ARTICLES LABELLED WITH TAG Romania

Property developer Novum Business Invest has purchased a new land plot of 15,100 near Carol Park in Bucharest for a new residential project with over 500 units. 

Property company Zacaria has kicked off the development of Valletta Park, a new residential project with 121 apartments in Sibiu. 

Nearly three out of four employees in Romania now work from their office at least 3 days a week and most of them believe that the return to the office buildings can support the economic recovery, according to a survey by Genesis Property. 

Developers Square 7 Properties and Mitiska REIM have jointly opened Baia Mare Shopping Park with a commercial space of 17,500 sqm. 

Property developer Speedwell says it secured the building permit for its first industrial project located in north-western Bucharest. The development of the first warehouse under the Spaceplus brand will start in the next period and should be completed by the second quarter of 2022. It will have a total leasable area of 10,000 sqm. Leasable storage space ranges from 400 to 600 sqm. 

Prices for new homes will grow as developers are facing higher construction costs and deal with surging inflation, mentioned speakers during the residential market panel of SEE Property Forum 2021, Property Forum's annual event in Bucharest.

Some 54% of employees in Romania prefer a flexible mix that does not overpass 75% of their work time in remote conditions, according to a regional survey commissioned by real estate consultancy CBRE. 

Hungarian Indotek Group is in advanced negotiations to purchase the office building One Victoriei Center in Bucharest. 

Real estate consultancy Crosspoint Real Estate estimates that all 256 apartments in Vulcan Residence based in Bucharest will be sold by the second half of 2023. The agency is the exclusive seller of the project, which is NEPI Rockcastle’s first residential investment in Romania. 

The inauguration of the extension of Colosseum Mall in northern Bucharest was pushed back by spring 2022 due to the health crisis.