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.
There are more than 7,800 dental clinics and around 9,500 dentists in Romania and the average cost of treatment per patient is Ron 1,000.
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.
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.
KoçZer, Türkiye's leading procurement and sourcing management company, officially announced its entry into the European market with the establishment of its subsidiary in Romania.
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.
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.
Energy and sustainability were pivotal topics of the event. Romania reaffirmed its ambition to achieve energy independence by 2030.
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.
Romania has the seventh largest M&A transaction in Central and Eastern Europe in the first 9 months.The value of global transactions reached $1.6 trillion, up by 10%.
Hyatt Hotels Corporation has announced plans to expand in the Balkans region, with five Hyatt Regency hotels and resorts expected to open by 2027.
Program empowers women in Romania to step into management or advisory board roles.
Nhood Services Romania has been selected to support the international expansion of the Romanian restaurant chain Spartan.
Romania ranks sixth in Eastern Europe in terms of international gold reserves held.
The merger process marks the first step in a series of similar initiatives that AROBS's management plans to implement in the long term.
French and German families will benefit from sizable price reductions this year, while Romanian ones will see an increase.
VTEX has achieved the AWS Consumer Goods Competency, distinguishing itself as a provider that has demonstrated technical proficiency and proven customer success.
CTPark Bucharest South is strategically located between Bucharest's ring road and the future A0 Motorway, with direct access to the A0.
Corinthia Hotels Group, the operator of Grand Hotel du Boulevard, actively supports local art and culture through initiatives that promote artists in the local communities.