Real Estate
Reconstruction Of Magazinul Bucuresti Due For Completion End-2019 After EUR10M Total Investment
The reconstruction of the Magazinul Bucuresti (Bucharest department store) in Bucharest’s old Town, is due for completion at the end of 2019 and will include office space, stores and restaur...
JLL Bucharest City Report: 2019 Will Bring 900,000 Sqm of New Modern Spaces
Real estate development activity could double in 2019 compared with 2018 if all the projects scheduled for this year are completed as developers announced over 900,000 square meters of moder...
EUR1B Worth of Office Buildings Up for Sale in Romania
At least seven office space projects are for sale in Romania and the value of the deals - if all of them are signed this year, could exceed one billion euros. The most expensive project for...
Colliers: Bucharest is Most Dynamic Office Market in CEE in 1H/2019
Bucharest was the most dynamic office market among capital cities in Central and Eastern Europe in the first half of the year, with 185,000 square meters delivered, and 10% growth in total o...
CBRE: Cluj Development Drives Interest for Surrounding Areas
The accelerated development of the city of Cluj in recent years is attracting investors in nearby areas. A 26-ha land for an industrial park has been put up for sale in Ocna Mures, according...
Housing Demand Remains High in Bucharest; 20,000 Apartments Under Construction
Housing demand remains high in Bucharest and developers are currently working on over 20,000 housing units, of which 70% are scheduled to be delivered by the end of the year, according to es...
Grocery Retailers Own RON15B Worth of Real Estate in Romania
Hypermarket and supermarket chains in Romania own land and buildings valued at 15 billion lei (EUR3.1 billion) and the value of their real estate portfolios rose by 17% in 2018.
Romania Posts Biggest Annual Construction Growth in EU in June
Romania's adjusted production in the construction sector was the highest in the European Union in June, 23.3% higher than in June 2018, Eurostat data showed Tuesday.
C&W Echinox: Bucharest Office Market To See Record Year if All Projects Delivered on Time
The Bucharest office market could have a record year in terms of deliveries in 2019 if all announced projects are finalized on time, totaling deliveries of about 377,000 square meters, real...