Romanian developer Eden Capital aims to deliver by H2 2026 a new high-end residential complex in northern Bucharest with an estimated value of €130 million.
The leasing volume of industrial and logistics spaces in Romania amounted to 410,500 sqm during H1 2024, down by 25% versus the same period of last year, with close to half of the total take-up recorded in Bucharest region, according to a Cushman & Wakefield Echinox report.
InteRo Property Development, owned by the Canadian Topolinski investors family, has kicked off the construction of a new mixed-use project in Bucharest with a valuation of €1 billion.
The office leasing volume closed in H1 2024 grew by 0.2% compared to the same period of last year, with Bucharest seeing the biggest activity, followed by Cluj-Napoca and Timișoara, according to a report by Fortim Trusted Advisors.
The value of realized transactions reached approximately €63 million, an increase of 35% on the total amount for the same period in 2023.
According to data provided by the National Agency for Cadastre and Real Estate Publicity (ANCPI), 3,862 real estate units were sold in Bucharest in June.
The launch of this product is a significant step towards providing a more budget friendly option for up to 6 riders, or for 4 riders and 2 large pieces of luggage.
EIB Vice-President Ioannis Tsakiris meets Romanian finance, investments and transport ministers as well central bank head.
The Mobile Vet & Mobile Pet network currently consists of 5 clinics and 6 veterinary pharmacies and it plans to continue the expansion by opening two new locations by the end of 2024.
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.
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.