Romanian developer Exigent Property Investment has secured a bank loan of €57.8 million from OTP for the construction of the first phase of its Exigent Plaza Residence complex in Bucharest. 

Asking prices for homes in Romania were up by an average of 1.6% to €1,435 per sqm in February after growing by 0.9% in the previous month, according to property classifieds platform Imobiliare.ro. 

Around 19,000 homes could be delivered in Bucharest and its surroundings this year, down 11% compared to 2022, while over 8,000 homes are at this moment in different development stages and could be delivered in 2024 and 2025, according to real estate consultancy SVN Romania. 

Romanian developer Arqa, founded by Pedro Construct’s owner Petre Niculae and businessman Florin Ababe, has started the construction of a new residential complex in northern Bucharest and will start two new residential investments in the western part of the city. 

Trikaya Investment Fund is changing its strategy to ensure stable returns for its investors and it is now adding residential projects to its portfolio. The first is the Brno project Čtvrť Pod Hády by the Trikaya development group of the same name. The estimated value of the entire project is more than CZK 4 billion (€168.5 million), writes e15.cz.

Romanian developer Forty Management has obtained the Green Homes certification from the Romania Green Building Council (RoGBC) for its District Viitorului 134 mixed-use project based in Bucharest. 

JRD is merging two of its divisions. JRD Development, a specialist in sustainable development and healthy living, and JRD Land, a land bank and specialist in subdivision development and urban planning. This creates a division with the new name JRD Real Estate. The CEO of JRD Real Estate remains Alexandra Tomášková, who has been leading the two separate divisions from her position as CEO.

Romanian developer One United Properties has obtained a loan of €20 million from Banca Transilvania for the for the completion of the One Cotroceni Park residential development in Bucharest. 

Construction has begun on the Verde Slaný residential project in the royal town of Slany. The entire complex will be built in several stages on the former Benar cotton spinning mill site in the immediate vicinity of the revitalised Kumpán Garden. The estimated investment for the entire project is over CZK 1 billion (€42.3 million) with the planned construction of more than 220 new apartments.

Last summer, Invesco Real Estate bought the Delta building, one of the phases of its multifunctional Hagibor project, from developer group Crestyl. The building is to include a total of 165 flats in layouts ranging from 1+kk to 4+kk for rental housing purposes. Construction started in Q4 of last year and is scheduled for completion in Q3 2024. Zeitgeist Asset Management will take care of the complete management of the project during construction, as well as the subsequent leasing and management of the apartments, the company announced.