Real Estate
Pharmacies, Stores and Cafés Replace Ground Floor Apartments in Residential Complexes
The number of stores on the ground floor of residential complexes is on the rise, reflecting not only the need of residents to have stores that sell staple products nearby, but also coming u...
Industrial and Logistics Stock to Reach 7-8 Million Sqm in Three Years
Modern industrial and logistics stock in Romania is set to reach 7-8 million square meters in the next three years, after topping 5 million sqm in 2020, said Laurentiu Duica, manger of the i...
Alpha Bank: Over 75% of Romanians' Wealth is in Housing
The wealth of Romanian households is 2.3 times higher than the country's gross domestic product and 76.4% of the population's wealth is in housing, according to an analysis by Alpha Bank rel...
Divan Restaurant Chain Founder Invests EUR14M in Residential Project in Bucharest
Local entrepreneur Andrei Iusut, who developed the Divan restaurant business which he sold in 2017, is investing EUR14 million in a residential project in the Dorobanti area in Bucharest.
One United Properties Gets Building Permit for Mixed-Use One Verdi Park
Romanian property developer One United Properties, owned by Andrei Diaconescu and Victor Capitanu, has obtained a building permit for its One Verdi Park project of residential and office bui...
Prefab Considers Restricting Activity, Laying Off 200 Employees
Construction materials manufacturer Prefab Bucuresti (PREH.RO) is considering reducing activity in certain production areas at its factory in Calarasi and plans to lay off 200 employees, cit...
Razvan Iorgu, CBRE: Residential Rental Property Next Segment to Develop
Residential projects expressly developed for rental purposes are the next level on the Romanian real estate market, believes Razvan Iorgu, managing director of CBRE Romania.
Real Estate Developer Ceetrus Invests EUR60,000 In Education Center In Brasov
Real estate developer Ceetrus has invested EUR60,000 in an education center located in Coresi district, in central city of Brasov. The space covers 100 square meters and is located in the vi...
Afin Holding Buys Aries Logistic Park in Turda, Central Romania
Afin Holding, owned by the Albarosa, has acquired Aries Logistic Park in Turda, central Romania, a greenfield investment of Europa Capital Emerging Europe, marking one of the biggest deals i...