Business Forum
| 1 April, 2024 at 1:17 PM
ARA Europe and Gheorghe Iaciu sell Doraly Expo Market to WDP
Real estate consultancy company iO Partners announces the successful closing of the sale of Expo Market Doraly to WDP.
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.
2023 ended with solid activity levels for industrial and logistics, with some 770,000 square meters of leasing deals closed.
Noark Electric Romania announces the inauguration of their logistics center in Romania, which will serve the countries in the region.
Despite initial challenges, Romania's residential real estate market demonstrated resilience throughout 2023, setting the stage for a promising outlook in 2024.
The largest urban regeneration project in the North of the Capital - Nusco City has signed a partnership with the renowned Fuksas Architecture Studio.
13% of Romanians aged between 18 and 55 in urban areas are renters and around 18% share a home they do not own with parents
Accor group expands its portfolio in Romania with the signing of a new franchise agreement with Paradis Hotels & Resorts for the conversion of the Dana Holiday Club.
The global professional services company has fortified its presence in Romania through an office lease meant to easily accommodate its expansion perspectives
Romanian property company Impact Developer & Contractor said its net profit amounted to 39.9 million lei (around €7 million) in 2023, down by more than 59% versus 2022 over lower revenue from residential sales.
Repaco Capital has started the construction of Crevedia Retail Park that will be completed in H2 2024 near Bucharest following an investment of €15 million.
The revision to Romgaz's rating outlook follows the recent revision to Romania's sovereign rating outlook dated December 17, 2024.
The elimination of the holiday vouchers will freeze or cancel investments in tourism infrastructure.
As of September 30, 2024, there were 9.03 million participants enrolled in the 17 private pension funds, compared with 8.86 million at the end of the previous year.
Total gross claims paid (including branches) amounted to around RON 8 billion in the first nine months of 2024.
The park celebrated its achievements at the “SUM IT UP #7” event, marking its anniversary with stakeholders from government, business, and international partners.