Industrial and logistics developer VGP has leased 10,000 sqm in VGP Park Arad project to Romanian courier company FAN Courier. Following the latest lease deal, the industrial project has reached full occupancy for its first building.

French HVAC supplier Groupe Atlantic will open its first Romanian manufacturing plant within the PWP Bucharest North project owned by Alinso in Ploiești. The group will invest around €60 million in the new facility that will be developed on a land plot of 145,000 sqm.

Nusco Imobiliara has already sold 30% of the residential units comprising the second phase of urban regeneration project Nusco City, based in northern Bucharest.

Topband Smart Europe, a Chinese maker of controllers for power tools, home appliances and BMS, has inaugurated its production capacity for the European market in CTPark Timișoara.

Romanian developer HILS Development has announced the launch of a new mixed-use scheme in Bucharest that will include residential, office and retail components that will cover 180,000 sqm.

The office leasing activity in Bucharest totaled 292,000 sqm in the first three quarters of 2023, up by 46% compared to the same period of last year, according to iO Partners data.

Bucharest-based Calea Victoriei is the 50th most expensive main retail street out of 57 locations based in Europe, according to a Cushman & Wakefield report. On this ranking, Bucharest is behind Ljubljana, with a monthly rent of €55 per sqm.

Hospitality group Accor and Romanian construction firm Construcții Erbașu have signed hotel management agreements for two new hotels in Bucharest and Oradea. The companies have also extended the current management agreement for ibis Styles Bucharest Erbas.

Residential sales in the Bucharest and Ilfov area were only 3.8% smaller in Q3 2023 than those registered in Q3 2022, which was a record year, according to a SVN Romania report.

Public transport remains the most important amenity among office-based employees from Generations Z, Y, X, and Baby Boomers, according to a CBRE Romania survey. Furthermore, more than half of them would attend events organised in the office space leased by their employer. Meanwhile, the office workspace remains popular among Gen Y employees.