Business Forum
| 31 May, 2024 at 10:32 AM
Kinstellar advises Globalworth on logistic portfolio to CTP Europe
The transaction was signed in March 2024 with closing having occurred in May 2024.
The transaction was signed in March 2024 with closing having occurred in May 2024.
Among Millennials and Gen X employees, percentages are 56% and 52% respectively, according to a survey of 1,247 respondents nationwide by Genesis Property.
Only one scheme (5,000 sqm GLA) was delivered during Q1, namely Cometex Hunedoara, this being the lowest recorded quarterly new supply since Q1 2017.
The portfolio, comprised of 270,000 sqm GLA and 30ha landbank, includes six industrial parks and other complementary facilities in six key locations in Romania
The hybrid working system has remained in practice in many companies even after the end of the pandemic, but the number of employees returning to the office is growing.
The new lease agreement followed an efficient real estate process led by CBRE Romania and spans a term of 10 years, covering a surface area of 700 square meters.
Alina Vladulescu and Catalina Toma are partnering and launching WIN Advisors, a regional hub for hotel consulting and management.
The first quarter of 2024 ended with real estate investments in Romania totalling €202 million, up 69% compared to the first three months of 2023.
Following a two-year period of continuous expansion, the global luxury retail market witnessed an expected decelaration in 2023.
April 2024 was a remarkable month for the real estate market in the Capital. The significant increase in sales reflects increased buyer confidence in the market's growth potential.
Building A covers an area of 25,950 sqm and has already two significant tenants, who have signed lease contracts for a total of 8,158 sqm.
In the first quarter of the year, IMPACT generated revenues of RON 41 million, up 89% compared to the first quarter of last year.
One United Properties posts a consolidated turnover of €84.3 million for Q1 2024, a 5% decrease compared to Q1 2023.
Romania's No. 1 property developer lists first asset on the real estate tokenization platform, with two more underway in the following 12 months.
The announcement marks the completion of a €16 million investment by Indotek that created a premier mass-market destination for international retail brands.
In the rest of the country, however, demand in the residential market has seen an even higher increase of 19%.
Developer STC Partners starts phase II of the residential compound Quartier Azuga, located near the Tei area in Bucharest, an investment of €15 million.
Half of the real estate companies in Central Europe (49%) estimate investment to increase this year and only 19% expect a decrease (down from 51% in 2023).
The top real estate segments attracting the most investments are retail, hotels second and industrial third.
In Q1 2024, 92 apartments with a total surface of 10,618 sqm, 228 parking spaces and other unit types were sold and pre-sold.
Imoteca - The residential experts - announces a significant expansion of its portfolio in Romania and the launch of sales operations for the real estate market in Spain.
Today's employees are not looking for a simple job, but for a work environment that offers a complete experience and allows to combine work with recreation and relaxation.
One United Properties announces that CMS Romania, a top law firm and one of its tenants, has decided to extend on a long term its lease contract at One Tower.
By the end of 2024 the stock of modern retail spaces will overpass 4.5 million. square meters setting a new record for Romania.
Optional pension funds in Romania can allocate up to 10% of their total assets to private equity investment funds in Romania, the EU, and OECD countries.
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.
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.
Engie Romania has announced the acquisition of a 54 MW wind farm project in Mereni, Constanța. The deal contributes to the company's goal of reaching 1 GW of installed capacity.