ARTICLES LABELLED WITH TAG Romania

AFI Europe Romania has finalized and completely sold phase I of AFI City, the first residential project developed by the company in Romania. The first phase consists of 190 apartments and 228 parking lots, and is located in northern Bucharest, in the Bucurestii Noi neighborhood.

Globalworth published a trading update summarising the key highlights of its operating performance during the first six months of the year, including some further updates as to the impact of the pandemic crisis on its operations.

The Romanian unit of German automotive parts supplier Continental has completed a €27 million investment in the expansion of its office building in Iași.

Romanian real estate developer One United Properties is selling part of its One Cotroceni Park urban regeneration project, currently under development in Bucharest, for €25 million. The amount raised is to be invested in the further development of the project, profit.ro reports.

The top 50 largest technology companies in Romania, which realise software and digital solutions for group companies or for third parties, have increased their turnover and teams in Romania by approximately four times in the last ten years, reaching a cumulative turnover of €3 billion and over 50,000 employees in 2019, according to a Cushman & Wakefield Echinox analysis.

Romania's Real Estate Yearbook 2020 has published "The New Normal - Market Pulse Report, Romania", an exclusive property market update on Romania at end of the lockdown.

The industrial real estate sector in Romania will receive a boost thanks to an agreement signed between the European Bank for Reconstruction and Development (EBRD) and Warehouses De Pauw (WDP). The EBRD will provide WDP with a €150 million senior unsecured loan to support the company’s portfolio expansion in the country.

The opening of Colosseum Mall in Bucharest, initially planned for the end of 2020, has been rescheduled for 2021, considering the unpredictability of the business environment under the impact of COVID-19 pandemic.

P3 Logistic Parks has signed a lease agreement with Interbrands Marketing & Distribution for 24,830 square meters of logistics and office space within P3 Bucharest A1 park. Interbrands has been a client of the park since 2006 and decided now to relocate to a larger warehouse that can accommodate Orbico Group's expansion operations in Romania. On this occasion, Interbrands also begins the implementation of an extensive logistics automation project in the new warehouse.

United Business Center 3 in Timișoara has become the only LEED ‘Platinum’ certified office building in Romania outside Bucharest and the third one in the country.