ARTICLES LABELLED WITH TAG Bucharest

Romanian developer One United Properties has announced that construction has kicked off at Mondrian Hotel in Bucharest, with completion expected in 2026. 

Romanian developer Eden Capital aims to deliver by H2 2026 a new high-end residential complex in northern Bucharest with an estimated value of €130 million. 

The leasing volume of industrial and logistics spaces in Romania amounted to 410,500 sqm during H1 2024, down by 25% versus the same period of last year, with close to half of the total take-up recorded in Bucharest region, according to a Cushman & Wakefield Echinox report. 

InteRo Property Development, owned by the Canadian Topolinski investors family, has kicked off the construction of a new mixed-use project in Bucharest with a valuation of €1 billion. 

The ongoing construction of office projects in Bucharest fell by around 50% year-on-year by H1 2024, to 46,900 sqm, with their completion scheduled for 2024-2026, according to an iO Partners report. 

The office leasing volume closed in H1 2024 grew by 0.2% compared to the same period of last year, with Bucharest seeing the biggest activity, followed by Cluj-Napoca and Timișoara, according to a report by Fortim Trusted Advisors.

Romanian developer One United Properties has announced the contracting of a €20 million increase in the financing obtained in 2021 for the development of One Cotroceni Park Office Phases 1 and Phase 2. The financing increase was backed by BCR and BRD and will be used to reimburse shareholder loans and cover other costs related to the credit facility increase transaction. 

Law firm Kinstellar has advised Globalworth on the sale of a logistics portfolio in Romania to WDP, in one of the biggest industrial transactions completed in Romania in the year to date.

Polish fashion retailer LPP has reached 90,000 sqm of leased space in CTPark Bucharest West, after opening a new e-commerce facility spanning 40,000 sqm in the project. 

Attila Beer, Country Manager at Alukönigstahl Romania & Republic of Moldova, spoke to Property Forum about the company’s growth plans for 2024 and the outlook for the residential sector, which generated 80% of its sales last year.