West Gate Studios, the first private residential campus for young people in Romania, offers a total of 1,700 places in 850 studios and apartments.
With the establishment of Redport Contractor, the group has completed the process of internalizing the critical aspects necessary for the success of the projects it develops.
The local real estate developer and investor River Development announces the appointment of Ana-Maria Pascu to the position of Leasing Manager, starting September 2024.
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.
For the second year in a row, industrial and retail assets dominated trading activity, marking a significant shift from previous years when office assets were the primary focus.
VGP registered €45.6 million worth of signed and renewed lease agreements during H1 '24, bringing total committed annualised rental income to €384.7 million.
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 ARC will offer 30,000 square meters of premium office space in a strategic location, and the construction is schedules for completion in 2026.
The historic skylight that will cover the first floor offers a diversity of unusual spaces, from very bright offices to cultural and leisure areas.
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.
This facility introduces an innovative concept that has already proven successful in other international markets and is now available to businesses in Romania.
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.
The largest openings in 2024 were Argeș Mall (51,400 square meters), the new Prime Kapital/MAS REI project in Pitești, followed by Aurora Mall in Giurgiu (13,500 square meters).
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.
Revenue from the residential segment reached €105.4 million, a 14% YoY decrease. However, net income from residential properties increased by 6% YoY to €38.3 million.
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 developer is currently developing 700 residential units in Bucharest, Pipera, Corbeanca/Balotești and other locations in the country.
Logicor also owns an 8.2-hectare plot next to the Arabesque materials warehouse in eastern Bucharest.
Logistics developer Logicor has purchased a land plot spanning 4.6 hectares from toy retailer Jumbo for an undisclosed sum.
The company Miele Tehnica, a subsidiary of the German Miele Group, is expanding its production area in a new facility of 2,000 square meters rented in VGP Park Brașov.
Austrian real estate group Immofinanz, part of CPI Property Group, has sold its office complex Iride Park in northern Bucharest for around €45 million.
The Bucharest Stock Exchange (BVB) indices were showing a significant upward trend in the first few hours of trading on Thursday compared to the previous day's close.
Romanian neobank Salt Bank has recorded over 500,000 customers in the first year of operation, a figure that is double compared to its initial launch projections.
Seamless pipes maker TenarisSilcotub has announced the completion of its first renewable energy production.
Premier Energy has announced its plans to acquire the remaining 25% stake in True Energy Management for €3 million.
Penny Romania announced its expansion plans, targeting 1,000 stores and a total investment of €3 billion over the next decade.