Mitiska REIM has announced the opening of a new retail park in Pitești, the first of four new retail projects that the investor plans to open in Romania in the next two years.
Phase IV, the final phase of the residential project, has obtained the urban planning certificate and is in the documentation preparation stage for obtaining the building permit.
At the Extraordinary General Meeting, shareholders approved the consolidation of shares at a ratio of 50:1, meaning that for every 50 shares, shareholders will receive 1 share.
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Romanian developer Cityring Property is exploring a new residential development on a land plot of 6.5 hectares in northern Bucharest close to Atria Urban Resort, where it launched the last development phase.
The new apartments are ready to welcome their owners, who can already move in, the process of signing the sale-purchase contracts starting with October 1st.
Romania's residential market recorded around 26,000 new home completions during H1 2024, down 20% over the same period of last year, according to Colliers data.
RRG Real Estate Group (RRG) says it will invest €60 million in a Bucharest residential project that will be delivered at the end of 2026.
Relative to incomes, buyers are experiencing one of the most favorable periods in history to buy a home in Romania.
The first phase of First Estates Pipera, comprising 232 apartments, has already been sold in a proportion of over 95%. The delivery of the units to the buyers is in progress.
IRIDE is the first and one of the largest business parks in Bucharest, located in the Pipera area.
Romanian developer Alsin Management said it will invest €20 million in the second phase of its residential project First Estates Pipera, with the completion date set for the spring of 2025.
The 1,000-hotel milestone was achieved in 2024 with a spate of standout openings that included Mercure London Earls Court and Mercure Chandigarh Tribune Chowk.
The company plans to invest €2.8 million in a new office building that can accommodate up to 100 people.
Bogdan Papandopol, Partner and Head of Dentons' Global Real Estate Group in Bucharest, talked to Property Forum about the growing investments in green property projects and the reduction of lease terms in the commercial sector.
Evo Properties has announced the reconversion of the London and Oslo office buildings in Bucharest into a multifunctional hub.
The PeliPartners team was coordinated by Francisc Peli (Managing Partner) and Alexandra Ioniță (Managing Associate).
Operational costs are expenses incurred by tenants, which are added to the rent and together compose the occupancy costs.
CTP has announced the expansion of its partnership with cargo-partner, a full-range info-logistics provider, with the leasing of 7,800 sqm at CTPark Cluj.
Romanian industrial developer Global Vision has launched a new technology and innovation division, with a strategic aim of implementing custom AI solutions across its portfolio of real estate and green energy projects.
Property Forum is excited to announce that for the first time ever, we're inviting our readers to select the winner of one of our SEE Property Forum Awards. Voting for the Real Estate Company of the Year category is open now and closes at the end of the day next Monday (23:59 on 7 October).
WasteTracker is an intuitive, easy-to-use tool designed by experts from the real estate industry. It consists of a weighing terminal, and an analytical system.
VAUNT facilitates the sales process for real estate developers through a series of modules it provides for lead management, closing contracts, transaction tracking and more.
The project will be developed on a total land area of 65,000 sqm and will comprise 140 villas with a total built-up area of 32,000 sqm.
The government has greenlit a memorandum to approve a €500 million financing contract between Romania and the European Investment Bank (EIB) to support the A1 Sibiu-Pitești motorway project.
Vastint Romania has joined a wider initiative for the revitalisation of the Dâmbovița River, its banks, and surrounding areas.
DRUID AI, the developer of an enterprise AI platform, has secured a $31 million Series C financing round to propel the global expansion of its agentic platform.
Exim Banca Românească has provided approximately €14 million in financing for a new greenfield investment.
Coca-Cola HBC Romania has completed an investment of RON 5 million (€1 million) in a new photovoltaic park at its plant in Timișoara.