M Core, the biggest owner of retail parks in Romania, has purchased Shopping City Suceava from Argo Capital, for an undisclosed sum.
Camelia Ene has been appointed CEO of Roca Industry, the first Romanian holding company of construction materials manufacturers. She is replacing Ionuț Bindea, who hold the roles of Chairman of the Board and Senior Investment Manager of Roca Investments.
Zacaria Group, specialized in the development of residential and industrial projects, has started the construction of its first retail project in Cisnădie.
Most valuation reports were in relation to bank loan guarantees (60%), but the impact of this category in the total turnover was of only 33%, as it includes many small properties.
Chinese manufacturer UE Furniture has fully acquired a production facility in Timiș County, Western Romania, from local furniture and chipboard manufacturer Rus Savitar.
Investments in the retail sector will continue in 2025 on the local market, while housing prices could increase in the coming period, according to Colliers Romania forecasting.
KÉSZ Group has announced that its Corallis residential complex in Bucharest has already sold homes amounting to around €11.5 million, which accounts for 27% of the whole residential stock in the project.
Colliers consultants forecast economic growth of just over 2% in 2025, but caution that there are significant risks we could result in a softer outcome.
The most valuable apartment sold during this period is a four-room penthouse with a lake view and a rooftop terrace, sold for €530,000 plus VAT.
Softeh Plus will move its headquarters in Timpuri Noi Square starting this spring.
Peștera Wellness & Spa Hotel officially opened its doors to tourists in December, 2024, marking a significant milestone as the first 5-star accommodation in Dâmbovița County.
Victor Constantinescu, Managing Partner & Co-Head of firm-wide Real Estate at Kinstellar Romania, talked to Property Forum about the key deals of 2024 and shared his expectations for the year ahead.
Romania recorded commercial real estate transactions worth around €730 million in the past year, up by 47% compared to 2023, according to a report by iO Partners.
The Romanian land market totalled around €450 million in 2024, a figure similar to 2023, with the residential sector generating the highest volume of transactions, according to estimates by Colliers Romania.
Sales of houses and apartments increased by 7.6% in Bucharest and Ilfov region, in 2024, compared to 2023, according to an analysis by SVN Romania. During the same period, national sales increased by 6.6%.
The highest annual increase in home sales among the five largest regional residential markets in Romania was recorded in Iasi, with an increase of 38.1%.
Griffes' activity outside Bucharest accounted for 25% of its total transaction volume, with Cluj-Napoca leading the way.
Romania remains one of the countries with the lowest mortgage penetration rates in the European Union, according to a Colliers' analysis.
IWG is opening a new coworking location under the Spaces brand in Bucharest-based Vastint Business Garden building that will focus on hybrid work demand.
Ahold Delhaize has completed the acquisition of Romanian food retailer Profi Rom Food SRL (Profi) from MidEuropa for approximately €1.3 billion, the Belgian retailer announced in a press release.
This year, the company will construct 140 single-family houses and expects to generate revenues exceeding €14 million.
MAS has entered an agreement for the disposal of all its strip malls in Romania to M Core Group for €49 million. The deal pending approval from local authorities could be completed by March 2025.
CTPark Bucharest South is strategically located between Bucharest's ring road and the future A0 Motorway, with direct access to the A0.
Tresor Le Palais in Timișoara has joined the Curio Collection by Hilton brand, marking the first transformation of this kind on the local market.
The report finds that managing risk can no longer be a siloed activity relegated to annual planning or discussions between high-ranking officials.
Investments focus on streamlining operations, expanding into international marketplaces and developing services.
The ratio between the total number of tabulated mortgages and the total number of residential transactions registered in 2024 was of 51%.
Nedim Baytorun, Consumer Business Unit Director at Vodafone Romania since July 1st 2021, will take over as CEO of the company.
Following the offer, Norofert issued 69,503 unsecured and non-convertible bonds having a nominal value of RON 100.