Real estate | 5 August, 2024 at 8:52 AM
STC Partners to start new resi project in Bucharest
STC Partners will start a new residential project in Bucharest after completing the acquisition of a land plot for €7.2 million.
STC Partners will start a new residential project in Bucharest after completing the acquisition of a land plot for €7.2 million.
CBRE Romania has purchased the franchise for a job fair that will be launched for the first time in Bucharest under the “night of companies” concept.
Romanian developer One United Properties has announced that construction has kicked off at Mondrian Hotel in Bucharest, with completion expected in 2026.
Monia Dobrescu, Partner at Mușat & Asociații, spoke to Property Forum about the growing role of ESG criteria in bank financing of real estate projects and the prospects for investment in the local market in 2024.
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.
Industrial developer VGP is expanding a building in VGP Park Brașov by 13,813 sqm, with 20% of the new space already leased.
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.
Private equity (PE) fund investments in Central and Eastern Europe (CEE) reached a total volume of €1.71 billion in 2023, while Romania ranked 4th at the CEE level.
iBanFirst estimates that the dollar index could increase by 10% over five years—thus reinforcing the overvaluation of the US currency compared to its main counterparts.
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.
Christian Tour: Romanians are traveling more and more, choosing international destinations; trips abroad accounted for 49% of sales in 2023.
Country Manager Viorel Leca: "We want to deliver the best logistics solutions for the success of our customers – that's what drives us."
The second largest share (€3.6 billion) respectively pertained to DIY stores, a segment followed by Electro-IT (€3.3 billion) and Fashion retailers (€2.2 billion).
EIB Vice-President Ioannis Tsakiris meets Romanian finance, investments and transport ministers as well central bank head.
Colliers: Logistics and industrial sectors remain in high demand for commercial property transactions.
The company plans to expand its portfolio through both greenfield projects and co-development opportunities.
Romania continues to be among the least digitized countries, including in the private sector, on the European continent.
Data security concerns: 61% of consumers are concerned with ID theft when sharing data, up from 55% 12 months ago.
Investment in production machinery and military equipment in Romania increased by 80% last year compared to the pre-pandemic period.
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.