Real Estate
Magazinul Bucuresti EUR6.5M Reconstruction Completed
Reconstruction works on Magazinul Bucuresti in Bucharest’s Old Town have been completed following an investment of over EUR6.5 million and now consists of retail spaces, class A offices and...
Romania Tax Agency Sells 15,210 Sqm Land In Lake Baneasa Area For EUR3.4M
Romania’s tax agency ANAF sold at auction a plot of land of 15,210 square meters, located in the area of Lake Baneasa, for EUR3.4 million, which translates into EUR1,087 per sqm.
Colliers: Romanian Office Market Transactions Seen at over EUR600M in 2020
The Romanian office market could see transactions amounting to more than EUR600 million in 2020, counting only investments currently in advanced stages, including the sale of NEPI Rockcastle...
Courtyard Hotel in Bucharest Targets 65% Occupancy in 2020
The Courtyard Bucharest Floreasca hotel, developed by Lithuanian Apex Alliance Group and opened in October 2019, targets an occupancy rate of 65% this year after 40% average occupancy in the...
IHG Affiliates Times Hotel in Bucharest under Holiday Inn Brand
IHG (InterContinental Hotels Group) will bring back its Holiday Inn brand to Romania by incorporating the former Golden Tulip Times hotel in Bucharest.
Urbano Parks To Build EUR14M Logistic Park in Western Cluj Napoca
Urbano Parks, founded by three entrepreneurs in Cluj Napoca, plans to invest EUR14 million to build the Urbano Cluj Vest (UCV) logistical park in the western area of the city by the end of t...
Haier Romanian Factory Investment 50% Backed by State Aid
Around half the EUR53 million investment in the refrigerator factory Chinese giant Haier plans to built in Prahova county, Romania, will be covered from state aid that the Romanian governmen...
C&W Echinox: Acquisitions In Romania By New Realty Investors Reach EUR1.5B In Last Five Years
Romania’s real estate market has attracted over 20 new foreign investors in the last five years and the most active investors made acquisitions worth nearly EUR1.5 billion, accounting for ne...
CBRE: Industrial Space Market In Romania’s West, North-West Regions Sees Accelerated Growth
The industrial space market in Romania’s West and North-West regions boasts an accelerated increase after the stock has doubled during the course of just four years, becoming the second larg...