JLL: High Rental Yields Attract Investment Funds to Romania
12.15.2020
The residential sector remains one of the most attractive investments on the Romanian real estate market, with yields above other countries in the region, attracting local and institutional investors who buy thousands of apartments with minimum yields of 6.5%-7%, a report by JLL showed Tuesday.
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Constitutional Court Ruling Clears Way for EUR3B Development at Romexpo today, 16:48
Romania's Constitutional Court has upheld the transfer of a 46-hectare land in the Romexpo area in northern Bucharest from state property to the... more
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Practic Bucuresti Approves Its 2021 Budget: RON35.4M Turnover And RON23M Net Profit 03.01.2021
Shareholders of real estate developer Practic Bucuresti (PRBU.RO), held by Radu Dimofte, have approved the company’s income and expense budget... more
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ELKO Romania Relocates To CTPark Bucharest, Rents 1,800 Sqm 03.01.2021
ELKO Romania, the local division of Latvian distributor of IT and consumer electronics products, has rented 1,800 square meters within logistics... more
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Bucharest Properties REIT Completes Stage Two of Vitan Estates 03.01.2021
US-held Bucharest Properties REIT, a real estate developer specializing in rental apartments in Bucharest, has completed the second stage of the... more
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C&W Echinox: Bucharest Office Market Demand Seen Growing 20-30% in 2021 02.25.2021
Demand for office spaces in Bucharest will increase by 20-30% this year, as a significant part of the major tenants are actively evaluating options... more
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JLL: One Million Sqm Modern Stock in the Development Pipeline for 2021 02.25.2021
Developers on the local property market have over one million square meters of modern industrial, office and retail stock in the pipeline for 2021,... more
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US Insurer MassMutual Rents 1,700 Sqm of Office Space in Record Park in Cluj-Napoca 02.25.2021
US insurer MassMutual has rented 1,700 square meters of class A office space, occupying the second floor of Record Park building in Cluj-Napoca,... more
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Colliers: Logistics & Industrial Dominated Real Estate Market in 2020 02.23.2021
The logistics and industrial sector was the most dynamic real estate segment in 2020, with 72% growth in demand and nearly 784,000 square meters... more
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eMAG Seeks To Develop Industrial Park In Giurgiu County 02.22.2021
eMAG, the largest online retailer in Romania, seeks to develop an industrial park in Joita locality (Giurgiu County), where it is building a... more
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XXXLutz Leases 6,000 Sqm in WDP's Logistical Park in NW Bucharest 02.22.2021
Austrian furniture and home decor retailer XXXLutz has leased 6,000 square meters of storage in the logistical park developed by WDP in... more
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CBRE Recruits Mihai Patrulescu from Colliers to Lead Investment Properties Department 02.18.2021
Real estate consultancy company CBRE has recruited Mihai Patrulescu to lead the Investment Properties department of CBRE Romania, working closely... more
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C&W Echinox: Pandemic Pushes Logistical Demand and Development to New Records 02.18.2021
The Romanian logistics and industrial market has accelerated its expansion in 2020 both in terms of demand, which neared the 1 million square... more
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JLL Romania Expands Industrial Team, Puts Ciprian Sirbu in Charge of Supply Chain Services 02.18.2021
Real estate consultancy company JLL Romania has recruited Ciprian Sirbu, former logistics manager at Vivre, to manage its Supply Chain Services... more
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Prima Development Group Plans Three New Residential Projects in Bucharest 02.17.2021
Prima Development Group, a real estate developer based in Oradea, plans to finish the construction of 640 apartments in Bucharest and Oradea and... more
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RE/MAX: One Third of Realtors See House Prices Rising 02.17.2021
Around one third of real estate specialists expect prices of houses and lands to grow by up to 10% in 2021, while prices for retail and office... more
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Changes In Structure Of Office Building Tenants: E-commerce Sector Gains Ground; IT&C Falls After Record Leases In 2019 02.17.2021
The structure of office building tenants has changed over the last months, with the e-commerce sector increasing as share and the IT&C sector... more
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Developer P3 Transacted 200,000 Sqm of Logistical Space in Romania in 2020 02.16.2021
Czech logistics developer and owner P3 transacted over 220,000 square meters of storage and office spaces in Romania in 2020, better than it... more
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One United Properties Gets EUR50M From Black Sea Trade Bank To Finalize One Tower Office Building 02.16.2021
One United Properties, a real estate developer held by Victor Capitanu and Andrei Diaconescu, has obtained financing of EUR50 million from the... more
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Logistics Company Maracana Leases 5,000 Sqm In MLP Bucharest West 02.16.2021
Transport and logistics operator Maracana has rented 5,000 square meters of logistic space within the MLP Bucharest West logistics park developed... more
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Developer Iulius Group Sets Aside 25% of Palas Iasi Expansion for Local Entrepreneurs 02.16.2021
Real estate developer Iulius Group of businessman Iulian Dascalu will allocate 25% of the 6,000 square meter retail space expansion of Palas Iasi... more
FAN Courier, the leading courier services company in Romania, expects to end the year with a turnover of EUR205 million – close to
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Swedish real estate developer Skanska has sold office buildings Campus 6.2 and Campus 6.3 in Bucharest to Austrian developer S Immo,
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SoftOne Romania, a member of Greek investment group Olympia, continues its expansion by acquiring Orosimo Software, a software
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TeraPlast, the parent-company of TeraPlast Group, announced Friday the sale of its window profiles business to Dynamic Selling Group, a
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U.S. automaker Tesla is in a straight line with the opening of a center in capital city Bucharest and, for starters, it seeks to employ
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Romania plans to invest over EUR22 billion in its energy sector in the next ten years, according to the country's draft energy strategy
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Romania will sign a financing agreement totaling $8 billion with the United States for the refurbishment of one nuclear reactor and the
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The European Commission said Monday it has approved, under EU State aid rules, a RON21.3 million (approximately EUR4.4 million)
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DCS Plus, Druid and Tremend are the Romanian companies recognized in the Deloitte 2020 Central Europe Technology Fast 50 program in the
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Pet food and other care product sales will increase by 13% to almost 3 billion lei this year, data provided by market research company
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Romania’s Automotive Industry Loses EUR5B in Revenue Due to Production Halt in Spring
The revenue of Romania’s automotive industry shrank by 15% from more than EUR30 billion in 2019 to some EUR25 billion this year, data from Romania’s carmaker association ACAROM shows.
