Real Estate
CBRE: Total Office Leasing Activity In Bucharest Up 71% YoY In Q1/2024
The office sector in capital city Bucharest shows a positive fluctuation in terms of total leasing activity, after the first three months of 2024, being 71% higher than in the same period of...
Eurostat: Romania, Among EU Countries With Lowest House Price Increases In 2010-2023, But Rents Up 45-50%
Romania is one of the European Union Member States with the lowest house price increases, of 25%, between 2010 and 2023, half the European average, but rents surged 45% to 50% during the sam...
Cushman & Wakefield Echinox: Modern Office Stock in Main Regional Cities Tops 1 Million Sqms
Real estate developers in 2023 completed office space projects totaling 83,000 square meters in Romania’s main regional cities, Cluj-Napoca, Timisoara, Iasi and Brasov and the modern stock c...
Old Three-Room Apartment Prices Up In Bucharest In March 2024
The first quarter of 2024 ended with a more than 4% increase in old three-room apartment prices in Bucharest in March compared with the year-ago month, because of three areas with a double-d...
Europa Hotel In Eforie Nord Seaside Resort Reopens In Wake Of Over EUR14M Investment
The Europa Hotel, which is located in the Eforie Nord seaside resort and is held by the company ANA Hotels, was renovated following an investment worth over EUR14 million and is due to open...
ELI Parks Develops Regional Logistics Center In Ploiesti For Returo
ELI Parks, one of the most active logistics and industrial space developers in Romania, has signed an agreement for the expansion of RetuRO's operations to ELI Park Ploiesti.
Prime Kapital’s Arges Mall Set To Open In Pitesti On April 25
Prime Kapital, a real estate developer and investor in Central and Eastern Europe, will open Arges Mall on April 25, the largest and most modern shopping center in Pitesti.
Practic Bucuresti Sees Net Profit Shrink 29% To RON26.9M In 2023
Practic Bucuresti (PRBU.RO), one of the largest owners of retail space in Bucharest, made RON26.9 million net profit in 2023, 29% lower than in 2022 and RON42.3 million revenue, 7.5% higher...
Cushman & Wakefield Appointed To Manage Expo Business Park Office Project
Real estate consulting company Cushman & Wakefield Echinox has been appointed to manage the Expo Business Park office project, one of the most representative projects in the Expozitiei area...