Business Forum
| 3 March, 2025 at 1:06 PM
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.
Business Forum
| 3 March, 2025 at 9:56 AM
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.
Business Forum
| 28 February, 2025 at 9:23 AM
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.
Business Forum
| 26 February, 2025 at 1:23 PM
Industrial developer Global Vision has announced the appointment of Antoanela Comșa as Deputy CEO.
Business Forum
| 25 February, 2025 at 1:22 PM
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.
Business Forum
| 25 February, 2025 at 1:05 PM
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.
Business Forum
| 25 February, 2025 at 9:05 AM
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.
Business Forum
| 24 February, 2025 at 11:57 AM
Polish company Scallier, who is expanding its network of Funshop Park retail parks in Romania, opens a new shopping center in the Arad region.
Business Forum
| 24 February, 2025 at 11:46 AM
Industrial developer CTP has announced the expansion of its collaboration with freight transport manager Delamode in CTPark Bucharest industrial park.
Business Forum
| 21 February, 2025 at 10:55 AM
With nearly 1,300 real estate transactions in 2024, the company tripled its sales volume compared to 2023.
Business Forum
| 20 February, 2025 at 2:56 PM
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.
Business Forum
| 20 February, 2025 at 1:23 PM
Scandia Română Development, the real estate division of the Scandia group, has announced the commencement of works on a new residential project in Sibiu.
Business Forum
| 20 February, 2025 at 11:52 AM
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.
Business Forum
| 20 February, 2025 at 9:38 AM
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.
Business Forum
| 19 February, 2025 at 9:59 AM
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.
Business Forum
| 18 February, 2025 at 9:47 AM
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.
Business Forum
| 17 February, 2025 at 10:59 AM
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.
Business Forum
| 13 February, 2025 at 12:05 PM
Bucharest recorded a 20% decline in office leasing, to 339,000 sqm, in 2024, compared to the previous year, although it remained above the five-year average, according to a Colliers report.
Business Forum
| 13 February, 2025 at 9:09 AM
Cluj-Napoca recorded a fourfold growth in office leasing in 2024 and was the biggest regional market for such transactions, according to a Fortim Trusted Advisors analysis.
Business Forum
| 12 February, 2025 at 9:22 AM
Nhood Romania has recorded a turnover of more than €10 million in 2024, representing a 10% increase compared to the previous year.
Business Forum
| 12 February, 2025 at 8:46 AM
InteRo Property Development has announced a €16 million bond issuance to support the development of a Bucharest-based residential complex. The financing was secured through CVI, an independent asset manager overseeing nearly €900 million across eight funds.
Business Forum
| 11 February, 2025 at 5:41 PM
Speedwell Development has appointed Maria Jianu as its new Leasing Director, tasked with growing the tenant portfolio and strengthening strategic partnerships for projects such as Queens District, SpacePlus and Paltim.
Business Forum
| 11 February, 2025 at 9:20 AM
Romania's industrial and logistics sector saw a 27% rise in new supply in 2024, with 572,000 sqm of new spaces completed. The total stock now stands at almost 7.6 million sqm, and over 200,000 sqm are currently under development. according to research by Cushman & Wakefield Exhinox.
Business Forum
| 10 February, 2025 at 12:47 PM
The seven acquired malls are located in Fagaras, Focsani, Gheorgheni, Ramnicu Sarat, Sebes, Slobozia and Targu Secuiesc.