ARTICLES LABELLED WITH TAG Bucharest

Niro Investment Group has officially opened its luxury boutique hotel Corinthia Grand Hotel du Boulevard Bucharest, following a franchise agreement with the Corinthia hotel chain.

Bucharest's residential real estate sector is experiencing a significant downturn, with a notable drop in both permits and completions, raising concerns about the market's trajectory, according to an opinion by Dr. Sebastian Sipos-Gug - Ebuild srl, Eastern European Construction Forecasting Association (EECFA) Romania.

Bucharest's office market has experienced last year its lowest level of new space delivered in the past two decades, according to a recent report by Colliers. 

Bucharest is bracing for another year of low residential deliveries, mirroring the trend observed in 2024. Approximately 18,000 new homes are expected to be completed in Bucharest and its surrounding areas in 2025, according to a report by SVN Romania. 

Bucharest has seen a 12% increase in average office fit-out costs in 2024, surpassing €1,000 per sqm, but this level is still among the lowest in capital cities across CEE, according to Cushman & Wakefield Echinox research.

Primes developer, part of R.U. Shalit group, is investing around €20 million in the construction of a new luxury residential complex in northern Bucharest.

CPI Romania has announced the renewal of lease agreements with Deloitte Romania and WPP at The Mark office building in Bucharest, totaling over 12,000 sqm of office space.

Romania is preparing for a wave of new hotel openings in 2025-2026, solidifying its position as an attractive tourist destination in CEE, according to a report by Colliers.

Companies in IT, manufacturing, industry, and the medical and pharmaceutical sectors were the most active in Romania's office rental market over the past five years, generating over half of the demand for new space.

Hagag Development Europe is preparing to reopen the Știrbei Palace on Calea Victoriei, in H2 2025, as a luxury department store.