Real Estate
CBRE: 2020 Office Transactions in Bucharest Matched 2015 Level
Around 240,000 square meters of office spaces were transacted in Bucharest in 2020, a similar level to 2015, as most companies postponed decisions and 60% of the total were relocations, real...
Impact Signs Two Loan Agreements with First Bank to Fund Construction, VAT Costs
Romanian real estate developer Impact (IMP.RO) said Monday it has signed two mortgage loan agreements with lender First Bank, consisting of EUR5.92 million for properties and RON4.5 million...
Globalworth Creates New Industrial Hub Around Dacia’s Oarja Warehouse
Globalworth, the owner of Dacia’s biggest warehouse in the world, plans to expand the industrial site that contains it. Automobile Dacia, the largest company in Romania by revenue, will repl...
Real Estate Developer Impact Appoints Constantin Sebesanu as Development Director
Real estate developer Impact (IMP.RO), owned by businessman Gheorghe Iaciu, said Thursday it has appointed Constantin (Tinu) Sebesanu to the position of development director.
C&W Echinox: Retail Space Deliveries Seen Down 50% in 2021
Deliveries of modern retail space this year will amount to about 60,000 square meters, a decrease of about 50% compared with 2020, real estate consultancy company Cushman & Wakefield Echinox...
ING Survey: Buying a Home Is Usually a Short and Sharp Experience
Romanians are the most determined and quickest Europeans when it comes to choosing a home to buy, with three out of five saying they found their home in three months at most, a survey conduc...
Romania Registers 48,736 Real Estate Deals in January
The number of real estate deals in Romania stood at 48,736 in January, 28,619 fewer than in December 2020, data from the national cadaster agency ANCPI showed Wednesday.
Industry Decline Drives Owners to Put Hotels in Bucharest Up for Sale
Bucharest’s hotel industry has been badly hurt by the crisis and one thing that shows it is the 17 for sale ads for hotels, according to real estate classifieds website imobiliare.ro, one of...
Gran Via Buys Land in Bucharest for Residential Project
Spanish real estate developer Gran Via Real Estate has bought a land plot near the Plumbuita Park in Bucharest, where it plans to build a residential project consisting of 90 apartments.