News - Forty Management plans new residential projects worth €310 million
25
Nov
2021

Forty Management plans new residential projects worth €310 million

by Property Forum
Romanian developer Forty Management plans to start new residential projects covering 138,000 sqm with a market value of more than €310 million. The investments are in various permitting stages. 
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News - Residential sales in Romania surge 65% on 10 months
23
Nov
2021

Residential sales in Romania surge 65% on 10 months

by Property Forum
The number of residential units sold in Romania in the first 10 months of 2021 increased by 65% to more than 150,000 individual units compared to the same period form 2021, according to official data from the National Agency of Cadastre and Real Estate Advertising. 
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News - Nordis Group stars second phase of Mamaia project
19
Nov
2021

Nordis Group stars second phase of Mamaia project

by Property Forum
Romanian Nordis Group has kicked off the development of the second phase of Mamaia 5***** project with hotel and residential components.  
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News - Home prices continue to increase in Hungary, central bank report shows
18
Nov
2021

Home prices continue to increase in Hungary, central bank report shows

by Property Forum
Home prices in Hungary have increased further, with provincial cities showing an outstanding price rise and Budapest also becoming more expensive following a year of stagnation, the National Bank of Hungary (MNB) said in its latest Housing Market Report. The price gap between Budapest and county seats has decreased in 2021. On a national average, housing prices rose 13.3% year on year in Q2, including a 9.1% rise in Budapest and an 18.2% increase outside the capital.
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News - Suburban and rural residential markets gain ground in Romania
17
Nov
2021

Suburban and rural residential markets gain ground in Romania

by Property Forum
Working from anywhere and social distancing recommendations have led to a population migration trend towards quieter areas in the suburbs or in localities around big Romanian cities on the back of the ongoing health crisis, according to a report of real estate consultancy Colliers. 
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News - Poland's residential rental market is growing
16
Nov
2021

Poland's residential rental market is growing

by Property Forum
The third quarter of 2021 and the beginning of the next quarter is a period of historic changes in the Polish real estate market, which will not be without impact on consumers' housing plans, says Resi4Rent.
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News - Point Development to deliver next phase of Bucharest resi scheme soon
15
Nov
2021

Point Development to deliver next phase of Bucharest resi scheme soon

by Property Forum
Property company Point Development says it will deliver 107 apartments in its resi scheme City Point in the first half of 2022.  
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News - Metav to invest over €120 million in Bucharest project
15
Nov
2021

Metav to invest over €120 million in Bucharest project

by Property Forum
Romanian property company Metav says that it will kick off the development of a new mixed-use scheme in Bucharest in the second half of 2022. 
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News - Impact records profit of €7.3 million for Q1-Q3 2021
15
Nov
2021

Impact records profit of €7.3 million for Q1-Q3 2021

by Property Forum
Romania's Impact Developer & Contractor says its revenue amounted to €22.29 million in the first nine months, while the profit stood at €7.3 million. 
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News - One United Properties gross profit at €48.3 million in Q1-Q3 2021
15
Nov
2021

One United Properties gross profit at €48.3 million in Q1-Q3 2021

by Property Forum
Romanian developer One United Properties recorded a record turnover of RON 627.7 million (€126.8 million) in the first nine months of the year, up 87% year-on-year, while the gross profit gained 186% y/y to RON 293.3 million (€48.3 million) on higher residential sales and increased occupancy rates in offices.
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Latest news


New leases

  • Worldbox has entered the Romanian market with its first store at Scallier's Funshop Park in Vaslui. The multi-brand store covers more than 660 sqm and offers clothing, footwear and accessories in the casual and sportswear segment.
  • Greek jewelry designer Anna Maria Mazaraki has opened her first Romanian store in Bucharest-based ParkLake Shopping Center. The transaction for the new location was brokered by Cushman & Wakefield Echinox.
  • Squarepoint, a global quantitative investment management firm, has leased close to 2,200 sqm in Warsaw based Skyliner II. Squarepoint was represented in the transaction by CBRE. Legal advisory for Karimpol was provided by Argon Legal.

New appointments

  • CBRE Investment Management announced the firm is evolving the leadership model in its EMEA Direct Real Estate business. Under the enhanced structure, Rik Eertink will assume the role of President and CIO of EMEA Direct Real Estate, after serving as President of EMEA Direct Real Estate for the past five years.
  • Nhood has appointed Mihaela Petruescu as the new Country Director for Property Services Romania & Poland as of October. She previously held leadership positions at large real estate firms, such as Cushman & Wakefield Echinox and CBRE Romania.
  • Daniel Orczyk has been named Senior Project Manager at the technical advisory department of Avison Young in Poland. He is a licensed structural engineer and building site manager with over 20 years of experience.

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