Companies in IT, manufacturing, industry, and the medical and pharmaceutical sectors were the most active in Romania's office rental market over the past five years, generating over half of the demand for new space.
The Romanian land market totalled around €450 million in 2024, a figure similar to 2023, with the residential sector generating the highest volume of transactions, according to estimates by Colliers Romania.
Sales of homes funded by bank loans rose by 40% during H1 2024 compared to the same period of last year over the reduction of interest rates and the increase in transaction prices, according to transactions brokered by RE/MAX Romania.
Bucharest’s short-term rental industry is expected to outperform the previous year's level and has already recorded estimated revenues close to €24 million in H1 2024, according to a Crosspoint Real Estate report.
Grand Development, founded by Romanian entrepreneur Ionuț Nicolescu, has closed a partnership with Radisson Hotel Group for the opening of its first five-star villas resort in Romania, near Brașov.
Inter Cars Hungária Kft. has expanded its business with Prologis by signing a new lease agreement for 5,300 sqm at Prologis Park Budapest-Harbour. Colliers supported the transaction.
On Saturday, May 31, Empik joined the group of tenants of the RONDO Shopping Center in Bydgoszcz. Through stationary stores, the Empik.com platform and the mobile application, over 10 million customers shop there every year.
Romanian brand Suta de Grame has leased 70 sqm in Bucharest-based Sema Parc for a new hybrid location comprising a bistro, cafe and grocer’s shop.
New appointments
Tomáš Fabian has taken on the responsibility of leading the Czech commercial development team at Skanska as Executive Vice President Operations Czech Republic, while still keeping the current responsibilities as Executive Vice President Legal Counsel (CEE).
Magdalena Zagórska, a commercial property expert with 15 years of professional experience, has joined international real estate advisory firm Newmark Polska as Director in the Office Department, with effect from 2 June 2025. Her key responsibilities include representing office tenants during relocations and lease renegotiations.
Trei Real Estate Poland expands its management board - Jacek Wesołowski and Paweł Gołuchowski are joined by Mariusz Cegielski and Dariusz Węglicki. The company announces "dynamic growth in the residential and retail segments".
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