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. 

Romanian developer Element Industrial will invest over €25 million in the development of ELI Park Brăila, a new logistics park that will have a gross leasable area of 50,000 sqm. 

The industrial and logistics market in Romania continues to grow in terms of leasing activity and supply of new projects, with some 800,000 sqm in new stock under development at present.  

Property developer Vastint is looking to secure permits to kick off the construction of the second phase of its mixed-use project Timpuri Noi Square (TNS) located in Bucharest. 

Asking prices of apartments in Romania were up 2% in August compared to the previous month to €1,508 per sqm, according to property portal Imobiliare.ro. 

A new survey by Genesis Property shows that 43% of Romanian employees believe that the main feature of their offices should be a healthy space, while 23% say that the workspaces should have a good resource management that includes the usage of renewable energy and efficient recycling. 

Property investment trust Fortress, based in South Africa, has reached an agreement to purchase ELI Park 1, an industrial project in Buftea-Chitila, near Bucharest, for an undisclosed sum. The sellers of the 50,000 sqm project are Element Industrial and Pavăl Holding.

Marius Persenea, Chief Operating Officer of Romanian real estate developer IULIUS talked to Property Forum about financing, sustainable development and future plans for different market segments.