The Romanian land market totalled around €450 million in 2024, a figure similar to 2023, with the residential sector generating the highest volume of transactions, according to estimates by Colliers Romania.
Bucharest’s short-term rental industry is expected to outperform the previous year's level and has already recorded estimated revenues close to €24 million in H1 2024, according to a Crosspoint Real Estate report.
Law firm Kinstellar has advised Globalworth on the sale of a logistics portfolio in Romania to WDP, in one of the biggest industrial transactions completed in Romania in the year to date.
DP World has opened three new logistics sites in Romania following combined investments of €86 million in a move designed to increase cargo flow capacity in the country.
Romanian developer Euro Vial Residence has purchased a six hectare land plot in the northern area of the city of Constanța, towards Ovidiu, for €6.5 million.
Romanian developer Iulius has signed a partnership with Oil Terminal, a public company owned by the state, for the urban regeneration of a 38-hectare land plot in Constanța. Iulius plans to invest more than €810 million in a large mixed-use scheme.
The residential market in Romania registered a record number of deliveries of 73,332 new homes during 2022, up 3% compared to 2021, driven by the growth in regional cities, according to a report by Colliers Romania.
Asking prices for homes in Romania were up by an average of 1.6% to €1,435 per sqm in February after growing by 0.9% in the previous month, according to property classifieds platform Imobiliare.ro.
North Gate, an A-class office building in the northern part of Warsaw, has gained another tenant. HaskoningDHV Polska has decided to lease ca. 1,000 sqm of space of the building. The property owner was represented in the transaction by Savills.
In mid-December 2024, the Zucca restaurant made its debut in the mixed-use Renoma building in Wrocław (southern Poland). The restaurant has an area of approximately 270 sqm.
MLP Group has signed a lease agreement with a company operating a network of padel centres in Poland. InterPadel will occupy approximately 2,800 square meters of modern space at MLP Business Park Poznań. The transaction was facilitated by MAXON Nieruchomości.
New appointments
Karol Klin joined the Cornerstone Investment Management team at the beginning of 2025, taking on the role of Commercial Director, Real Estate.
Sebastian Barandziak has been appointed as the new President of the Management Board of Euro Styl, a subsidiary of Dom Development Group. The existing board members, Magdalena Reńska and Jarosław Górski, have been appointed as vice presidents.
AG Capital has appointed Ivaylo Vatev as CFO. He has previously worked in management roles for Aurubis Germany and PwC.
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