Real Estate
CITR Puts Tutunul Romanesc Site up for Sale
Insolvency firm Casa de Insolventa Transilvania (CITR) has put up for sale the Tutunul Romanesc (Romanian Tobacco) site, as part of the reorganization of its owner Interagro, held by busines...
Savillis: Property Investment in Romania Hits EUR480M in Jan-Sept
Property investments in Central and Eastern Europe topped EUR8 billion in the first nine months of 2019 and Romania accounts for 6% of the total, or EUR480 million, according to a research r...
Largest Real Estate Company in Germany Ups Stake in Globalworth to 22%
Romanian office space market has entered the radar of Western European investors, after years of market domination by South African companies.
Candy Crush Game Developer Shuts Down Bucharest Office
King Software, the developer of the famous Candy Crush game, has closed its Bucharest office, with only the reception desk still operational at the Opera Center location.
Colliers: Hard Brexit Could Impact Romanian Industrial Market
A hard Brexit could have significant side effects via Romania's trading partners, who do significant business with the UK, which is the fifth or sixth largest export destination for Romania...
Tomis Plus Invests EUR20M in Second Stage of Residential Project in Constanta
Property developer Tomis Plus has broken ground on the second stage of its Tomis Park residential project in Constanta, a EUR20 million phase that will include 252 apartments.
ING Bank Relocates 2,000 Employees To New HQ Within Expo Business Park
Some 2,000 employees of ING Bank have moved to the bank’s new central headquarters, within Expo Business Park, covering a surface area of 18,000 square meters. This is the bank’s fourth head...
Office Space Stock in Bucharest Up to Over 3 Million Sqm
The stock of modern office space in Bucharest reached about 3.16 million square meters at the end of the first three quarters, 15% more than in the year-ago period, while the overall vacancy...
Endava Leases Over 2,100 Sqm Within Tallest Office Building In Romania
UK software and IT services provider Endava has leased over 2,100 square meters within the tallest office building in Romania, called UBC 0, which will be inaugurated at the end of 2020. The...