Real Estate
C&W Echinox: Romania Modern Office Stock Likely to Hit 1.3 Million Sqms in Five Years
Developers have announced the construction of more than 275,000 square meters of new office projects in major regional centers of Romania, Cluj-Napoca, Timisoara, Iasi and Brasov, so that th...
Libra Internet Bank And Prima Development Group Sign EUR16.8M Funding Agreement
Libra Internet Bank and Oradea-based real estate developer Prima Development Group have concluded a financing agreement worth EUR16.8 million for the construction of Phase 1 of the PRIMA Vis...
ANCPI: Real Estate Transactions Down 44% in January 2023 vs. December 2022
The number of real estate transactions, which include houses, land and apartments, decreased in January by 44.4% compared with December 2022, data provided by the National Agency for Cadaste...
ADP Extends Its Lease Contract In Gara Herastrau
ADP Romania, the local subsidiary of U.S. company ADP, or Automatic Data Processing, has extended for five more years its lease contract for 8,300 square meters of office space in Gara Heras...
One United Properties Buys 5-Ha Land Plot in Bucharest for New Mixed-Use Development
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use and commercial real estate in Bucharest, Romania, has acquired a 44,863-sqm land plot loc...
Colliers: Romanian Land Market Remained Attractive In 2022, But Sales Plunged 45% To EUR450M
Romania's land market remained active in 2022, maintaining trends seen in the past couple of years which marked the best levels since 2007, but dropped by around 45% in volume of deals close...
Expleo Leases 3,000 Sqm Of Office Space In Palas Campus Iasi
Expleo, a French global engineering, technology and consulting company, has leased 3,000 square meters in the Palas Campus Iasi office complex, the newest urban regeneration project develope...
Crosspoint Real Estate: Post-Pandemic Flexible Office Space Segment On The Rise
The post-pandemic flexible office space segment has been on an upward trend and some of the established locations in capital Bucharest have recorded occupancy rates of 85% to 90% in 2022, as...
IBC Focus: Number of Construction Projects Up 20% in 2022
The number of construction projects increased by 20% to 29,719 in 2022, after two pandemic years with restrictions and significant changes in geopolitical tensions, IBC Focus says.