Contract renewals accounted for approximately 50% of office transactions in Bucharest during H1 2024, while the total demand fell to around 160,000 sqm, according to a Colliers report.
Romanian developer Iulius is investing €40 million in the expansion of Iulius Mall Suceava that will increase the leasable area of the project to 60,000 sqm.
LSEG Romania is one of the Group's largest Technology and Operations hubs across the world, with more than 1,000 employees in Bucharest.
55% of companies managed to increase their sales in 2024 by adding new products/services, 52% by increasing investments in marketing, and 38% by opening new distribution channels.
Property Forum's annual SEE Property Forum Award Ceremony will take place during SEE Property Forum on 22 October 2024. The list of award categories is already available and the nomination period has just been extended by four days until September 20th. In this article, we answer all potential questions related to the nomination process and explain how the winners will be selected.
Romanian investor and developer River Development has announced its rebranding as Sema Real Estate, with all current and new projects to be reunited under this umbrella.
Recent bilateral meetings with Türkiye's VP which took place in May 2024 showed that Türkiye's direct investments in Romania have reached $7.5 billion.
Industrial developer CTP has appointed Jovan Radosavljevic as its new Managing Director for Romania, tasked with overseeing the company's expansion in the country.
The ongoing residential developments in areas near Bucharest count around 28,500 apartments, with Voluntari town and Tunari commune among the locations with the biggest volume of new construction, according to a report by Imobiliare.ro.
As part of the brand's launch strategy in Europe, Romania becomes one of the nine European markets to open sales for the first batch of Leapmotor C10 and T03 electric cars.
The volume of office leasing in Bucharest amounted to 168,000 sqm during H1 2024, down 11% compared to the same period of last year, with the average new lease deal at more than 1,100 sqm, according to Cushman & Wakefield Echinox.
Romania's commercial investment transaction volume could hit €1 billion this year considering the amount of deals close to completion, according to a report by Colliers.
The Romanian unit of Strabag has been selected as generator contractor for the construction of a new office building for PPF Real Estate in Bucharest.
Romanian developer Genesis Property has obtained the BREEAM International In-Use certification, Outstanding, for Building F in its Bucharest-based Yunity Park business campus.
Romanian developer Iulius has obtained the urban zoning plan (PUZ) from the local council for a new urban regeneration project in Cluj-Napoca that will have a planned investment of more than €500 million.
Industrial developer CTP has launched its first CTBox building in Romania on the premises of CTPark Bucharest West.
Romania's retail stock expanded by around 106,000 sqm during H1 2026, with another 205,000 sqm under development that could help the country reach the 5 million sqm milestone at the end of 2026, according to a Colliers report.
At the same time, approximately 9% of children in Romania require medical support for various mental and emotional issues, according to a UNICEF study.
Investors originating from Belgium had the biggest share in Romania's commercial property sector in the first eight months, according to a Fortim Trusted Advisors study.
Romanian investors have bought office buildings, hotels in smaller towns or mountain resorts, two small shopping centers and portfolios of shops on the street.
The Romanian Ministry of Finance successfully raised €4 billion on October 2 in its final and most successful Eurobond issuance of the year.
Investors in Central Europe are optimistic about the upcoming months, according to the latest Deloitte Central Europe Private Equity (PE) Confidence Survey.
Romania's private companies are forecasting a slowdown in salary growth for 2026, with an average projected increase of 6%.
CEC Bank and the Investment and Development Bank (BID) have signed a landmark agreement to provide individual guarantees for public sector entities in Romania.
Bogdan Putinică has announced his resignation from his position as Microsoft Area General Manager for Central Europe, which includes operations...