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.
Recently, Romanians want homes with high curtain walls, which imitate glass buildings, to offer a generous glazed space that maximizes natural light.
The disposable income gap between CEE economies, which are enjoying solid economic expansion, and stagnating Western European countries is narrowing fast. This is buoying consumer spending in markets like Poland and Romania and attracting international and regional retailers to large modern shopping centres that dominate the CEE's shopping and experience landscapes, while also offering higher margins and lower costs, NEPI Rockcastle's latest research concludes.
Property group NEPI Rockcastle has purchased a photovoltaic project in Arad County, Western Romania and plans to start its construction in early 2025.
Bucharest-based Calea Victoriei, the main retail street in Romania, boasts a prime monthly rental level of €60 per sqm, which was 9% higher compared with last year, according to a Cushman & Wakefield report.
Edwin Warmerdam, Partner, Head of Tax at Forvis Mazars in Romania, spoke to Property Forum about the taxation outlook in 2025 and the tax changes that could spur investments in the local market.
Anchor Grup has announced its Bucharest-based residential project Select Residences has reached the delivery phase.
The project covers an area of 8,500 m2 of land and has approximately 47,000 m2 built, including the underground, and each of the three buildings has a height of S+P+10E+Duplex.
Residential deliveries in the Bucharest-Ilfov region were down 23% in the first half of 2024 compared to the same period of last year, according to a report by SVN Romania. The agency estimated last spring that this year could bring the lowest number of new homes delivered in the past five years.
The number of construction permits for residential buildings in Bucharest decreased with an annual rate of 4.2% in the first 9 months of 2024.
Hyatt Hotels Corporation has announced plans to expand in the Balkans region, with five Hyatt Regency hotels and resorts expected to open by 2027.
Nhood Services Romania has been selected to support the international expansion of the Romanian restaurant chain Spartan.
he financing includes a loan to be used for the construction of the development in the amount of €28.5 million.
The Group currently operates 23 logistics parks, with strategic emphasis on urban logistics projects and Big Box facilities.
IMPACT had 333 pre-sold units in all projects as of September 30, 2024, with a total value of RON 193 million.
Wallberg has obtained the construction permit and financing for the fourth residential building in the XCity Towers complex in Timișoara.
Romania's Q1 of 2026 marks a shift in economic pressure from small businesses to larger companies with significant economic impact.
Premier Restaurants Romania, the operator of McDonald's restaurants in Romania, has launched a national recruitment campaign as part of its expansion plans. The company aims to create over 500 new jobs in 2026, with more than 1,400 positions planned over the next three years.
Sphera Franchise Group, Romania's largest food service group, reported consolidated sales of €75.6 million in Q1 2026, up 4.2% compared to the same period last year. Growth was driven by the return to positive performance of KFC Romania and the strong evolution of Taco Bell.
Romanian travellers are turning the 1 June long weekend into an early-summer getaway moment, according to Kiwi.com booking data.
Hidroelectrica has signed a contract for the turnkey development of the Tudor Vladimirescu Photovoltaic Power Plant in Brăila County, marking a step in the company's strategy to diversify its renewable energy generation portfolio.