ARTICLES LABELLED WITH TAG Romania

Romanian IB Cargo, a freight forwarding supplier, and Maersk, the container logistics group, have jointly started operations at a new distribution and logistics centre near Bucharest. 

Private campuses are becoming an increasingly popular option for students across Romania, and they are looking for accommodation facilities that protect their health, according to representatives of Genesis Property, the owner of West Gate Studios campus and the 4-star Studio One Accommodation Suites. 

Hagag Development Europe says it has received the completion certificate for its residential project H Victoriei 139 in central Bucharest. 

Property developer Zacaria says it will start residential investments in three Romanian cities after it partially sold its local industrial portfolio to CTP.

Residential developer Apx Immo has taken over a land plot of 830 sqm in Cotroceni area from ICD Real Estate for €1.3 million. 

Property consultancy Crosspoint Real Estate has announced the appointment of Bogdan Gubanduru as Head of Investment.  

Retailers and residential developers are driving demand in the land market and the volume of transactions is hampered by uncertainties regarding urban development legislation. 

Romanian Niro Investment Group, specialized in investments and real estate asset management, has announced the appointment of Christophe Chamboncel as Head of Hospitality & Development. 

CTP says it has taken over around 112,000 sqm of industrial space from Zacaria Industrial, representing parks in four cities, for an undisclosed sum. Following the acquisition, CTP has started operations in Craiova and expanded its presence in Sibiu, Arad and Oradea and its local portfolio has edged close to 2 million sqm.

Romanian developer One United Properties will distribute 32.5 million lei (around €6.5 million) in cash dividends, while its share capital will be increased by up to 288.8 million lei (€58.4 million), according to a voted of shareholders.