Real estate

Business Forum   |   22 January, 2025 at 1:39 PM

KÉSZ Group resi project in Bucharest reaches 27% sale rate

KÉSZ Group has announced that its Corallis residential complex in Bucharest has already sold homes amounting to around €11.5 million, which accounts for 27% of the whole residential stock in the project. 

Business Forum   |   15 January, 2025 at 10:27 AM

Land deals in Romania reach €450 million in 2024

The Romanian land market totalled around €450 million in 2024, a figure similar to 2023, with the residential sector generating the highest volume of transactions, according to estimates by Colliers Romania. 

Business Forum   |   14 January, 2025 at 2:54 PM

Resi sales up by 7.6% in the Bucharest-Ilfov region in 2024

Sales of houses and apartments increased by 7.6% in Bucharest and Ilfov region, in 2024, compared to 2023, according to an analysis by SVN Romania. During the same period, national sales increased by 6.6%. 

Business Forum   |   14 January, 2025 at 12:09 PM

Home sales increased by 6.6% at a national level

The highest annual increase in home sales among the five largest regional residential markets in Romania was recorded in Iasi, with an increase of 38.1%.

Business Forum   |   13 January, 2025 at 11:07 AM

Griffes closes 2024 as market leader

Griffes' activity outside Bucharest accounted for 25% of its total transaction volume, with Cluj-Napoca leading the way.

Business Forum   |   9 January, 2025 at 8:49 AM

IWG opens new coworking space in Bucharest

IWG is opening a new coworking location under the Spaces brand in Bucharest-based Vastint Business Garden building that will focus on hybrid work demand.

Business Forum   |   7 January, 2025 at 8:21 AM

Ahold Delhaize completes Profi acquisition in Romania

Ahold Delhaize has completed the acquisition of Romanian food retailer Profi Rom Food SRL (Profi) from MidEuropa for approximately €1.3 billion, the Belgian retailer announced in a press release. 

Business Forum   |   21 December, 2024 at 11:03 AM

MAS sells strip malls in Romania for €49 million

MAS has entered an agreement for the disposal of all its strip malls in Romania to M Core Group for €49 million. The deal pending approval from local authorities could be completed by March 2025.

Business Forum   |   19 December, 2024 at 1:35 PM

Hilton enters Timișoara's hotel market

Tresor Le Palais in Timișoara has joined the Curio Collection by Hilton brand, marking the first transformation of this kind on the local market. 

Business Forum   |   18 December, 2024 at 2:18 PM

Investors in Romania expect growth in logistics during 2025

Investors view the logistics sector with optimism and, to a lesser extent, retail over the next 12 months, according to a Cushman & Wakefield Echinox study conducted among the most important investors and developers in Romania.

Business Forum   |   18 December, 2024 at 8:39 AM

Altex buys Brico Dépôt Romania for €70 million

Altex Romania retailer has purchased DIY network Brico Dépôt Romania from Kingfisher in a deal worth €70 million. The closing is expected to take place in H1 2025. 

Business Forum   |   17 December, 2024 at 4:23 PM

Bulgaria to drive growth in EE construction sector in 2025

The biggest growth in Eastern Europe is foreseen in Bulgaria going into 2025, while the rest of the countries are projected to make side moves in the coming years, according to a report by the Eastern European Construction Forecasting Association (EECFA).

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Industry

Purcari Wineries acquires Romanian winery in Vrancea

Purcari Wineries has announced that its Romanian subsidiary Crama Ceptura has signed an agreement to acquire 100% of the share capital of CaraprodVin, a wine producer located in Vârstecoiu Commune, Vrancea County.