Romania's largest distributor of household appliances has renewed its lease contract for more than 8,100 sqm of space at the MLP Bucharest West logistics park.
Structural tailwinds for logistics properties remain intact with strong supply and demand dynamics despite economic uncertainties.
The project, located in Bucharest's 13 Septembrie area, has already been 80% sold, reflecting increased buyer confidence and interest.
Two distinct trends have emerged in 2023: securing entry into prime new locations and optimising the portfolio through best value negotiations, all driven by a market with limited deliveries.
Located between two forests, the homes in NEXO Nature are designed to reduce heating or cooling costs and ensure a healthy lifestyle for residents.
One United Properties concludes a memorandum of understanding for the acquisition of a 21 hectares plot of land located within minutes of driving to Tineretului and Carol parks.
CTP has leased 3,600 sqm of production space at CTPark Oradea Cargo Terminal, to leading Asian EMS (Electronic Manufacturing Services) company Etron Technology.
PickTwo Architecture Studio has embarked on its second venture in Zanzibar, focusing on the design and development of a luxury residential complex.
Ana Hotels announces the reopening of the emblematic "Europa" hotel in Eforie Nord, after the completion of a complex modernization process.
Real estate consultancy company iO Partners announces the successful closing of the sale of Expo Market Doraly to WDP.
Outside Bucharest, companies leased less than a fifth of the total traded area in Bucharest.
Environmental, social, and governance (ESG) principles are no longer just a trend or a buzzword, but rather becoming the norm in the Romanian real estate market.
The consolidated gross profit target is €123.5 million, 15% higher than the result for 2023, while the net profit is estimated to reach €105 million in 2024.
The new logistics hub of the company will benefit from a refurbishment process of the CTP to align with ESG standards
Genesis Property and HP Inc. Romania have signed a 5-year lease extension for 7,000 square meters of office space in YUNITY Park.
Accor, a world leading hospitality group, today announces the grand opening of Mercure Chisinau Center Jazz in Moldova.
Both SMEs and individuals are increasingly turning to second-hand furniture, with demand increasing by 14% compared to previous years.
The management and maintenance costs of the office buildings in Colliers Romania's Asset Services portfolio increased by 9% last year compared to 2022.
The funds will be utilized to refinance the development of 40 green logistics buildings (Green buildings) of Class A.
Value of investment properties reached PLN 4 541.5 million (+2% vs. 31 December 2022), EUR 1 044.5 million (+11% vs. 31 December 2022).
Hexing invests heavily in 8,000 sqm facility generating over 100 high value jobs in Timisoara, at Globalworth Timisoara Industrial Park I, assisted by CBRE.
In a decade of activity on the local market, RE/MAX Romania has grown into a national network of 60 franchises and 700 real estate consultants.
Speedwell announces the start of construction works for the second residential building of the mixed-use urban regeneration project, PALTIM.
The areas located in the northern parts of the city will continue to attract the most residential developments, with almost 40% of new housing supply located here.
Half of proceeds allocated to green loans for smaller businesses and half for green housing loans.
New data shows Primark's decarbonisation programme is beginning to decouple from its growth, with a 1.9% reduction in carbon emissions since 2019.
Fitch has also upgraded GBR's Viability Rating (VR) to 'bb' from 'bb-' and Shareholder Support Rating (SSR) to 'bb-' from 'b-'.
The private placement was brokered by BRD Groupe Société Générale, as Sole Transaction Coordinator, and BT Capital Partners.
Fagura, the fintech platform that connects entrepreneurs and investors, announces a new €1 million funding round secured through convertible notes.