Real Estate
C&W Echinox: Bucharest Calea Victoriei Area to Attract EUR300M Investments
Calea Victoriei in Bucharest, a 2.8-kilometer-long artery downtown, will continue to grow as an office and hotel hub in the next years as developers plans to build seven new office buildings...
JLL: Commercial Deals in Romania Grow 21% in 1H/2020; 90% of Volume in Bucharest
The volume of commercial real estate deals, which include office, retail, industrial and logistical projects and hotels, grew 21% on the year in the first half of 2020, heavily driven by off...
Forte Partners Seeks to Build Residential Project Next to Its U-Center Offices
Forte Partners, one of the most active developers on the local real estate market, said it plans to build a 500-apartment residential project on Serban Voda street in Bucharest, near its U C...
TeraPlast Profit Doubles in 1H/2020 to RON29.5M
TeraPlast Group (TRP.RO), the largest Romanian construction materials manufacturer, reported a net profit of RON29.5 million for the first half of 2020, double compared with the same period...
HAGAG Development Europe Gets Building Permit for H Eliade 9 Residence Project
Real estate developer HAGAG Development Europe, part of Hagag Group of Israel, said Monday it has secured a building permit for its H Eliade 9 Residence luxury residential project located in...
Wilo Completes EUR7M HQ Near Bucharest
Wilo Romania, the local division of German pump and water pumping systems manufacturer Wilo SE, said Monday it has completed the construction of a new headquarters in Otopeni, near Bucharest...
TeraPlast Group To Sell Steel Division to Kingspan
TeraPlast Group, the largest Romanian producer of construction materials, with a turnover of nearly RON1 billion in 2019, has signed an agreement to sell its steel division to Ireland's King...
Start-Up Firm Milluu Invests EUR1M In Property Management Service Dubbed Milluu Select
Start-up company Milluu, which has developed an online platform digitizing the apartment rental process, is announcing investments of EUR1 million in Milluu Select, a property management ser...
Survey: Four In Ten Romanians In Urban Areas Renovated Their Homes In Past Six Months
Over the past six months, 40% of Romanians in urban areas have renovated or improved their homes, as most of them had their homes painted or bought various home decorations, but many of them...