ARTICLES LABELLED WITH TAG Timisoara

Radisson Hotel Group is planning to grow its portfolio of brands operating in Romania and will roll out new formats on the local market. 

Iulius Mall, part of mixed-use project Iulius Town Timișoara, was awarded the LEED GOLD certification by the US Green Building Council as part of the developer’s efforts to line up its portfolio to international sustainability standards.

Smart controller provider Topband Europe has leased 11,000 sqm of industrial spaces in the Olympian Park based in Timișoara, in a deal that marks the entry of the Chinese company on the Romanian market.

Belgian WDP, the developer of industrial and logistics projects, says it has ongoing investments of around €102 million in several Romanian cities with deliveries expected by the first quarter of 2022.

CTP, the industrial and logistics developer, has acquired seven buildings covering 153,000 sqm from Olympian Parks Group for an undisclosed sum. The assets are located in Brașov, Timișoara, and the south of Bucharest, which are some of the cities with the biggest stock of warehouses.   

Property developer Campeador says it has secured a loan worth €4.5 million from CEC Bank to continue the construction of its residential project in Timișoara. 

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. 

Polish developer Scallier has purchased a retail project in Timișoara from Oasis Group for an undisclosed sum. 

Asking prices for apartments and houses in Romania gained 3% in the first quarter of 2021 compared to the same period of 2020, but the yearly growth rate cooled down due to the reduction of demand and the increase of stock available for sale, according to a report by Imobiliare.ro. 

Kromberg & Schubert, the German producer of cables and electrical systems for the car industry, has sold its plant in Timișoara to Continental Group, according to market sources quoted by ZF.ro. The transaction will allow the company to replace its manufacturing operations in the city with research and development activities.