Romanian real estate holding Meta Estate Trust has recorded a 15% year-on-year increase in net profit, reaching RON 10.8 million (€2.2 million) in 2024, while its total revenues rose 22% to RON 34.5 million (around €7 million).
One United Properties has finalised the acquisition of a 21-hectare plot of land in Bucharest's District 5 from CPI Romania for €21 million.
Romanian developer Hexagon has secured a financing of over €18 million from Libra Internet Bank, for the development of a residential complex in Cluj.
The European luxury retail market experienced more moderate growth in 2024, following the significant advances in the post-pandemic period. Within this context, Romania stands out as a market with significant development potential in this segment, although the availability of suitable retail spaces presents a challenge, according to a Cushman & Wakefield report.
Romanian DIY retailer Dedeman, is set to further extend its national presence with the acquisition of approximately 6 ha of land near Vama Giurgiu, on the border with Bulgaria.
Romanian developer Iulius will start this month a remodelling of its mixed-use project Palas Iași, based on a concept by architecture firm Foster + Partners.
Construction labour cost and availability have become the primary concerns for real estate developers in Central Europe, according to a new survey by Deloitte. This shift sees it surpassing project financing, which has been the dominant issue in recent years.
Niro Investment Group has officially opened its luxury boutique hotel Corinthia Grand Hotel du Boulevard Bucharest, following a franchise agreement with the Corinthia hotel chain.
Bucharest's residential real estate sector is experiencing a significant downturn, with a notable drop in both permits and completions, raising concerns about the market's trajectory, according to an opinion by Dr. Sebastian Sipos-Gug - Ebuild srl, Eastern European Construction Forecasting Association (EECFA) Romania.
Romanian textiles maker Brainconf is looking to start an urban reconversion project on a land plot it owns in Brăila.
Romania's banking sector has a relatively low exposure to the commercial real estate (CRE) market, indicating stability and significant growth potential, according to an analysis by Cushman & Wakefield Echinox.
Meta Estate Trust has exited its investment in The Lake Home residential project developed by Novarion, in a deal valued at €2.65 million.
Prime Kapital Development and MAS PLC are preparing to open their new Mall Moldova project in Iași next month.
Bucharest's office market has experienced last year its lowest level of new space delivered in the past two decades, according to a recent report by Colliers.
Courier company Sameday has announced the operational launch of its new logistics centre in Ghimbav, Brașov county.
THR, the public company controlled by Transilvania Investments Alliance, has sold the Balada Hotel, in Saturn resort, to a Romanian buyer for €6.1 million.
Investment incentives across CEE are proving to be a major draw for Research and Development (R&D) and Business Services Sector (BSS) projects, with support reaching up to 70% of qualified costs, according to Colliers' report.
Industrial developer VGP has delivered and has in the construction phase several warehouses across Romania.
Bucharest-based Verita International School, the private school enrolling over 650 students, has announced a partnership with Dukes Education.
Romanian developer Bellemonde is set to expand its residential project in Pipera, near Bucharest, will take the total investment to around €70 million.
More Romanians are looking to rent homes over higher prices and tighter lending conditions, shows a recent survey by Unlock Market Research for Colliers.
Bucharest is bracing for another year of low residential deliveries, mirroring the trend observed in 2024. Approximately 18,000 new homes are expected to be completed in Bucharest and its surrounding areas in 2025, according to a report by SVN Romania.
Bucharest has seen a 12% increase in average office fit-out costs in 2024, surpassing €1,000 per sqm, but this level is still among the lowest in capital cities across CEE, according to Cushman & Wakefield Echinox research.
Romania's land market demonstrated robustness in 2024, registering a transaction volume similar to 2023, of around €450 million, despite economic and political uncertainties, according to a Colliers report.
Romania's annual inflation rate climbed unexpectedly to 5.5% in May, up from 4.9% in April, driven primarily by increases in food and services prices.
Travel tech company FlixBus is adding new international coach connections from Romania to Greece and bolstering existing routes to Bulgaria.
EDP, through its subsidiary EDP Renewables, has opened its largest solar park in Romania, located in Albina, taking its total solar and wind capacities in the country to 570 MW.
The German tech company cbs purchased the SAP division of Romanian company SkyConsult, marking its entry into the local market.
Romanian tech company Metaminds, which supplies digitalization services for both the private sectors, named Ovidiu Ghiman as its new CEO, replacing Andrei Cruceru.