Real Estate
Real Estate Developer Forty Management Signs with Meinhardt Group for Lagoon City
Forty Management, one of the leading real estate developers of mixed-use and urban regeneration projects in Romania, led by Lucian Azoitei, announces the completion of the international sele...
Impact Developer & Contractor Borrows EUR4.2M from Garanti Bank for Working Capital
Impact Developer & Contractor, the real estate developer controlled by entrepreneur Gheorghe Iaciu, took out a EUR4.2 million loan from Garanti Bank, due in June 2024, to secure working capi...
Iulian Dascalu Prepares New Real Estate Development on Carbochim Site in Cluj
Carbochim (CBC.RO) is preparing the site in Cluj for a future real estate development; the site is now used by one its plants, which is to be relocated.
CA Immo Mulls Selling Romania Office Portfolio in Almost EUR400M Deal
Austrian real estate developer CA Immo has decided to consider several strategic options for the Romanian market, including a sale of its entire Bucharest office portfolio, in line with a re...
Recovery Clinic Chain Empatio Expands With Unit In Bucharest-Based Office Building Eminescu Offices
Office building Eminescu Offices complements its mix of tenants after the Empatio recovery clinic chain signed a lease contract for a 200-square meter space within the project.
AFI Europe Romania Buys Two Plots Of Land In Northern Bucharest From Impetum Group
AFI Europe Romania has bought two plots of land covering a total 10,200 square meters from Impetum Investments, the investment division of Impetum Group, in a deal worth EUR12 million.
Forty Management Sees Profit Surge 56% in Jan-Sept 2021 from Year-Earlier Period
Real estate developer Forty Management, run by Lucian Azoitei, for the first nine months of 2021 reported consolidated turnover worth RON109.4 million, up 76.3% from the same period of 2020,...
Cristina Lupascu Joins Cushman & Wakefield Echinox As PR & Research Director
Real estate consulting company Cushman & Wakefield Echinox consolidates its marketing and research team by appointing Cristina Lupascu for the position of PR & Research as Director.
Number of Housing Units Sold in Jan-Oct Up 65% from Year-Earlier Period
The number of housing units sold in Romania in the first 10 months of 2021 was 65% higher than the year-earlier level, but they were not also delivered.