Business Forum
| 11 December, 2024 at 9:41 AM
Florin Tanase and Florin Vulturar start development of Noura Residence
The construction of the project already started, with the delivery date being estimated for the end of 2026.
The construction of the project already started, with the delivery date being estimated for the end of 2026.
The total volume of investments from six CEE countries reached €5 billion in the first three quarters of 2024, and next year the regional real estate investment market could exceed €10 billion, according to a Colliers report.
Techbolide's activities intensified, the team has grown substantially, tripling its employee number in recent years.
Romania records the strongest performance among the six largest economies in Central and Eastern Europe.
Victor Terheș, Sales Director at Bellemonde, talked to Property Forum about the status of its €40 million residential investment in northern Bucharest and the growing demand for homes in this area in the long term.
The shopping center, with a total lettable area of more than 88,400 sqm, occupies a dominant position in Katowice.
The vibrant and well-connected environment of America House has played a key role in supporting OLX's growth, expanding from 65 employees in 2017 to approximately 200 employees.
In total, over 170 million sqm of office spaces are at risk of becoming obsolete in 2030 across 16 European markets.
The Polish fashion retailer signed its original lease at CTPark Bucharest West for 65,000 sqm in 2023 to create its first foreign distribution centre in Romania.
Praktiker Real Estate, the property company owned by Turkish investor Omer Susli, has purchased the Muntenia Business Center offices, in central Bucharest, from Longshield Investment Group for €8 million.
The first building of the Stellaris residential project in western Bucharest is 95% sold, and the works on the second one are progressing according to schedule.
Real estate investment decisions in CEE are currently made considering various challenges, such as difficulty in predicting five-year exit strategies for investments, liquidity in the region, and concerns about the impact of ESG regulations on building compliance and financing, to name a few. CEE Property Forum 2024 in Vienna has taken a closer look at European investment trends in the panel chaired by Tim Wilkinson, MRICS, Head of European Acquisitions at Indotek Group.
U•Center has been developed in line with Forte Partners' strategy to provide all the amenities and features of modern, comfortable urban living.
GARBE has been on the markets in Central and Eastern Europe for 4 years. Now the company has announced the full occupancy of all its industrial parks in the region.
The land market in Bucharest and other regional cities is seeing increasing demand from developers of data centers that want to accommodate growing investments in the country's IT&C industry, according to a report by iO Partners.
Romanian developer Forty Management plans to raise up to €5 million from a bond sale in a bid to finance its international projects.
Recently, Romanians want homes with high curtain walls, which imitate glass buildings, to offer a generous glazed space that maximizes natural light.
The disposable income gap between CEE economies, which are enjoying solid economic expansion, and stagnating Western European countries is narrowing fast. This is buoying consumer spending in markets like Poland and Romania and attracting international and regional retailers to large modern shopping centres that dominate the CEE's shopping and experience landscapes, while also offering higher margins and lower costs, NEPI Rockcastle's latest research concludes.
Property group NEPI Rockcastle has purchased a photovoltaic project in Arad County, Western Romania and plans to start its construction in early 2025.
Bucharest-based Calea Victoriei, the main retail street in Romania, boasts a prime monthly rental level of €60 per sqm, which was 9% higher compared with last year, according to a Cushman & Wakefield report.
Edwin Warmerdam, Partner, Head of Tax at Forvis Mazars in Romania, spoke to Property Forum about the taxation outlook in 2025 and the tax changes that could spur investments in the local market.
Anchor Grup has announced its Bucharest-based residential project Select Residences has reached the delivery phase.
The project covers an area of 8,500 m2 of land and has approximately 47,000 m2 built, including the underground, and each of the three buildings has a height of S+P+10E+Duplex.
Residential deliveries in the Bucharest-Ilfov region were down 23% in the first half of 2024 compared to the same period of last year, according to a report by SVN Romania. The agency estimated last spring that this year could bring the lowest number of new homes delivered in the past five years.
Private equity fund MidEuropa has agreed to sell private healthcare chain Regina Maria to Mehiläinen Group, the largest private healthcare provider in Finland backed by investment fund CVC.
Romania's insurance market saw a total volume of gross written premiums of RON 23.4 billion (€4.7 billion) during 2024, up 11% compared to the previous year, according to a report by the Financial Supervisory Authority (ASF).
Romania's informal economy represents about one eighth of its GDP, according to an EY report.
Public food service company Sphera Franchise Group has earmarked approximately RON 100 million (around €20 million) for investments in 2025.
Vista Bank Romania has agreed to take over the loan portfolio of Eurobank's former subsidiary in Romania Bancpost.