Real Estate
One United Properties Completes Structure Of One Herastrau Towers Compound In Bucharest
Real estate developer One United Properties, held by Andrei Diaconescu and Victor Capitanu, has announced the completion of the structure of the One Herastrau Towers compound in Bucharest’s...
Opus Land Buys 15.6-Ha Land For Project Expansion; Eyes Investments Of Over EUR22M In 2020
Opus Land, the developer of the Cosmopolis residential compound in Bucharest, has completed the acquisition of 15.6 hectares of land located in the vicinity of the compound, after having bou...
CBRE Building Consultancy Division Manages Over EUR80M Worth Of Projects Ongoing In Large Cities
The Building Consultancy division of real estate consulting firm CBRE currently manages projects worth over EUR80 million ongoing in Romania's capital city of Bucharest and the cities of Tim...
TeraPlast Group Posts 85% Growth in Profit in 1Q/2020
TeraPlast Group, the largest Romanian producer of construction materials, on Thursday reported a turnover of RON208.9 million for the first quarter of 2020, up 20% on the year, and a net pro...
How Pandemic Changes Office Space Market
The significant increase in the number of employees working from home, the closure of restaurants and of the retail spaces on the ground floor of buildings will be putting pressure on the ow...
Globalworth Puts New Investments on Hold
Developer Globalworth, the biggest investor on the Romanian and Polish office markets, said it was suspending new investments but was monitoring the market for investment opportunities.
IFC Invests EUR205M in WDP to Support Romania’s Green Property Sector
Belgian warehouse developer Warehouses De Pauw NV (WDP), which operates over 230.000 square meters of logistical and industrial spaces in Romania, was granted EUR205 million by IFC for the c...
Colliers: Non-Food Retailers Expect 30% Drop in Sales this Year
Non-food retailers, among the most affected by restrictions due to the Covid-19 pandemic, expect their sales will drop by an average 30% by the end of the year, according to a Colliers Inter...
Colliers: We Expect An Increase In Number Of Retail Locations Vacated
The significant decline in foot traffic, the many corporate employees working from home and the fact that more than one million people have been furloughed or laid off is putting pressure on...