Real Estate
Impact Developer & Contractor's Consolidated Net Profit Plummets 58.8% YoY To RON34.9M In 2023
Real estate developer Impact Developer & Contractor (IMP.RO) reported a consolidated net profit of RON34.9 million for 2023,down 58.8% from 2022, and revenue of RON169.5 million, down 22.7%...
HILS Development Set To Invest EUR70M In Residential Project In Bucharest's Pallady Area
HILS Development, a real estate developer held by Ionut Negoita, announces a new residential project in Pallady area in the eastern part of capital city Bucharest.
Colliers: Real Estate Deal Volume Down in 2023 to around EUR476M, Less than Half 2022 Record High, but Market Likely to Edge Up in 2024
The volume of real estate deals in 2023 declined to around EUR476 million, less than half the 2022 record high, but the market is likely to slightly rebound this year, to around EUR500 milli...
Lion’s Head Secures EUR150M Investment from IFC
International Finance Corporation (IFC) has granted a EUR150 million investment with sustainability-linked features to Lion’s Head Investments.
Bucur Obor Swaps 5,862-Sqm Land For 50 Apartments, 66 Parking Places Of Property Developer Novum Business Invest
Bucur Obor (BUCU.RO), which manages the shopping center by the same name in Bucharest, has exchanged a plot of land of 5,862 square meters for 50 apartments and 66 parking spots of 3,784 sqm...
Hungary's Kesz To Develop Its First Own Residential Project In Romania
Hungarian construction company Kesz, which has built several plants and real estate projects in Romania, is set to develop its first own residential project in Romania.
Romania’s Modern Retail Space Stock Stands At More Than 4.3M Sqm
Romania has a total modern retail space stock of more than 4.3 million square meters, of which over 2.7 million square meters are malls and the rest mainly retail parks, the annual market re...
Tech Company Blankfactor Leases 35TH Floor Of SkyTower In Bucharest
Blankfactor, a global provider of technology and end-to-end digital transformation services for financial services, has leased the 35th floor of the SkyTower building in Bucharest, the talle...
C&W Echinox: Real Estate Deals worth over EUR600M Are Under Advanced Negotiations; 2023 Traded Volume Likely to be Matched in 1H/2024
Deals with commercial real estate assets worth above EUR600 million are currently under advanced negotiations, so that the volume traded in 2023 is likely to be matched in the first half of...