielding or non-strategic assets.
CPI Europe has sold assets exceeding €165 million as part of its strategy to divest lower-yielding or non-strategic assets.
While the Southeast European region is projected to maintain its 2024 activity levels, reduced optimism in Eastern Europe is largely attributed to a worsened forecast for Turkey, finds the latest report of the Eastern European Construction Forecasting Association (EECFA).
Vastint Romania has finalized a new lease agreement with the jewelry brand Pandora, which is moving its offices to Business Garden Bucharest.
Skanska's Equilibrium 2 office project, located in northern Bucharest, has achieved WiredScore Platinum certification.
Over the past decade, Romania has faced increasing pressure - both from domestic and from international institutions - to modernize its property tax system. With structural challenges in housing affordability and significant fiscal constraints at the national level, local tax reform, as outlined in the National Recovery and Resilience Plan (PNRR), has emerged as a critical priority, writes Daniel Grigore, Director, Corporate Income Tax, Deloitte Romania.
Fitch Ratings has affirmed Globalworth's Long-Term Issuer Default Rating (IDR) and senior unsecured debt rating at BBB- with a stable outlook, noting the company's efforts in deleveraging and its robust commercial portfolio across Poland and Romania.
French real estate group Catinvest has appointed Win Advisors as Administrator of Aparthotel Craiova, which was inaugurated earlier this year within ElectroPutere Parc in Craiova, following a €12 million investment.
Romanian developer Iulius has successfully secured LEED Operations and Maintenance Platinum certification for five of its retail and office projects across four Romanian cities.
Romanian property holding Meta Estate Trust has purchased four villas within the Radisson Blu Grand Mountain Resort Brașov, currently under development, in a deal worth €1.52 million.
Industrial developer WDP has announced the development of a new sustainable distribution centre, spanning approximately 54,000 sqm, for an international retailer at WDP Park București – Ștefănești.
Property investment company Hubix has announced a strategic investment in The Lake Home, a residential project in Sibiu, developed in partnership with Novarion.
ELI Park Iași, the industrial project developed by Element Industrial, has achieved BREEAM certification, making it one of the most sustainable industrial developments in the Moldova region.
Schrack Technik Romania, the local subsidiary of the Austrian group Schrack Technik, a producer and distributor in the electrical installations and equipment market, recently inaugurated a logistics centre for electrical materials, following a €15 million investment.
Didier Balcaen, CEO and Co-Founder of SPEEDWELL, talked to Property Forum about the company's strong development pipeline in Romania and the trends shaping the local residential and commercial real estate market.
The office project Polona 68 Business Center has been awarded the LEED Gold certification by the US Green Building Council (USGBC).
Rădăcini Estate, the real estate division of Rădăcini Grup, is set to develop a modern retail park in the Chitila area. This project, a partnership with general contractor ImoSteel, represents an investment of nearly €8 million.
Olala! is strengthening its strategic expansion in the Romanian market with the acquisition of two hotels located in central Bucharest – Hotel Duke Romană and Hotel Duke Armenească – in a €5 million transaction.
Alfa Group has acquired the majority of the Iride Park project from CPI Romania, for an undisclosed sum.
Romanian developer Millstone, controlled by Johan Rogiers and Horia Chioseaua, has officially begun construction on a boutique residential project on Calea Victoriei, in central Bucharest, which represents a €18 million investment.
Prime Kapital has secured a €20 million financing facility from Garanti BBVA for the third phase (residential) of its Silk District urban regeneration project in Iași.
Urbano Group has secured construction permits for the first phase of a commercial park in Transylvania, backed by an investment exceeding €100 million.
Industrial developer CTP will build a 9,500 sqm custom-built production facility for DEHN within CTPark Pitești, a strategic industrial hub in Southern Romania.
Romanian property holding Meta Estate Trust is investing around €2 million in the Cioplani retail park located near Bucharest.
Romanians spent a combined €6.2 billion on dining out last year, a figure more than quadruple the amount spent a decade ago, with average spending at €830 per family in 2024, according to a Colliers report.
Holcim Romania has signed a funding agreement with the European Climate, Infrastructure and Environment Executive Agency (CINEA) for the Carbon Hub CPT01 project, a carbon capture and storage initiative.
The European Parliament and the Council have selected the French city of Lille to host the future EU Customs Authority (EUCA), following a final decision reached on Wednesday.
Olympus Foods România has begun construction of a new warehouse at its Brașov Dairy Factory, with an investment of €7.5 million.
Romanian national carrier Tarom and Condor Airlines have launched a commercial codeshare partnership, expanding Bucharest's transatlantic connectivity through Frankfurt hub.
Recrutopia, a Romanian AI-powered recruitment service, has been launched by Neurony, a Romanian software company, with plans to increase revenues to €6 million this year versus last year's €2.5 million.