Tag: Romania (389 articles)

Real estate | 20 August, 2024 at 4:07 PM

Cătălin Năstăsoiu, Genesis Property: Integrating the wellness wheel into offices

The current workforce landscape has been significantly influenced by recent challenges, leading to a shift in how employees perceive their well-being. This highlights the importance for employers to prioritize their employees' health and happiness, actively supporting them and fostering a workplace culture that values holistic well-being, writes Cătălin Năstăsoiu of Genesis Property.

Real estate | 20 August, 2024 at 12:05 PM

AFI Europe buys landmark office building in Bucharest from Immofinanz

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.

Real estate | 20 August, 2024 at 11:29 AM

Bellemonde secures funding for resi project near Bucharest

Romanian developer Bellemonde Developement has obtained €21 million in funding from Libra Internet Bank for a residential project in Pipera, near Bucharest.

Real estate | 19 August, 2024 at 8:00 PM

Financial institutions' requirements on green certifications are often too modest

Adrian Pop, General Manager of ADP Green Building, spoke with Property Forum about the role of financial institutions in increasing the sustainability of real estate projects and the growing demand for certifications from international real estate investors.

Real estate | 19 August, 2024 at 6:00 AM

Real estate remains one of the least digitised sectors

Bogdan Nicoară, CEO of Bright Spaces, talked to Property Forum about the startup's plan to operate in eight markets by year-end and the diversification of its digitalisation platform for real estate companies. He also mentions some of the main trends shaping the proptech industry.

Real estate | 14 August, 2024 at 1:13 PM

HILS Development posts 28% resi sales growth in H1 2024

Romanian developer HILS Development has announced a 28% increase in residential sales during H1 2024 compared to the same period of last year, while revenue was up 25% year-on-year. 

Real estate | 12 August, 2024 at 3:07 PM

Bucharest mayor to issue traffic permits for new property developments

Bucharest's Mayor Nicușor Dan has announced that he will be tasked with issuing traffic permits for new Urban Zoning Plans (PUZ), Urban Developing Plans (PUD) and construction authorizations.

Real estate | 9 August, 2024 at 4:00 AM

Investment in Romania's regional cities shows upward trend

Lavinia Ioniță Rasmussen, Partner at NNDKP's Real Estate practice, spoke with Property Forum about the acceleration of commercial and residential development in regional cities and the potential of the local market to offer higher returns for property investors compared to other countries in the region.

Energy | 8 August, 2024 at 11:51 AM

Deloitte assisted Entek Elektrik Üretimi in its entry on Romanian solar power field

The acquisition marks Entek's entry into the Romanian energy market, with a transaction value of approximately €32.9 million, subject to closing adjustments.

Real estate | 8 August, 2024 at 10:57 AM

Romania ranks third in CEE on commercial investments H1 2024

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. 

Economy | 8 August, 2024 at 10:33 AM

E-commerce market in Romania estimated to reach €10 billion by 2025

E-commerce expansion is fueled by access to digitalization and the rising incomes of the young population and digital natives, but also by the evolution of technology.

Real estate | 7 August, 2024 at 4:30 PM

Romania ranks among cheapest resi markets in Europe

The average price of new homes in Romania amounted to €1,504 per sqm in 2023, which was the third lowest price in Europe, behind Bosnia and Herzegovina and Greece, according to a Deloitte report. 

Economy | 7 August, 2024 at 4:05 PM

Edenred Digital Center technology hub reaches over 300 employees

Edenred Digital Center has become a source of technological innovation, contributing to the group's positioning as a leader in digital innovation in the markets where it operates.

Real estate | 7 August, 2024 at 3:04 PM

Bucharest's short-term rental industry totals €24 million in H1 2024

Bucharest's short-term rental industry is expected to outperform the previous year's level and has already recorded estimated revenues close to €24 million in H1 2024, according to a Crosspoint Real Estate report. 

Real estate | 7 August, 2024 at 10:46 AM

Romania maintains third position in Europe with the cheapest new housing

Austria remains the most expensive country, with €4,920/sqm in 2023, followed by Germany (€4,700/sqm), France €(4,538/sqm).

Real estate | 7 August, 2024 at 9:25 AM

One United Properties posts slight growth of resi sales in H1 2024

Romanian developer One United Properties says its volume of sold and pre-sold residential units, parking spaces and commercial spaces amounted to around €123.8 million during H1 2024. This result is up by 2.5% compared to the same period of last year. 

Real estate | 6 August, 2024 at 11:23 AM

Hili Properties buys remaining stake in Bucharest office building

Hili Properties, the real estate arm of Hili Ventures, has successfully secured the remaining 25% shareholding of the company which owns the MIRO office building in northern Bucharest. 

Real estate | 5 August, 2024 at 5:45 PM

Traditional property investors are turning to renewable energy

Roxana Frățilă, Partner, Head of Real Estate & Construction at CMS, spoke to Property Forum about the key deals closed in the retail market in 2023 and accelerating investment in renewable energy.

Real estate | 5 August, 2024 at 2:54 PM

iO Partners completes development management for solar farm in Romania

iO Partners has provided development management services for a 126 MW solar farm in Văcărești locality, Dâmbovița County. 

Real estate | 5 August, 2024 at 10:38 AM

Romania inks memorandum with Google on digital infrastructure

Romania's Government has signed in mid-July a memorandum of understanding with US tech giant Google as the country is looking to boost its cloud infrastructure for public services. 