The demand for logistics and industrial spaces reached 575,000 sqm during the first 9 months of 2024, down 20% compared with the same period of 2023, according to a Cushman & Wakefield Echinox report.
NewCold, specialized in automated and cold chain international logistics, has entered the Romanian market through a 9-hectare land plot acquisition from WDP in northern Bucharest, for an undisclosed sum. The land is located close to the new A0 ring road of Bucharest.
AFI Europe has purchased the myhive Victoriei building in central Bucharest from Immofinanz for around €27 million. The new owner plans to turn the existing office building into a mixed-use project, with the conversion permit already secured.
Romania's commercial property sector recorded investment transactions of €418 million in H1 2024, up 131% year-on-year, marking the biggest volume growth across CEE, according to Cushman & Wakefield Echinox.
BT raised €1 billion from international markets through a bond issuance that was almost four times oversubscribed, with the bank mitigating the impact of volatility in financial markets.
Romania's national electricity transmission company Transelectrica is managing €51.7 million in funding from the National Recovery and Resilience Plan's (PNRR) REPowerEU component.
The European Commission has opened an in-depth investigation into Romania's planned state support for refurbishing the Cernavoda 1 nuclear reactor, questioning whether the €3.2 billion aid package complies with EU state aid rules.
Vastint Romania, part of Vastint Group, has signed the first lease agreement for the second phase of Timpuri Noi Square (TNS). Scor, a global reinsurer, has selected the project for its permanent operations in Romania, where it will occupy 3,250 sqm.