Real Estate
Wallberg Set to Tap Two New Directions
Valentin Morar, founder and a stakeholder in Wallberg real estate developer, further banks on Timisoara and Brasov and wants to enter Bucharest’s housing market and also the logistic segment...
KPMG: Property Investments In CEE Down 22% YoY In 1H/2021
Investments into property in Central & Eastern Europe (CEE) for H1 2021 were down by a whopping 22% compared to the same period a year earlier, which may come as no surprise, given the immen...
Medical Sector Overtakes IT&C in New Office Space Rentals
Medical sector now accounts for 23% of the total new leases in office buildings, an increase of 3% on 2019 and 10% on 2020, ESOP Consulting data show.
Forty Management Sells Almost Entirely Mixed-Use Project Developed In Downtown Bucharest
Real estate developer Forty Management, run by Lucian Azoitei, on Monday announced the off-plan sale of 90% of Bucharest-based mixed-use project Central District Viitorului 134.
Colliers: Romania Property Investment Market Tops EUR540M In Jan-Sept 2021, Down 30% Vs Year-Earlier Period
The total value of property investments exceeded EUR540 million in Romania in the first nine months of 2021, lower by 30% than the EUR820 million level in the same period in 2020, with almos...
PSC Group Seeks Land Plots in Northern Bucharest to Develop Mini-City
Real estate developer PSC Group, controlled by Cristi Pascu, is seeking land plots in northern Bucharest and partners to launch a large project that could include over 10,000 housing units a...
Metro Finalizes Integration Of 10,000-Sqm Platform Into Central Warehouse In Stefanestii de Jos
German-held retailer Metro Cash&Carry Romania has finalized the expansion by 10,000 square meters of its logistics center in Stefanestii de Jos locality near capital city of Bucharest. The c...
One United Properties Opens Sales Center In One Floreasca City
Real estate developer One United Properties has opened a sales center within the One Floreasca City mixed-use project, which is the main sales office for all the company’s projects finalized...
Price of Old Three-Room Apartments in Bucharest Up 4.2% in October
October came with a fast-paced increase in the average price of old three-room apartments in Bucharest to more than EUR105,200, a decade high that has not been reached since the first half o...