Spanish investment fund Buenavista Equity Partners, formerly GED Capital, has entered into a sale transaction with real estate developer Cordia, owned by Hungarian millionaires Péter and Gábor Futó. The deal involves land located in the Pipera, near northern Bucharest.
Property Forum recently spoke with a prominent player in the Romanian property market, who asked to remain anonymous, about the systemic challenges facing development in the capital, which risks seeing billions of euros in new investments lost due to prolonged administrative blockages.
British investor Ghai Sant Ram has officially launched Horizon City, a new residential development representing a significant investment of €130 million that is based in Pipera, near Bucharest.
Property developer Homing Properties, specialising in the mid-to-high residential segment, has contracted Mantor General Contractor to begin construction on the first phase of the luxury residential project, Homing Village, located in Pipera, near Bucharest.
Koramic Real Estate Romania, the local division of the Belgian family office Koramic Investments, has announced a total investment of €30 million for two new residential projects in Romania.
Local developer City Garden Residence has announced the completion of the second phase of its Bonton Luxury Villas residential complex in Pipera.
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.
Romanian developer Ima Residence, controlled by local entrepreneur Claudiu Diaconu, is launching a new boutique project in Pipera, northern Bucharest, backed by a €15 million euro investment.
Romanian developer Bellemonde is set to expand its residential project in Pipera, near Bucharest, will take the total investment to around €70 million.
Residential developer Homing Properties will invest €35 million in a new complex comprising 140 luxury villas, in Pipera, near Bucharest.
Romanian football player Florin Tănase and FIFA agent Florin Vulturar have jointly started the development of a new residential project in Pipera, located in the northern region of Bucharest.
The Bellemonde residential complex in Pipera, near Bucharest, is recording growth in sales for its villas and apartments.
The groundwork and all foundation excavation have already been completed for the Bellemonde project, which will benefit from a total investment exceeding €40 million.
Romanian developer Alsin Management said it will invest €20 million in the second phase of its residential project First Estates Pipera, with the completion date set for the spring of 2025.
The project will be developed on a total land area of 65,000 sqm and will comprise 140 villas with a total built-up area of 32,000 sqm.
Nobis Gardens is a luxury residential project, comprising only villas, where the first phase will be delivered by the end of 2024, and the second phase in mid-2025.
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.
Romania's annual inflation rate remained unchanged at 9.8% in November.
Romania leads the European Union in both VAT and corporate tax collection failures, losing approximately one-third of potential revenue from each tax, according to a European Commission analysis published this week.
ABB Romania has opened its new customer experience center in Bucharest, a space designed to showcase the company's solutions in electrification, automation, energy efficiency and motion.
As winter holidays approach, Romanians experience both the joy of gift preparation and the pressure of festive spending.
The Investment Committee designated by the Romanian Government for the Recovery Equity Fund has approved financing for five new investment funds in Q4 2025, announced the Ministry of Investments and European Projects (MIPE).