Tag: Romania (175 articles)

Real estate | 22 August, 2024 at 1:20 PM

SEE Property Forum Awards 2024 – All your questions answered

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 nominations are now open until September 16th. Property Forum's Country Manager for Romania Fulvia Meirosu and CEO Csanád Csürös answered all potential questions related to the nomination process and explained how the winners will be selected.

Real estate | 22 August, 2024 at 10:33 AM

Bucharest hotel market to add 2,400 rooms by 2026

Bucharest's hotel market is set to expand by around 2,400 rooms by 2026, outpacing the estimated growth from other CEE-based capital cities, according to a Cushman & Wakefield report.

Real estate | 22 August, 2024 at 9:56 AM

Retail and resi developers drive land deals in Romania during H1 2024

The retail and residential players have been the most active buyers of land during H1 2024, while speculative transactions are also gaining ground, according to Colliers Romania research.

Real estate | 21 August, 2024 at 11:07 AM

PeliPartners assists Immofinanz on myhive Victoriei sale

Romanian law firm PeliPartners has assisted Immofinanz in the sale of myhive Victoriei to AFI Europe, in a deal worth an estimated €27 million.

Finance | 21 August, 2024 at 10:31 AM

Alin Latu, Country Manager for iBanFirst Romania, expands role to oversee operations in Hungary

Alin Latu has seven years of expertise in the foreign exchange market and international payments. For the past three years, he served as Country Manager for iBanFirst Romania.

Real estate | 20 August, 2024 at 5:01 PM

RE/MAX: Mortgage backed resi sales in Romania up in H1 2024

Sales of homes funded by bank loans rose by 40% during H1 2024 compared to the same period of last year over the reduction of interest rates and the increase in transaction prices, according to transactions brokered by RE/MAX Romania.

Real estate | 20 August, 2024 at 4:07 PM

Cătălin Năstăsoiu, Genesis Property: Integrating the wellness wheel into offices

The current workforce landscape has been significantly influenced by recent challenges, leading to a shift in how employees perceive their well-being. This highlights the importance for employers to prioritize their employees' health and happiness, actively supporting them and fostering a workplace culture that values holistic well-being, writes Cătălin Năstăsoiu of Genesis Property.

Real estate | 20 August, 2024 at 12:05 PM

AFI Europe buys landmark office building in Bucharest from Immofinanz

AFI Europe has purchased the myhive Victoriei building in central Bucharest from Immofinanz for around €27 million. The new owner plans to turn the existing office building into a mixed-use project, with the conversion permit already secured.

Real estate | 20 August, 2024 at 11:29 AM

Bellemonde secures funding for resi project near Bucharest

Romanian developer Bellemonde Developement has obtained €21 million in funding from Libra Internet Bank for a residential project in Pipera, near Bucharest.

Real estate | 19 August, 2024 at 8:00 PM

Financial institutions' requirements on green certifications are often too modest

Adrian Pop, General Manager of ADP Green Building, spoke with Property Forum about the role of financial institutions in increasing the sustainability of real estate projects and the growing demand for certifications from international real estate investors.

Real estate | 19 August, 2024 at 6:00 AM

Real estate remains one of the least digitised sectors

Bogdan Nicoară, CEO of Bright Spaces, talked to Property Forum about the startup's plan to operate in eight markets by year-end and the diversification of its digitalisation platform for real estate companies. He also mentions some of the main trends shaping the proptech industry.

Real estate | 14 August, 2024 at 1:13 PM

HILS Development posts 28% resi sales growth in H1 2024

Romanian developer HILS Development has announced a 28% increase in residential sales during H1 2024 compared to the same period of last year, while revenue was up 25% year-on-year. 

Real estate | 12 August, 2024 at 3:07 PM

Bucharest mayor to issue traffic permits for new property developments

Bucharest's Mayor Nicușor Dan has announced that he will be tasked with issuing traffic permits for new Urban Zoning Plans (PUZ), Urban Developing Plans (PUD) and construction authorizations.

Real estate | 9 August, 2024 at 4:00 AM

Investment in Romania's regional cities shows upward trend

Lavinia Ioniță Rasmussen, Partner at NNDKP's Real Estate practice, spoke with Property Forum about the acceleration of commercial and residential development in regional cities and the potential of the local market to offer higher returns for property investors compared to other countries in the region.

Energy | 8 August, 2024 at 11:51 AM

Deloitte assisted Entek Elektrik Üretimi in its entry on Romanian solar power field

The acquisition marks Entek's entry into the Romanian energy market, with a transaction value of approximately €32.9 million, subject to closing adjustments.

Real estate | 8 August, 2024 at 10:57 AM

Romania ranks third in CEE on commercial investments H1 2024

Romania's commercial property sector recorded investment transactions of €418 million in H1 2024, up 131% year-on-year, marking the biggest volume growth across CEE, according to Cushman & Wakefield Echinox. 

Economy | 8 August, 2024 at 10:33 AM

E-commerce market in Romania estimated to reach €10 billion by 2025

E-commerce expansion is fueled by access to digitalization and the rising incomes of the young population and digital natives, but also by the evolution of technology.

Real estate | 7 August, 2024 at 4:30 PM

Romania ranks among cheapest resi markets in Europe

The average price of new homes in Romania amounted to €1,504 per sqm in 2023, which was the third lowest price in Europe, behind Bosnia and Herzegovina and Greece, according to a Deloitte report. 

Economy | 7 August, 2024 at 4:05 PM

Edenred Digital Center technology hub reaches over 300 employees

Edenred Digital Center has become a source of technological innovation, contributing to the group's positioning as a leader in digital innovation in the markets where it operates.

Real estate | 7 August, 2024 at 3:04 PM

Bucharest's short-term rental industry totals €24 million in H1 2024

Bucharest's short-term rental industry is expected to outperform the previous year's level and has already recorded estimated revenues close to €24 million in H1 2024, according to a Crosspoint Real Estate report. 