NEPI Rockcastle, the largest owner of shopping centers in Romania, aims to cover its electricity consumption exclusively from renewable sources by the end of 2026.
Investors across Europe will continue to focus on sectors with strong structural tailwinds, such as living and logistics, according to a Knight Frank report.
Weerts Group, the developer of the Unirii View Tower office building in Bucharest, has secured a credit facility worth €29.5 million from BCR. The funding will be used to refinance a previous loan for the office project's development.
French property group Catinvest is expanding its presence in Oltenia with the opening of Aparthotel Craiova following an investment of €12 million.
Romania's industrial market reached a total stock of 7.56 million sqm, with 208,300 sqm of new completions in Q3 2024.
The total number of homes completed in Romania in the first nine months of the year was 42,312, down by 18.1% compared to the same period last year, according to a report by the National Institute of Statistics (INS).
Leroy Merlin, part of the French ADEO Group, is one of the largest DIY retailers in Romania, operating an extensive network of 22 stores in 16 cities.
Romanian football player Florin Tănase and FIFA agent Florin Vulturar have jointly started the development of a new residential project in Pipera, located in the northern region of Bucharest.
The construction of the project already started, with the delivery date being estimated for the end of 2026.
The total volume of investments from six CEE countries reached €5 billion in the first three quarters of 2024, and next year the regional real estate investment market could exceed €10 billion, according to a Colliers report.
Techbolide's activities intensified, the team has grown substantially, tripling its employee number in recent years.
Romania records the strongest performance among the six largest economies in Central and Eastern Europe.
Victor Terheș, Sales Director at Bellemonde, talked to Property Forum about the status of its €40 million residential investment in northern Bucharest and the growing demand for homes in this area in the long term.
The shopping center, with a total lettable area of more than 88,400 sqm, occupies a dominant position in Katowice.
The vibrant and well-connected environment of America House has played a key role in supporting OLX's growth, expanding from 65 employees in 2017 to approximately 200 employees.
In total, over 170 million sqm of office spaces are at risk of becoming obsolete in 2030 across 16 European markets.
The Polish fashion retailer signed its original lease at CTPark Bucharest West for 65,000 sqm in 2023 to create its first foreign distribution centre in Romania.
Praktiker Real Estate, the property company owned by Turkish investor Omer Susli, has purchased the Muntenia Business Center offices, in central Bucharest, from Longshield Investment Group for €8 million.
The first building of the Stellaris residential project in western Bucharest is 95% sold, and the works on the second one are progressing according to schedule.
Real estate investment decisions in CEE are currently made considering various challenges, such as difficulty in predicting five-year exit strategies for investments, liquidity in the region, and concerns about the impact of ESG regulations on building compliance and financing, to name a few. CEE Property Forum 2024 in Vienna has taken a closer look at European investment trends in the panel chaired by Tim Wilkinson, MRICS, Head of European Acquisitions at Indotek Group.
U•Center has been developed in line with Forte Partners' strategy to provide all the amenities and features of modern, comfortable urban living.
GARBE has been on the markets in Central and Eastern Europe for 4 years. Now the company has announced the full occupancy of all its industrial parks in the region.
The land market in Bucharest and other regional cities is seeing increasing demand from developers of data centers that want to accommodate growing investments in the country's IT&C industry, according to a report by iO Partners.
Romanian developer Forty Management plans to raise up to €5 million from a bond sale in a bid to finance its international projects.
BT has completed CEE's largest Additional Tier 1 (AT1) bond issuance, raising €500 million in the international capital markets.
Over 87% of Romanians have applied energy reduction measures in recent months at their homes or businesses, while more than 60% are interested in investing in energy efficiency projects...
The EY Entrepreneurship Barometer reveals that 60% of Romanian entrepreneurs plan to invest in innovation, even as 63% consider the business environment unfavourable.
Rețele Electrice Romania has begun implementing a new advanced automated distribution management system (AADMS).
Premier Energy has acquired a 100% stake in a 200 MW battery storage system development near Iași, Romania. The ready-to-build project has a capacity of 400 MWh.