Niro Investment Group has officially opened its luxury boutique hotel Corinthia Grand Hotel du Boulevard Bucharest, following a franchise agreement with the Corinthia hotel chain.
Bucharest's residential real estate sector is experiencing a significant downturn, with a notable drop in both permits and completions, raising concerns about the market's trajectory, according to an opinion by Dr. Sebastian Sipos-Gug - Ebuild srl, Eastern European Construction Forecasting Association (EECFA) Romania.
Bucharest's office market has experienced last year its lowest level of new space delivered in the past two decades, according to a recent report by Colliers.
DP World has launched a comprehensive pan-European logistics service, with its European Control Tower opening in Bucharest.
Bucharest is bracing for another year of low residential deliveries, mirroring the trend observed in 2024. Approximately 18,000 new homes are expected to be completed in Bucharest and its surrounding areas in 2025, according to a report by SVN Romania.
Bucharest has seen a 12% increase in average office fit-out costs in 2024, surpassing €1,000 per sqm, but this level is still among the lowest in capital cities across CEE, according to Cushman & Wakefield Echinox research.
Primes developer, part of R.U. Shalit group, is investing around €20 million in the construction of a new luxury residential complex in northern Bucharest.
CPI Romania has announced the renewal of lease agreements with Deloitte Romania and WPP at The Mark office building in Bucharest, totaling over 12,000 sqm of office space.
Atakan Turhan began his career at Swissôtel The Bosphorus in Istanbul in 1992 after graduating from Boğaziçi University's Department of Tourism and Hotel Management.
Romania is preparing for a wave of new hotel openings in 2025-2026, solidifying its position as an attractive tourist destination in CEE, according to a report by Colliers.
Companies in IT, manufacturing, industry, and the medical and pharmaceutical sectors were the most active in Romania's office rental market over the past five years, generating over half of the demand for new space.
Hagag Development Europe is preparing to reopen the Știrbei Palace on Calea Victoriei, in H2 2025, as a luxury department store.
One United Properties and Tomcat Hospitality have teamed to launch Marketta Food Hall, which is set to become the biggest food hall in Eastern Europe.
Property investor and asset manager Solida Capital has purchased the office project Victoria Center in Bucharest from Manova Partners, marking its first transaction in Romania and strategic expansion into CEE. The deal value was not made public.
Investment in the hotel sector is experiencing a significant upswing, with Romania witnessing a 56% increase in 2024 versus 2023, reaching €69.3 million. This trend aligns with a broader European surge, where hotel investments reached €20.5 billion, marking a 70% rise and establishing hotels as the leading asset class.
Bucharest remains the leader on gross rental yields, while the overall prices in the residential market rose by 14% in 2024, according to a market study by The Concept.
Bucharest recorded a 20% decline in office leasing, to 339,000 sqm, in 2024, compared to the previous year, although it remained above the five-year average, according to a Colliers report.
InteRo Property Development has announced a €16 million bond issuance to support the development of a Bucharest-based residential complex. The financing was secured through CVI, an independent asset manager overseeing nearly €900 million across eight funds.
The works included in the projects are focused on the maintenance of the electricity distribution network.
Romanian developer One United Properties, specialized in office and premium residential projects, is looking to build a portfolio in the retail segment.
OMV Petrom and state-owned gas producer Romgaz have announced the initiation of drilling for the first gas production well in the Neptun Deep project.
While there's significant interest in battery storage systems among Romanian prosumers, cost remains a major obstacle.
Price caps on electricity and natural gas will remain in place under the same conditions as at present, from the start of April to the end of June 2025 for electricity.
The US government is currently reviewing Romania's recent inclusion in the Visa Waiver Program (VWP) to ensure it meets the program's strict security requirements.
Symmetrica, a local manufacturer of vibrated pressed paving stones and kerbstones, is preparing to complete its new factory in Bolintin Vale.