UniCredit Romania has inked a deal with Globalworth for the extension of its lease agreement in the UniCredit HQ building by 2030. The bank has been occupying the building with a leasable area of 17,400 sqm since its opening in 2012. 

The land market in Romania recorded transactions with a combined value of around €250 million in H1 2023, driven by increasing demand in the retail and residential segments.  

iO Partners, a JLL preferred partner, has announced two key promotions in the Office Advisory Department. Maria Florea has been appointed as the Head of Office Advisory Department and Claudia Cetățoiu has been promoted to the role of Corporate Transaction Director within the same unit. 

New Immo Holding, which brings together the real estate activities of the Mulliez Family Association, has recorded gross revenues of €304.5 million during H1 2023, up 7% compared to the same period of last year, while the rental income rose by 2.6%. 

Real estate developer AFI Europe has obtained the LEED v4.1 O+M certification for its AFI Cotroceni mall in Bucharest. The company was assisted by Colliers in obtaining the green certification. 

Primavera Development has started the construction of a new complex of villas in northern Bucharest, with an estimated investment of around €30 million. 

Prime Kapital has inaugurated Carolina Mall in Alba Iulia following an investment of around €47 million. The mall has a leasable area of over 33,100 sqm and hosts 70 stores. 

Romanian developer Impact Developer & Contractor will launch in the next period in Bucharest a new residential complex comprising over 850 premium apartments with a market value of around €350 million. 

Property Forum’s annual SEE Property Forum Award Ceremony will take place during SEE Property Forum on 24 October 2023. The list of award categories is already available and nominations are now open until September 11th. Property Forum’s Country Manager for Romania Fulvia Meirosu and CEO Csanád Csürös answered all potential questions related to the nomination process and explained how the winners will be selected.

Office rents in Bucharest rose by up to 15.8% in the 12 months to June 2023, with the highest prices recorded in the CBD area of the city, according to a report by Cushman & Wakefield Echinox.