Tag: Romania (175 articles)

Real estate | 12 September, 2024 at 8:42 AM

SEE Property Forum Awards 2024: Nomination period extended

Property Forum's annual SEE Property Forum Award Ceremony will take place during SEE Property Forum on 22 October 2024. The list of award categories is already available and the nomination period has just been extended by four days until September 20th. In this article, we answer all potential questions related to the nomination process and explain how the winners will be selected.

Real estate | 11 September, 2024 at 10:52 AM

River Development moves all projects under Sema umbrella

Romanian investor and developer River Development has announced its rebranding as Sema Real Estate, with all current and new projects to be reunited under this umbrella. 

Economy | 10 September, 2024 at 12:34 PM

Turkish investments in Romania continue expansion, strengthening economic ties

Recent bilateral meetings with Türkiye's VP which took place in May 2024 showed that Türkiye's direct investments in Romania have reached $7.5 billion.

Real estate | 9 September, 2024 at 11:37 AM

CTP names new Managing Director for Romania

Industrial developer CTP has appointed Jovan Radosavljevic as its new Managing Director for Romania, tasked with overseeing the company's expansion in the country. 

Real estate | 6 September, 2024 at 1:48 PM

Over 28,500 apartments under development in localities near Bucharest

The ongoing residential developments in areas near Bucharest count around 28,500 apartments, with Voluntari town and Tunari commune among the locations with the biggest volume of new construction, according to a report by Imobiliare.ro. 

Economy | 5 September, 2024 at 10:30 AM

Leapmotor starts sales in România in partnership with Autogreen Motor

As part of the brand's launch strategy in Europe, Romania becomes one of the nine European markets to open sales for the first batch of Leapmotor C10 and T03 electric cars.

Real estate | 5 September, 2024 at 9:20 AM

Office leasing in Bucharest falls during H1 2024

The volume of office leasing in Bucharest amounted to 168,000 sqm during H1 2024, down 11% compared to the same period of last year, with the average new lease deal at more than 1,100 sqm, according to Cushman & Wakefield Echinox. 

Real estate | 4 September, 2024 at 8:54 AM

Romania's property investment market could hit €1 billion in 2024

Romania's commercial investment transaction volume could hit €1 billion this year considering the amount of deals close to completion, according to a report by Colliers. 

Real estate | 2 September, 2024 at 11:49 AM

Strabag to build new office for PPF Real Estate in Bucharest

The Romanian unit of Strabag has been selected as generator contractor for the construction of a new office building for PPF Real Estate in Bucharest. 

Real estate | 2 September, 2024 at 10:37 AM

Genesis Property secures BREEAM certification for building in Yunity Park

Romanian developer Genesis Property has obtained the BREEAM International In-Use certification, Outstanding, for Building F in its Bucharest-based Yunity Park business campus.

Real estate | 30 August, 2024 at 6:29 PM

Iulius secures urban zoning plan for Cluj-Napoca project

Romanian developer Iulius has obtained the urban zoning plan (PUZ) from the local council for a new urban regeneration project in Cluj-Napoca that will have a planned investment of more than €500 million.

Real estate | 29 August, 2024 at 3:33 PM

CTP rolls out CTBox concept in Romania with flexible spaces

Industrial developer CTP has launched its first CTBox building in Romania on the premises of CTPark Bucharest West. 

Real estate | 29 August, 2024 at 11:14 AM

Romania's retail market heads for 5 million sqm by 2026

Romania's retail stock expanded by around 106,000 sqm during H1 2026, with another 205,000 sqm under development that could help the country reach the 5 million sqm milestone at the end of 2026, according to a Colliers report. 

ESG | 29 August, 2024 at 10:51 AM

Cost of educating a child in Romania exceeds RON 30,000 throughout school cycle

At the same time, approximately 9% of children in Romania require medical support for various mental and emotional issues, according to a UNICEF study.

Real estate | 28 August, 2024 at 2:51 PM

Belgians lead investments in Romania's property sector

Investors originating from Belgium had the biggest share in Romania's commercial property sector in the first eight months, according to a Fortim Trusted Advisors study. 

Real estate | 28 August, 2024 at 12:31 PM

FORTIM Study: Top countries for real estate investment in Romania in 2024

Romanian investors have bought office buildings, hotels in smaller towns or mountain resorts, two small shopping centers and portfolios of shops on the street.

Real estate | 27 August, 2024 at 9:20 AM

Logicor makes large land purchase in Eastern Bucharest

Logistics developer Logicor has purchased a land plot spanning 4.6 hectares from toy retailer Jumbo for an undisclosed sum.

Real estate | 26 August, 2024 at 2:37 PM

Immofinanz sells office project in northern Bucharest

Austrian real estate group Immofinanz, part of CPI Property Group, has sold its office complex Iride Park in northern Bucharest for around €45 million. 

Real estate | 26 August, 2024 at 10:30 AM

Romania sees more hotel deals under €5 million

Romania's hotel market has recorded transactions with an average value under €5 million over the past 18 months, according to a Crosspoint Real Estate report. 

Real estate | 22 August, 2024 at 6:32 PM

EBRD invests in Romanian retailer La Cocoș

The European Bank for Reconstruction and Development (EBRD) has announced a €10 million equity investment in Romanian retail chain La Cocoș. Additional equity funding will be provided by CEECAT Capital and Morphosis Capital to support the retailer's development plans.