Real estate | 1 August, 2025 at 1:58 PM
Star Residence to buy office building in Bucharest for €19 million
Star Residence Invest has signed a letter of intent to acquire an office building in central Bucharest for €19 million.
Star Residence Invest has signed a letter of intent to acquire an office building in central Bucharest for €19 million.
PPF Real Estate has completed the infrastructure works for ARC, its new office project in Bucharest where it is investing €70 million.
After a period dominated by the tech sector, H1 2025 saw a notable surge in interest from the financial-banking sector in the Bucharest office leasing market, according to data by Crosspoint Real Estate.
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.
Romanian developer Forte Partners has begun construction on the office component of U•Center 3, with a planned investment of €100 million.
Timișoara emerged as the sole Romanian city to experience growth in the office leasing market during H1 2025, defying a national downturn, according to a report by Fortim Trusted Advisors.
Office leasing in Bucharest reached its lowest point in four years during H1 2025, according to Colliers consultants. Total leasing transactions exceeded 100,000 sqm, representing a more than one-third decrease compared to the same period last year.
Romania's commercial real estate market recorded investment deals worth €391 million during H1 2025, down 6.5% compared to H1 2024, with offices gaining a bigger share of the total volumes. This was the second best-performing first half in the last 12 years, surpassing the average for the period by 30%, according to Cushman & Wakefield Echinox.
Lavinia Ioniță Rasmussen, Real Estate Partner at Nestor Nestor Diculescu Kingston Petersen (NNDKP), talked to Property Forum about the firm's growing portfolio in industrial and renewable energy, but also about the new EU rules that will boost investments in green buildings.
Yitzhak Hagag, Co-Founder and Chairman of Hagag Development Europe, talked to Property Forum about the company's investment pipeline north of €360 million and its ongoing developments in luxury retail, offices, residential and mixed-use projects.
Romania's commercial real estate market recorded a total transaction volume of €386 million in H1 2025, down 7.4% compared to the same period last year, according to iO Partners.
George Gardin, Country Manager for Romania at Yellow Tree Group, spoke with Property Forum about the group's first pilot development in Romania, Aria Shopping Center, and the investment vision for the local market going forward, with a focus on diversification into hospitality and in-city logistics.
Fitch Ratings has affirmed Globalworth's Long-Term Issuer Default Rating (IDR) and senior unsecured debt rating at BBB- with a stable outlook, noting the company's efforts in deleveraging and its robust commercial portfolio across Poland and Romania.
Didier Balcaen, CEO and Co-Founder of SPEEDWELL, talked to Property Forum about the company's strong development pipeline in Romania and the trends shaping the local residential and commercial real estate market.
The office project Polona 68 Business Center has been awarded the LEED Gold certification by the US Green Building Council (USGBC).
Alfa Group has acquired the majority of the Iride Park project from CPI Romania, for an undisclosed sum.
Erste Group Bank and its Romanian subsidiary BCR have jointly provided €21 million in refinancing for the Day Tower office building in Bucharest. The loan facility was signed with Danube Capital Partners.
Terra Romania Utilaje de Construcții, part of Austrian construction equipment distributor Terra Holding, has opened its new HQ in Brașov, following an investment of €2.7 million.
Vastint Romania has officially launched the second phase of Timpuri Noi Square, its flagship urban regeneration project in Bucharest.
Romanian entrepreneur Daniel Ștefănescu, owner of mobile phone distributor Gersim, has purchased the IPA office building in northern Bucharest from a group of investors.
BCR recorded a net profit of RON 1.47 billion (€294 million) in H1 2025, a 12% increase from the same period last year. This performance was driven by an improved operational performance and a higher volume of customer business.
BRD-Groupe Société Générale has announced the appointment of Jean Pierre Georges Vigroux, an independent Board Member, as the Interim Chairman of its Board of Directors.
OMV Petrom registered a net profit of RON 2.08 billion (€419.7 million) in H1 2025, a 21% decrease compared to RON 2.62 billion (€528.2 million) in the same period last year.
The Romanian Ministry of Finance is conducting a new IPO for Fidelis government bonds, specifically for retail investors.
Bucharest recorded 8,639 insolvency cases between August 2024 and July 2025, which is a 32% increase compared to the previous 12-month period.