Zacaria Group, specialized in the development of residential and industrial projects, has started the construction of its first retail project in Cisnădie.
Chinese manufacturer UE Furniture has fully acquired a production facility in Timiș County, Western Romania, from local furniture and chipboard manufacturer Rus Savitar.
Investments in the retail sector will continue in 2025 on the local market, while housing prices could increase in the coming period, according to Colliers Romania forecasting.
KÉSZ Group has announced that its Corallis residential complex in Bucharest has already sold homes amounting to around €11.5 million, which accounts for 27% of the whole residential stock in the project.
Victor Constantinescu, Managing Partner & Co-Head of firm-wide Real Estate at Kinstellar Romania, talked to Property Forum about the key deals of 2024 and shared his expectations for the year ahead.
Romania recorded commercial real estate transactions worth around €730 million in the past year, up by 47% compared to 2023, according to a report by iO Partners.
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.
Sales of houses and apartments increased by 7.6% in Bucharest and Ilfov region, in 2024, compared to 2023, according to an analysis by SVN Romania. During the same period, national sales increased by 6.6%.
Pure Ice is expanding its operations at the MLP Pruszków II logistics center. Under a new agreement, the tenant has increased its leased space by an additional 3,700 sqm. As a result, the total leased area for the company at the logistics park now amounts to 7,200 sqm, including 950 sqm of office space.
JD Sports opened a new store spanning 560 sqm in Iulius' Palas Iași complex. The brand opened another store in Iulius Town Timișoara last year.
A store of Malaysian chain Mr. DIY, offering home, DIY and decorative items, has opened in Gemini Park Bielsko-Biala shopping center. The new store occupies an area of nearly 600 sqm on the second floor of the mall. It is the fourth in Poland and the first in Bielsko-Biała for the Malaysian chain, which made its Polish debut in November 2024.
New appointments
P3 Logistic Parks has announced the appointment of Chris Zeuner as its new Chief Investment Officer (CIO), effective from the 1st of September, 2025. Zeuner has over 25 years of experience in real estate investment and capital markets, most recently serving as co-CEO, and prior to that as CIO, at 7R.
Piotr Krysztopa, a specialist in building technology and energy efficiency, is joining Avison Young's technical consulting department. He will strengthen the firm's expertise in data analytics and ESG solutions.
Leszek Stankiewicz has been appointed CEO of YIT in Poland as of 9th of April. YIT is the largest property developer in Finland, present in eight European countries. In Poland, the company has investments in Warsaw, Gdańsk and Kraków.
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