ARTICLES LABELLED WITH TAG Romania

The office space market in Bucharest registered a total volume of transactions of approximately 240,000 sqm in 2020, a level similar to that of 2015, CBRE data shows.

NEPI Rockcastle enters the residential market and builds apartments near Vulcan Value Center in Bucharest, Profit.ro informs.

The longer-term trend of price increases on the residential market continues to be the most likely scenario as demand continues to outpace supply in many of the larger cities of Romania, according to a report by the Eastern European Construction Forecasting Association.

2020 was a year characterized by increased activity in regional cities in terms of commercial centre deliveries, but the delivery volume of new spaces will reduce strongly this year, according to the real estate consulting company Cushman & Wakefield Echinox.

Avison Young experts estimate that Bucharest will continue to attract over 40% of industrial developments in the coming years, and then regional cities will recover.

Sales of houses, land, and apartments in January were almost 40% higher than the same month last year, according to the Romanian National Agency for Cadastre and Land Registration (ANCPI). 

2020 was a good year for the Romanian transaction market, with a volume that approached the threshold of €1 billion. Most of the transactions concluded were for office buildings, with a volume of €784 million. Although estimates for 2021 are more modest, we can expect the sale of several important assets to go through this year. Property Forum lists the office buildings in Bucharest that could change owners in the next 12 months.

E-commerce makes a major leap registering important figures globally, reaching 4.28 trillion dollars in 2020, an increase of 27.6% compared to 2019, and the demand for logistics services is on the rise. Here are the latest trends in the e-commerce and logistics sectors as predicted by futurologist Sean Culey – strategist, transformation advisor, and external consultant to P3 Logistics Parks. 

Gran Via Real Estate announced the acquisition of a new plot in Bucharest for residential development. 

Romanian car manufacturer Automobile Dacia extended its lease for the 69,000 sqm occupied in Pitești Industrial Park, a project owned by Globalworth.