Real Estate
CBRE: Developers Eye Regional Cities for New Projects, Expansions
Modern retail stock, which includes retail parks and shopping centers, reached approximately 3.7 million square meters in the first half of 2019, of which 31% in Bucharest, as developers foc...
One United Buys 8.2-Hectare Lakeside Land In Record Deal Estimated At Nearly EUR8M
One United, one of the most active developers of office space and residential projects on the Romanian market, has acquired from First Bank, formerly known as Piraeus Bank, a land of 8.2 hec...
Helios Phoenix Set To Start Construction Of New Industrial Project In Cluj, Within EUR5M Investment
Helios Phoenix, a Greek real estate developer holding three industrial space projects in Romania, plans to start the construction of a new project in Cluj-Napoca, in the last quarter of 2019...
WeWork Enters Romanian Market; Fully Leases Forte Partners’ Matei Millo Office Building
Forte Partners, the most active developer on the Romanian office space market, has concluded an agreement with U.S. WeWork, one of the largest coworking space operators, for the lease of som...
Iulius Group, Atterbury Europe Invest EUR8.7M In Park To Be Part Of Iulius Town Compound In Timisoara
Real estate developer Iulius Group, held by businessman Iulian Dascalu, has invested EUR8.7 million in a park which will be part of Iulius Town in Timisoara, a mixed-use compound consisting...
Warehouse Developer WDP Revenues Grow 12.5% in 1H
Belgian warehouse developer WDP, which manages a portfolio of over 700,000 square meters of logistical spaces in Romania, posted revenues of EUR73 million in the first half, up 12.5% on the...
Mediapost Hit Mail Group Relocates Operations To New Warehouse; Eyes EUR25M Turnover In 2019
Mediapost Hit Mail, an integrator of direct marketing services, held by a division of France’s postal service company, in July has transferred its operations to a new warehouse, of 10,000 sq...
ABN Systems International, Holder Of Tellur Brand, Eyes 20% Higher Turnover, Of EUR23M, In 2019
Local company ABN Systems International, which holds the Tellur brand, an integrator and distributor of electronic equipment and telecom accessories, expects a 20% increase in turnover in 20...
Imoteca: Old Apartments Lose Ground on Real Estate Market
Nearly 60% of prospective homebuyers choose new apartments, while old apartments lose ground as the supply of new housing is on the rise and prices have stabilized, a study by Imoteca showed...