First Property Group has completed the sale of the Dr. Felix 87 office building in Bucharest's Piata Victoriei area to Bucur, a company listed on the Bucharest Stock Exchange. Colliers acted as the exclusive sell-side advisor in the transaction.
Bucharest-based office project Victoria Center has integrated workcloud24's intelligent building optimization platform, as part of Solida Capital's strategy to enhance its portfolio.
Colliers has announced that its property management division is set to manage the Victoria Center office building in Bucharest, which has recently been purchased by Solida Capital Europe.
Romania is entering a new stage, with its multiannual economic recovery programme launching in 2026, carrying an estimated budget of around €5 billion through 2032 and a dedicated framework for anchor-type strategic investments above €200 million, according to experts at EY Romania.
OMV Petrom, an integrated energy producer in Southeast Europe, has made the final investment decision for Gabare, an integrated solar energy and battery storage project in Bulgaria.
Romania's annual inflation rate climbed to 10.85% in May from 10.71% in April, driven by rising costs across all sectors, according to data released by the National Institute of Statistics (INS).