Venus Crown Residence Estate will develop the first DoubleTree by Hilton hotel in Brașov following the signing of a management agreement with Hilton. The hotel with 150+ guestrooms is expected to open in the summer of 2023 following an investment of €21 million. 

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. 

Real estate developer Ceetrus has opened Hotel Qosmo within its mixed-use projects Cartier Coresi in Brașov. 

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. 

Brașov-based real estate developer Qualis Properties has listed its bonds on the Bucharest Stock Exchange (BVB). The company carried out a private placement through which it attracted almost €2.1 million, by selling 3-years maturity bonds with a fixed yearly interest of 9%. 

The average asking price for an apartment in Romania stood at €1,379 per sqm in March, up 1.5% compared to the previous month, according to a report by real estate portal Imobiliare.ro. 

Local developer Nordis Group aims to increase its presence in the hotel business and attract more investors. The company has invested in two projects with high tourism potential in the mountains and the seaside.

Cushman & Wakefield Echinox advised Mitiska REIM to sell a property in Braşov to French DIY retailer Leroy Merlin, which continues its expansion plans on the local market.

VGP announces the start of development of its new multitenant business park in Brașov, Central Romania. With the groundworks started beginning of November, the first building with a surface of 9,400 sqm is planned to be delivered mid-2021 and will be partly occupied by pharmaceutical company Fildas Trading Srl. VGP Park Brașov is being developed on a land plot of approx. 390,000 sqm and will have a total potential of about 180,000 sqm lettable area.

AFI Europe Romania has inaugurated its AFI Brasov mixed-use project on 21 October. The project, located near the city’s historic centre, includes a modern shopping centre with 45,000 sqm GLA and 15,000 sqm GLA of office space rising above the retail floors.