ARTICLES LABELLED WITH TAG Romania

The new office supply in Bucharest is set to exceed 200,000 sqm in the second half of this year, with almost two thirds of the offices scheduled for delivery by year’s end already pre-leased. 

Ivan Lokere, CEO of Belgium-based real estate developer Alinso Group talked to Property Forum about the trends driving real estate markets in today’s economy and restated the company’s commitment to the Romanian market.

The Bucharest land market is registering an increase of prices fueled by higher demand from developers that want to secure strategic locations in the city for new projects. 

Property developer Atenor says it has concluded the sale of Hermes Business Campus in Bucharest to Adventum Group, an investment manager focused on Central and Eastern Europe. 

One of the most active residential developers of the Romanian market estimates at least a 20% increase in prices for new projects and 5-10% higher prices for the under-development units. Tinu Sebeșanu, CEO of IMPACT Developer & Contractor talked to Property Forum about financing conditions, market trends, ongoing projects and new developments on the horizon.

Romanian Nordis Group has kicked off the development of a high-end residential complex located in northern Bucharest. 

The European Bank for Reconstruction and Development (EBRD) has agreed to sell its entire stake in Globalworth Real Estate Investments Ltd to Zakiono Enterprises Limited, a company ultimately owned by CPI Property Group S.A. and Aroundtown SA. No value for the transaction has been released.

Rohlik Group, the provider of online grocery delivery services, has leased a warehouse covering 12,000 sqm in CTPark Bucharest North as part of its expansion strategy in Romania. 

Romanian developer One United Properties has secured €78 million in fresh funding from a group of banks for the office component of One Cotroceni Park in Bucharest. 

Cushman & Wakefield summed up the first half of 2021 on the commercial real estate market in the CEE region. The investment volume at the end of the first half of the year amounts to €3.7 billion and is nearly 25% lower than in the same period in 2020.