Real Estate
KMG Rompetrol Extends Lease for City Gate Offices in Bucharest
KMG Rompetrol, the management and support division of KMG International Group, has extended its lease until the end of 2026 for offices in the City Gate compound in northern Bucharest.
Developer WDP Invests EUR29M in Land in Bucharest and Transylvania
Belgian industrial developer WDP is investing EUR29 million acquiring land for new projects in the Bucharest area and the Transylvania region in Romania, it said in its first quarter earning...
Element Industrial Sees Logistics Market Potential at Another 2.5M-3M Sqm
The logistics and industrial space market has a potential for another 2.5 million to 3 million square meters over the next economic cycle, says Andrei Jerca, managing director of developer E...
Iulius Group Gets EUR72M Green Loan from IFC to Build Office Complex in Iasi
International Finance Corporation (IFC), member of the World Bank Group, has granted a EUR72 million green loan to Romanian developer Iulius Group for the development of Palas Campus, an eco...
One United Properties Gets Shareholder Approval For Planned IPO
One United Properties, one of the most active real estate developers of residential, office and mixed-use projects in Bucharest, said it plans to list its shares on the main market of the Bu...
Provita Group To Invest EUR12M in Iride Park Hospital
Provita Group, one of the leading medical center providers in Romania, founded by dr. Ovidiu Palea, said it will be investing EUR12 million in a multi-disciplinary hospital after signing a 2...
Grand Plaza Hotel Sells Neptun Complex for EUR5M
Grand Plaza Hotel, which owns the Sheraton hotel in Bucharest, has sold the Neptun complex in the seaside resort of Neptun, for EUR5 million to Onix Residence.
Immofinanz Signs 25-Year Lease in Iride Park in Bucharest
Austria's Immofinanz, one of the largest real estate groups in Central and eastern Europe, said Monday it has concluded a long-term rental contract for roughly 11,000 sqm with the Provita Gr...
Element Group Buys 2.7-Ha Land For Logistic Development near Pitesti
Logistics developer Element Group, founded by Ionut Dumitrescu, announced Monday it has acquired a 2.7-hectare land near Pitesti, in close proximity to the A1 highway.