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News Forty Management sells out €25 million project in Bucharest
17
Mar
2022

Forty Management sells out €25 million project in Bucharest

by Property Forum
Romanian developer Forty Management has completely sold all the apartments and leased all spaces in the Central District 4 Elements project that was completed last year following an investment of €25 million.
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News Forty Management to build Romania's highest residential tower
13
Jan
2022

Forty Management to build Romania's highest residential tower

by Property Forum
Romanian developer Forty Management has initiated the authorization procedure for Royal Suites Central District in northern Bucharest, with a market value of €76 million. Once completed, the building will be the tallest residential project in Romania with a height of 122 meters. 
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News Residential prices in Romania up 2.7% in January
07
Jan
2022

Residential prices in Romania up 2.7% in January

by Property Forum
Asking prices for apartments in Romania were up 2.7% at the start of January compared to last month, to €1,551 per sqm, with Cluj-Napoca leading the growth trend, according to real estate platform Imobiliare.ro.
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News Forty Management to deliver Bucharest mixed-use project in June 2022
08
Nov
2021

Forty Management to deliver Bucharest mixed-use project in June 2022

by Property Forum
Romanian property developer Forty Management says it will deliver a Bucharest-based mixed-use project in June 2022. 
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News Zacaria starts a new residential development in Sibiu
29
Oct
2021

Zacaria starts a new residential development in Sibiu

by Property Forum
Property company Zacaria has kicked off the development of Valletta Park, a new residential project with 121 apartments in Sibiu. 
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News Meta Estate Trust invests in Sibiu-based mixed-use scheme
20
Oct
2021

Meta Estate Trust invests in Sibiu-based mixed-use scheme

by Property Forum
Romanian property holding Meta Estate Trust says it has invested €500,000 in the first phase of residential project The Lake Home from Sibiu. 
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News Cloud 9 in Bucharest reaches 85% sell rate
29
Sep
2021

Cloud 9 in Bucharest reaches 85% sell rate

by Property Forum
Akcent Development’s Cloud 9 residential project in northern Bucharest reached 700 units sold by the end of August out of 820 apartments available in the complex. 
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News Romanian residential prices up 2% in August
08
Sep
2021

Romanian residential prices up 2% in August

by Property Forum
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. 
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News Speedwell develops new residential building in Bucharest project
24
Aug
2021

Speedwell develops new residential building in Bucharest project

by Property Forum
Property developer Speedwell has kicked off the construction of Building 2, part of the first phase of residential complex THE IVY located in Băneasa, northern Bucharest. 
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News New apartments in Romania to register 20% price hikes
28
Jul
2021

New apartments in Romania to register 20% price hikes

by Nicolae Ovidiu
One of the most active residential developers of the Romanian market estimates at least a 20% increase in prices for new projects and 5-10% higher prices for the under-development units. Tinu Sebeșanu, CEO of IMPACT Developer & Contractor talked to Property Forum about financing conditions, market trends, ongoing projects and new developments on the horizon.
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Latest news


New leases

  • Majorel Polska, an international outsourcing services provider has extendied a lease agreement for the next 2 years and leased additional 400 meters for a new project - IT Hub in recently modernised Globis Poznań by GTC. It now occupies 3 200 sqm of A-class workspace. CBRE has advised Majorel Polska on concluding the lease contract.
  • NEPI Rockcastle Poland has extended its office lease agreement and enlarged its premises in the Cosmopolitan Twarda 4 building in Warsaw city centre. The shopping centre owner and operator now occupies 1,500 sqm of offices in the building.
  • Boeing Distribution Services (BDSI) has leased a 3,000 sqm building in Panattoni Park Rzeszów Airport III in Poland’s ‘Aviation Valley’, in the southeast of the country.

New appointments

  • Tomasz Pietrzak, with MLP Group for more than five years, has been promoted to the position of Leasing Director Poland. Until recently responsible for the commercialisation of warehouse space in the Warsaw region, now he will manage leases across Poland.
  • Savills has hired Dušan Drábek who joins its industrial agency team with immediate effect. Based in Savills Prague office, the new Associate Director will work alongside the Head of Industrial Agency, Chris LaRue.
  • Real estate consultancy Cushman & Wakefield Echinox has appointed Roxana Nicolae as Workplace Manager. She has 17 years’ worth of experience in Integrated Facilities Management for corporate clients.


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