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News Romanian resi market records price drop in Q3 2022
04
Nov
2022

Romanian resi market records price drop in Q3 2022

by Property Forum
Prices of homes in Romania fell by an average of 1.8% in Q3 2022 compared to Q2 2022, although in large regional cities such as Timișoara, Brașov and Iași the prices continued to grow in this period, according to property platform Imobiliare.ro. 
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News Gran Via expands resi project in Constanța
22
Jun
2022

Gran Via expands resi project in Constanța

by Property Forum
Property developer Gran Via Real Estate will invest €26 million in expanding the Gran Via Marina residential project in Constanța with two new blocks of flats that include 190 apartments. 
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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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Latest news


New leases

  • EPP's Outlet Park Szczecin, the only outlet centre in Western Pomerania, is strengthening its fashion offerings by signing agreements with three brands previously unavailable in the region. JACK & JONES and Evenemen, with their men's fashion collections, and the premium optician OUTLY, have already opened their stores. eobuwie will also join the tenant roster this fall. VENEZIA, TATUUM, WITTCHEN, and Pako Lorente are also continuing their partnerships with the centre, significantly expanding their stores, while Lee Wrangler and German Optiker are moving to new locations. The new agreements and extensions cover a total area of nearly 1,800 square meters.
  • mFinanse S.A. has extended its current lease at the LIFE_Building in Warsaw and expanded its office space. As of July this year, the mBank Group company will occupy a total of 350 sqm in the building owned by VIG Fund. During the transaction, VIG Fund was represented by JLL, the exclusive leasing agent for LIFE_Building, while Deloitte Legal provided legal advisory services.
  • Stay Fit Gym, the largest fitness chain in Romania and Eastern Europe, is launching a new premium concept for those seeking high-end facilities. The brand is debuting its first "Black" type centre in the Palas Iași mixed-use complex, owned by Iulius.

New appointments

  • Avison Young's Valuation and Advisory team in Poland has welcomed a new member, Michał Marynowski, who takes the role of Assistant Valuer. Among other experiences, he worked at the Court of Appeal in Warsaw, where he was responsible for verifying execution documentation for selected investments, updating data in the premises database for court buildings, and analysing tender bids. Proficient in GIS, AutoCAD, and Revit, he also has strong skills in interpreting planning documents.
  • Golden Star Group, an international investment firm operating in the real estate sector, has announced the promotion of two key specialists within its Polish team. Paweł Moczybroda has been appointed Group Chief Financial Officer, while Ewa Dragunajtys has been promoted to Head of Asset Management.
  • Tomasz Chojnacki, a commercial property expert with nearly 20 years’ experience, has joined international real estate advisory firm Newmark Polska as Regional Director for Southern Poland in its Office Department, with effect from 1 August. His key responsibilities include representing office tenants during relocations and lease renegotiations.

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