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News Sustainability targets gain prominence in property financing
07
May
2024

Sustainability targets gain prominence in property financing

by Ovidiu Nicolae
Banks are starting to ask from the first stage about the sustainability targets of real estate projects, while EU rules are shaping the reporting framework, concluded speakers of the construction and property development panel of Property Forum’s Romania ESG Forum held in Bucharest.
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News Prima Development makes large land purchase in Bucharest
29
Apr
2024

Prima Development makes large land purchase in Bucharest

by Property Forum
Prima Development Group has purchased a land plot spanning 6 hectares in northern Bucharest, where it plans to develop a large-scale residential project. The developer already owns another land plot of 5 hectares in the same area.
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News Kinstellar advises House of Julius Meinl on Hotel Ambasador deal
25
Apr
2024

Kinstellar advises House of Julius Meinl on Hotel Ambasador deal

by Property Forum
Kinstellar has advised the hospitality division of the House of Julius Meinl on the completion of the purchase of the Hotel Ambasador, one of the most famous hotels in Bucharest. Operating continuously since 1937, it is an iconic landmark in the city. 
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News Hercesa’s resi pipeline in Bucharest counts 1,000 units
25
Apr
2024

Hercesa’s resi pipeline in Bucharest counts 1,000 units

by Property Forum
Hercesa Romania has 1,000 apartments under construction and in preparation in two residential projects based in Bucharest.
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News STC Partners stars second phase of Bucharest resi project
25
Apr
2024

STC Partners stars second phase of Bucharest resi project

by Property Forum
STC Partners has kicked off the development of the second phase of residential complex Quartier Azuga in Bucharest, with a planned investment of more than €15 million.
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News Genesis Property buys land in western Bucharest
23
Apr
2024

Genesis Property buys land in western Bucharest

by Property Forum
Romanian developer Genesis Property has purchased a 30,000 sqm land plot from Stizo Invest, for an undisclosed sum, in a transaction brokered by Colliers.
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News Property investments in Romania soar 33% in Q1 2024
22
Apr
2024

Property investments in Romania soar 33% in Q1 2024

by Property Forum
Real estate investments in Romania reached €205.75 million during Q1 2024, up 33% year-on-year, driven by the retail sector, shows a Fortim Trusted Advisors report.
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News Julius Meinl Living buys hotel in Bucharest
22
Apr
2024

Julius Meinl Living buys hotel in Bucharest

by Property Forum
Julius Meinl Living has completed the purchase of Ambasador Hotel in Bucharest, with the project set to undergo a major revamp and reopen as The Julius Bucharest in 2027.
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News One United Properties reports resi sale fall in Q1 2024
22
Apr
2024

One United Properties reports resi sale fall in Q1 2024

by Property Forum
Romanian developer One United Properties said its residential sales and pre-sales volumes totaled €57.1 million in Q1 2024, down by around 10% year-on-year.
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News River Development names new Managing Partner
17
Apr
2024

River Development names new Managing Partner

by Property Forum
Romanian developer River Development has appointed Oana Rădulea as Managing Partner, replacing Liviu Birău. She assumed her new role in January 2024.
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Latest news


New leases

  • Eurowag has new headquarters in Warsaw. The company will occupy around 600 sqm in the Q22 office building. Avison Young Office Agency represented Eurowag in the relocation.
  • Zenitech Consulting Zrt., formerly Autsoft, has signed a lease for 1,500 sqm of office space in the mixed-use Liberty building developed by WING. At the same time, the Hungarian representative office of a major international company has signed a lease for an additional 2,000 sqm. The agreements were facilitated by CitiReal Advisors and iO Partners Hungary.
  • OLX has expanded its office space in Bucharest-based America House by 717 sqm to a total of 1,663 sqm in a deal brokered by Fortim Trusted Advisors, a member of the BNP Paribas alliance. Țuca Zbârcea & Asociații provided legal consultancy to America House during the lease negotiation process.

New appointments

  • Management Board of Globe Trade Centre has announced that on the 3rd of December, the company received a written statement from György Stof on his resignation as a Member of the Company's Management Board.
  • Dom Development has announced changes to its Management Board. Monika Dobosz will become a Member and Vice-president of the Management Board. In this position, she will replace Leszek Stankiewicz, who has submitted a declaration of resignation from this position. Dobosz will be responsible for the company's finances.
  • Dariusz Blocher has resigned from the position of chair of Unibep. The supervisory board has appointed Andrzej Sterczyński as president of the company from January 1st, 2025.

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