Romanian construction group Bog'Art has published its first sustainability report that outlines the company's results and objectives under the ESG development framework.
Affan Yildirim, General Manager, member of the Board of Directors of Anchor Grup, and member of the Board of Directors of MallDova, talked to Property Forum about the trends shaping the Romanian retail market and the investments made in București Mall over the past 25 years to accommodate evolving demands of tenants and shoppers.
Romania's total stock of industrial and logistics spaces could reach the 8 million sqm threshold at the end of 2025, if the recent annual development pace of around 500,000 sqm is maintained, according to a report by Cushman & Wakefield Echinox.
Prime Kapital has started the development of close to 600 apartments in Bucharest and Iași following the completion of 700 residential units in both cities.
Speedwell has started the construction of the last building of its Triama Residence project in Bucharest.
Total demand for office leasing in Bucharest dropped by 25% to 236,000 sqm in Q3 compared to the same period of 2023, while new demand fell 11% to 82,000 sqm in the same interval due to the slowdown of the IT&C sector, according to a Colliers report.
Hils Development, the real estate group owned by Romanian entrepreneur Ionuț Negoiță, has purchased two land plots spanning 12 ha in western Bucharest.
Shoe retailer Deichmann has leased 20,000 sqm in the industrial project ELI Park Bucharest, in a move designed to consolidate its regional distribution operations.
Mitiska REIM has announced the opening of a new retail park in Pitești, the first of four new retail projects that the investor plans to open in Romania in the next two years.
In 2023, Romanian e-commerce of goods and services reached €10.6 billion, representing 3.32% of GDP.
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Romanian developer Cityring Property is exploring a new residential development on a land plot of 6.5 hectares in northern Bucharest close to Atria Urban Resort, where it launched the last development phase.
Romania's residential market recorded around 26,000 new home completions during H1 2024, down 20% over the same period of last year, according to Colliers data.
RRG Real Estate Group (RRG) says it will invest €60 million in a Bucharest residential project that will be delivered at the end of 2026.
Relative to incomes, buyers are experiencing one of the most favorable periods in history to buy a home in Romania.
Romanian developer Alsin Management said it will invest €20 million in the second phase of its residential project First Estates Pipera, with the completion date set for the spring of 2025.
Bogdan Papandopol, Partner and Head of Dentons' Global Real Estate Group in Bucharest, talked to Property Forum about the growing investments in green property projects and the reduction of lease terms in the commercial sector.
Evo Properties has announced the reconversion of the London and Oslo office buildings in Bucharest into a multifunctional hub.
Globally, nearly half of business leaders admit to facing difficulties in attracting top talent, with 44% reporting significant obstacles in their hiring processes.
CTP has announced the expansion of its partnership with cargo-partner, a full-range info-logistics provider, with the leasing of 7,800 sqm at CTPark Cluj.
Romania is at 34% of the EU average in innovation in 2024, and the startup success rate is not above 10%.
The AADMS Integrated Platform, with the power grid analysis and modeling modules, will be realized through European fund.
tbi reports 26% YoY growth in total assets as to the end of September 2024, reaching €1.7 billion.
The collaboration involves key activities critical to the brand's long-term success in these new markets, including identifying and selecting franchise partners.
The BeeFast SaaS platform provides real-time visibility of delivery operations through an intuitive dispatcher tailored to the specific requirements of instant deliveries.