Real estate | 18 June, 2024 at 10:42 AM
Portland Trust announces new tenants for J8 Office Park
This business hub is in a blooming residential area with a focus on connectivity due to the subway and the future metro line developments.
This business hub is in a blooming residential area with a focus on connectivity due to the subway and the future metro line developments.
Very few projects in Bucharest are expected to be delivered in the next two years: only 15,500 sqm in 2024 and 8,000 sqm in 2025.
According to the data provided by the National Agency for Cadastre and Real Estate Advertising (ANCPI), 3,376 real estate units were sold in May 2024.
The Airbus A330 aircraft, registered in Romania as YR-KID, is expected to land at JFK Airport after an uninterrupted journey of approximately 10 hours.
The agreement signifies a joint commitment to enhance healthcare infrastructure in Romania.
The initiation of the project to extend the M4 metro line from Străulești to Gara de Nord, and onward to Gara CFR Progresul, promises new development prospects in southern Bucharest.
In the rest of the country, however, demand in the residential market has seen an even higher increase of 19%.
Developer STC Partners starts phase II of the residential compound Quartier Azuga, located near the Tei area in Bucharest, an investment of €15 million.
By the end of 2024 the stock of modern retail spaces will overpass 4.5 million. square meters setting a new record for Romania.
Two distinct trends have emerged in 2023: securing entry into prime new locations and optimising the portfolio through best value negotiations, all driven by a market with limited deliveries.
Expert reports estimate 49% growth for emerging DataCenter markets in Europe, which includes Romania.
Outside Bucharest, companies leased less than a fifth of the total traded area in Bucharest.
The areas located in the northern parts of the city will continue to attract the most residential developments, with almost 40% of new housing supply located here.
Energy company Electrica informs investors and the capital market that it has obtained the technical grid connection permits (ATR) for 17 new battery energy storage projects (BESS), with a total capacity of approximately 700 MWh.
The European Retail Banking Radar, Kearney's latest study now in its 18th edition, shows that Europe is entering a period of normalisation following the conditions of 2023–2025. For Romania, the challenge extends beyond the normalisation of interest rates.
Digi Spain has announced its intention to launch an initial public offering (IPO) on the Spanish stock exchanges, aiming to raise approximately €150 million.
Romania's national electricity transmission network operator, Transelectrica, has halted scheduled maintenance shutdowns to ensure the grid operates at maximum capacity during an ongoing extreme heatwave. The preventive measures aim to mitigate operational risks associated with severe weather conditions.
The European Commission has approved, under EU State aid rules, Romanian measures for the national investment and development bank Banca de Investiții și Dezvoltare (BID).