Business Forum
| 21 May, 2025 at 11:36 AM
Radisson Hotel Group plans large expansion in Romania
Radisson Hotel Group has announced a raft of new developments in Romania, as it sees the country as a pivotal market for growth.
Radisson Hotel Group has announced a raft of new developments in Romania, as it sees the country as a pivotal market for growth.
Property Forum is proud to present the fifth edition of its annual listing of the 50 most influential people in the Romanian real estate market. The publication, along with all previous editions, is now available on the Property Forum website.
Iulius and Atterbury Europe have secured the largest loan ever granted for a new real estate development in Romania. The €400 million syndicated financing will back the development of the Rivus Cluj-Napoca mixed-use urban reconversion project. The green loan was provided by a consortium of four major financial institutions: Erste Bank, BCR, EBRD, and BRD.
Romania has elected a new president in a landmark vote, with independent and pro-European candidate Nicușor Dan defeating far-right rival George Simion with 54% of the vote. The result marks a major political shift, as neither of Romania's traditional parties advanced to the final round. In Poland, the second round of the election is to take place amidst the fiscal clarity issues.
The Romanian construction sector recorded a 3.1% growth in the volume of works in March 2025 compared to March 2024, adjusted for the number of working days and seasonality, according to the National Institute of Statistics (INS).
Romanian entrepreneur Daniel Ștefănescu, owner of mobile phone distributor Gersim, has purchased the IPA office building in northern Bucharest from a group of investors.
In a significant political shift for CEE, Romania elected Nicușor Dan as president on May 18, 2025, while Poland's pro-European candidate Rafał Trzaskowski narrowly led the first round of its presidential election. These outcomes suggest a regional move toward centrist, pro-EU leadership.
Iulius and Atterbury Europe have completed a €40 million investment in the expansion of Iulius Mall Suceava.
The office space market across CEE experienced a slowdown in demand during Q1 2025, with less than 30,000 sqm of office space delivered across the region, according to Cushman & Wakefield Echinox.
Prima Development Group has announced the completion of a residential complex in northern Bucharest totaling 482 units.
Marriott International plans to expand its presence in Romania by adding five new properties and over 550 rooms by the end of 2028.
Service charges for modern office buildings in Romania have seen the most substantial increase in recent years, with approximately a 10% rise in the 2025 allocated budgets,
The European Bank for Reconstruction and Development (EBRD) has cut its 2025 growth forecast for its regions by 0.2 percentage points to 3.0%, with a moderate rebound to 3.4% expected in 2026. This follows a similar downgrade in February and reflects mounting global headwinds, including rising trade policy uncertainty, softening external demand, and newly imposed tariffs.
Hagag Development Europe has partnered with Radisson Hotel Group to launch its first hotel in Bucharest under the Radisson RED brand.
Schindler Romania, part of the Swiss manufacturer of elevators and escalators, is set to move its HQ to Business Garden Bucharest.
Romanian developer One United Properties has raised around €6.5 million in fresh capital from a group of ten investors to support the construction of the new office building for Infineon in northern Bucharest.
The Romanian industrial and logistics market has recorded a 31% year-over-year increase in leased space, totaling nearly 260,000 sqm during Q1 2025, according to a new report by Cushman & Wakefield Echinox.
Romanian hotel manager Amstar Management has sold two projects in Bucharest for an undisclosed amount.
Recent market data by CBRE confirm the resilience of the industrial and retail sectors, which are seeing a sustained pace of construction this year.
Public real estate fund Meta Estate Trust has announced new investments of approximately €4 million in Bucharest's residential sector. The investments, made within the company's trading business line, encompass four residential projects in two key areas of the city.
Budapest-based Shopper Park Plus (SPP) is considering a range of financing options to further its corporate development, following the successful completion of a portfolio deal in Slovakia with a 9.5% yield.
A recent study by Raiffeisen Bank, in collaboration with global market research company Appinio, reveals that three out of four respondents are planning home renovations in 2025.
Romania stands out in the CEE as an increasingly attractive destination for investors in the industrial and office real estate sectors, a Colliers analysis reveals.
Tchibo Brands Romania is moving its headquarters to Vastint's Business Garden Bucharest, occupying 1,130 sqm on the 4th floor of Building A.
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.