ARTICLES LABELLED WITH TAG Romania

GARBE has been on the markets in Central and Eastern Europe for 4 years. Now the company has announced the full occupancy of all its industrial parks in the region. 

The land market in Bucharest and other regional cities is seeing increasing demand from developers of data centers that want to accommodate growing investments in the country’s IT&C industry, according to a report by iO Partners.

Romanian developer Forty Management plans to raise up to €5 million from a bond sale in a bid to finance its international projects.

The disposable income gap between CEE economies, which are enjoying solid economic expansion, and stagnating Western European countries is narrowing fast. This is buoying consumer spending in markets like Poland and Romania and attracting international and regional retailers to large modern shopping centres that dominate the CEE’s shopping and experience landscapes, while also offering higher margins and lower costs, NEPI Rockcastle’s latest research concludes.

Property group NEPI Rockcastle has purchased a photovoltaic project in Arad County, Western Romania and plans to start its construction in early 2025.

Bucharest-based Calea Victoriei, the main retail street in Romania, boasts a prime monthly rental level of €60 per sqm, which was 9% higher compared with last year, according to a Cushman & Wakefield report.

Edwin Warmerdam, Partner, Head of Tax at Forvis Mazars in Romania, spoke to Property Forum about the taxation outlook in 2025 and the tax changes that could spur investments in the local market.

Anchor Grup has announced its Bucharest-based residential project Select Residences has reached the delivery phase. 

Residential deliveries in the Bucharest-Ilfov region were down 23% in the first half of 2024 compared to the same period of last year, according to a report by SVN Romania. The agency estimated last spring that this year could bring the lowest number of new homes delivered in the past five years.

Hyatt Hotels Corporation has announced plans to expand in the Balkans region, with five Hyatt Regency hotels and resorts expected to open by 2027.