Real Estate
Nordis Group Invests EUR31M in Five-Star Hotel and Luxury Apartments in Brasov
Nordis Group, a local real estate developer specialized on luxury properties, announced it is investing EUR31 million in a mixed-use project totaling 14,000 square meters in Brasov, central...
Prima Development Completes EUR8.5M Boutique Residential Project in Bucharest
Prima Development Group, a real estate developer based in Oradea, announced Thursday it has completed Boemia Apartments in Bucharest, a boutique-style residential project, following an inves...
Industrial Developer CTP Plans IPO on Amsterdam Stock Market
Industrial park developer CTP, a top five European logistics property company and the largest logistics property owner-developer in Central and Eastern Europe, announced Thursday it is plann...
Austria’s CA Immo Extends Sony Lease Contract In Bucharest Business Park By Five Years
Austrian real estate developer CA Immo has extended the lease contract for Sony offices in Bucharest Business Park for a five-year period, being one of the longest lease contracts targeting...
Colliers: Realty Investment Market Up 37% In 2020, To EUR900M; Seen Declining In 2021 Due To Uncertainty
“The pandemic year” was one of the peaks of the current economic cycle regarding investments in commercial real estate assets, with a 37% growth versus 2019, up to nearly EUR900 million, and...
Constitutional Court Ruling Clears Way for EUR3B Development at Romexpo
Romania's Constitutional Court has upheld the transfer of a 46-hectare land in the Romexpo area in northern Bucharest from state property to the country's Chamber of Commerce, clearing the w...
Practic Bucuresti Approves Its 2021 Budget: RON35.4M Turnover And RON23M Net Profit
Shareholders of real estate developer Practic Bucuresti (PRBU.RO), held by Radu Dimofte, have approved the company’s income and expense budget for 2021 and envisages a turnover of RON35.4 mi...
ELKO Romania Relocates To CTPark Bucharest, Rents 1,800 Sqm
ELKO Romania, the local division of Latvian distributor of IT and consumer electronics products, has rented 1,800 square meters within logistics park CTPark Bucharest, operated by CTP, the l...
Bucharest Properties REIT Completes Stage Two of Vitan Estates
US-held Bucharest Properties REIT, a real estate developer specializing in rental apartments in Bucharest, has completed the second stage of the Vitan Estates residential project, following...