The transaction adds to a record portfolio of nearly 5 GW of renewable energy projects advised in 2024, across various areas.
For the second year in a row, industrial and retail assets dominated trading activity, marking a significant shift from previous years when office assets were the primary focus.
Banca Transilvania's net profit amounted to RON 1.81 billion, +42.6% compared to the first six months of 2023.
The largest transaction closed in Q2 2024 was related to a 20,900 sq. m pre - lease by VAT Group within VGP Park Arad.
The first quarter of 2024 ended with real estate investments in Romania totalling €202 million, up 69% compared to the first three months of 2023.
April 2024 was a remarkable month for the real estate market in the Capital. The significant increase in sales reflects increased buyer confidence in the market's growth potential.
Structural tailwinds for logistics properties remain intact with strong supply and demand dynamics despite economic uncertainties.
2023 ended with solid activity levels for industrial and logistics, with some 770,000 square meters of leasing deals closed.
The Romanian investment market recorded transactions of around €476 million last year, down by more than half over 2022's cycle high of €1.25 billion.
The Bucharest Stock Exchange (BVB) indices were showing a significant upward trend in the first few hours of trading on Thursday compared to the previous day's close.
Romanian neobank Salt Bank has recorded over 500,000 customers in the first year of operation, a figure that is double compared to its initial launch projections.
Seamless pipes maker TenarisSilcotub has announced the completion of its first renewable energy production.
Penny Romania announced its expansion plans, targeting 1,000 stores and a total investment of €3 billion over the next decade.
Verbund Wind Power Romania, part of Austrian energy group Verbund, has acquired a fully developed wind project from local renewable energy producer Monsson.