Real estate | 21 July, 2025 at 9:46 AM
Forte Partners starts new office project in Bucharest
Romanian developer Forte Partners has begun construction on the office component of U•Center 3, with a planned investment of €100 million.
Romanian developer Forte Partners has begun construction on the office component of U•Center 3, with a planned investment of €100 million.
Local developer EnVogue Residence will include a Hilton Garden Inn hotel in the final construction phase of the EnVogue Residence – Iuliu Maniu project. The hotel will be part of a new, two-section building whose structure has already been finalised.
Office leasing in Bucharest reached its lowest point in four years during H1 2025, according to Colliers consultants. Total leasing transactions exceeded 100,000 sqm, representing a more than one-third decrease compared to the same period last year.
Lavinia Ioniță Rasmussen, Real Estate Partner at Nestor Nestor Diculescu Kingston Petersen (NNDKP), talked to Property Forum about the firm's growing portfolio in industrial and renewable energy, but also about the new EU rules that will boost investments in green buildings.
The VAT for new home purchases will climb to 21% starting next month, as part of Romania's effort to balance its public finances.
Local developer City Garden Residence has announced the completion of the second phase of its Bonton Luxury Villas residential complex in Pipera.
Local developer Redport, in collaboration with entrepreneur Dan Șucu, obtained the Detailed Urban Development Plan (PUD) approval for the first two phases of its mixed-use scheme Infinity Nord in northern Bucharest.
George Gardin, Country Manager for Romania at Yellow Tree Group, spoke with Property Forum about the group's first pilot development in Romania, Aria Shopping Center, and the investment vision for the local market going forward, with a focus on diversification into hospitality and in-city logistics.
Hercesa Romania has announced the launch of sales for Vivenda Prime, a new residential project in Eastern Bucharest comprising 105 apartments.
Colliers Romania has been appointed to coordinate the repositioning process for the two Unirea Shopping Centres in Bucharest and Brașov. These centres boast significant retail spaces, with the Bucharest location covering over 80,000 sqm and the Brașov centre 16,000 sqm.
Romania is increasingly attracting international investors due to its competitive technological capabilities and a conducive ecosystem for AI development, finds a new CBRE report.
Skanska's Equilibrium 2 office project, located in northern Bucharest, has achieved WiredScore Platinum certification.
Industrial developer WDP has announced the development of a new sustainable distribution centre, spanning approximately 54,000 sqm, for an international retailer at WDP Park București – Ștefănești.
Schrack Technik Romania, the local subsidiary of the Austrian group Schrack Technik, a producer and distributor in the electrical installations and equipment market, recently inaugurated a logistics centre for electrical materials, following a €15 million investment.
The office project Polona 68 Business Center has been awarded the LEED Gold certification by the US Green Building Council (USGBC).
Olala! is strengthening its strategic expansion in the Romanian market with the acquisition of two hotels located in central Bucharest – Hotel Duke Romană and Hotel Duke Armenească – in a €5 million transaction.
Romanian developer Millstone, controlled by Johan Rogiers and Horia Chioseaua, has officially begun construction on a boutique residential project on Calea Victoriei, in central Bucharest, which represents a €18 million investment.
Romania offers competitive advantages for attracting data centre investments, according to an analysis by Cushman & Wakefield Echinox experts.
Erste Group Bank and its Romanian subsidiary BCR have jointly provided €21 million in refinancing for the Day Tower office building in Bucharest. The loan facility was signed with Danube Capital Partners.
Hagag Development Europe has started the construction for the second and third phases of H Pipera Lake residential complex in Pipera, near Bucharest, after securing the permits from local authorities.
The current conflict in Iran may only have a marginal impact on the global economy, according to an opinion by stock exchange broker Investimental.
Romanian energy company Simtel Team has appointed Petre Stoian as CEO to consolidate its management structure as the group expands its operations.
The Romanian government has adopted an emergency ordinance for administrative reform that officially recognises what specialists have long signalled: public administration is oversized, fragmented and financially unsustainable, according to an opinion by PwC Romania experts Dinu Bumbăcea and Cristian Cortez.
Romania continues to lag significantly behind the European average regarding the modernisation of its rail infrastructure.
Romania's Ministry of Finance has announced a new spring edition of its Tezaur government bond programme, offering citizens attractive investment opportunities with annual interest rates reaching 7%.