CTP has delivered a built-to-suit warehouse spanning 35,000 sqm in CTPark Mogoșoaia, near Bucharest, for pharmacy chain A&D Pharma – Dr. Max Group. 

Property developer Gran Via Real Estate will invest €26 million in expanding the Gran Via Marina residential project in Constanța with two new blocks of flats that include 190 apartments. 

AFI Europe Romania has secured the LEED Platinum precertification for AFI Tech Park 2, the second phase of the AFI Tech Park office development located in Bucharest. The developer worked with Colliers on the certification process.

The modern stock of industrial spaces in Romania reached 5.9 million sqm in the first semester of 2022, with 500,000 sqm under construction and 44% of this volume already pre-let, according to a report by real estate consultancy CBRE.

Codrin Matei, Managing Partner, Head of Capital Markets at Crosspoint Real Estate spoke to Property Forum about the real estate asset classes that can attract new foreign investors and the high level of capital available for innovative projects. The agency has been generating growing revenues in the residential sector and expects business to grow in all commercial segments this year.

The retail market in Romania is set to expand by more than 500,000 sqm in the next four years, with 10 of the projects in the pipeline each having more than 10,000 sqm, according to  Cushman & Wakefield Echinox. 

Property Forum is happy to announce the publication of the 2022 edition of its annual listing of the 50 most influential people on the Romanian market. To download the publication, simply fill out the pop-up window you'll see on this page or any other Property Forum news page and we'll e-mail it to you.

As of 1 June 1 2022, the Board of Directors of NEPI Rockcastle has decided to permanently appoint Rüdiger Dany as Chief Executive Officer (CEO) and Eliza Predoiu as Chief Financial Officer (CFO).

Rents for commercial projects that are being developed at present in Romania will grow in the next 2-3 years, while demand for green buildings will continue to expand, concluded speakers at a panel discussion at Property Forum’s annual Summer Networking Party organised in Bucharest.

Danny Bercovich was promoted to Regional Director of Retail of GTC. Previously, he has served the company as the CEO of GTC in Bulgaria and Romania. In the new role, Mr Bercovich will steer the company’s operations and growth strategy in the retail segment.