Real Estate
Oresa Buys Solo Iasi Industrial Park in Northeast Romania
Investment fund Oresa has completed the acquisition of the Solo Iasi industrial and logistics park from tester group, owned by Bogdan Pitigoi, marking the fund's entry on the local real esta...
Romanian Realty Developers, German Retailers – The Most Active Land Buyers In Bucharest-Ilfov Area In 2020
Romanian real estate developers and German retailers, such as Kaufland and Lidl, were the most active land buyers in Bucharest – Ilfov area throughout 2020, per the Bucharest Land Marketbeat...
Developer Oasis Retail Gets EUR9M Loan from OTP Bank for Retail Park
Real estate developer Oasis Retail Development & Consulting, owned by Klaus Reisenauer and Kurt Wagner, has taken a EUR9 million loan from OTP Bank to build a 60,000-square-meter retail park...
MVGM Group To Handle Property Management for NorthLight Residence in Bucharest
Dutch property management group MVGM, which acquired JLL’s European property management business in ten European countries, said Monday it was adding NorthLight Residence in Bucharest to its...
Wallberg Delivers 134 Apartments Of Residential Project Developed In Northern Timisoara
Arad-based real estate developer Wallberg, controlled by entrepreneur Valentin Morar, has completed the first 134 apartments of the XCity Towers project located in Timisoara (western Romania...
SVN Romania: Over 24,000 Housing Units Under Construction In Bucharest And Its Surroundings
Over 24,000 housing units are currently under construction in capital Bucharest and its surroundings, of which up to 20,000 could be delivered in 2021, depending on whether real estate devel...
EUR600M Real Estate Deals Could Be Closed in Next Six Months
Office buildings, industrial parks and shopping centers worth EUR600 million could be subject to deals in Romania in the next six months, as the COVID-19 vaccination campaign has a positive...
Office Space Demand In Bucharest Down 40% In 2020 To 214,000 Sqm, Lowest Level Since 2012
The total demand for office space in capital Bucharest plunged nearly 40% on the year in 2020, down to 214,000 square meters, the lowest level since 2012, and the new demand reached approxim...
Amazon Consolidates Presence In Palas Campus Iasi, A EUR120M Project Of Iulius Group
Giant Amazon will have a majority presence in Palas Campus, a project worth EUR120 million of Iulius Group, which is to become one of Amazon’s most powerful centers in Europe.