ARTICLES LABELLED WITH TAG Bucharest

Deloitte has renewed the office lease agreement for its three delivery centres spanning 12,500 sqm in Bucharest-based Oregon Park, owned by Lion’s Head.

The Carol Davila University has completed the purchase of the Quest boutique building in central-eastern Bucharest in a deal brokered by Crosspoint Real Estate. 

P3 Logistic Parks (P3) has concluded lease transactions for over 107,000 sqm in the first half of 2023, with most of the demand coming from existing clients.

Industrial developer CTP has achieved the first BREEAM Outstanding certification for BUW 20-21, with an area of over 100,000 sqm, part of CTPark Bucharest West. 

Romanian Fortim Trusted Advisors, a member of BNP Paribas Real Estate Alliance, is expanding into the residential category, with sales & marketing services. 

Property developer Portland Trust has inked a partnership with Griffes for managing the leasing and commercial operations of Bucharest-based J8 Office Park.

Spanish developer Hercesa has obtained a loan worth 33 million lei (€6.6 million) from Libra Internet Bank for the construction of a new residential project in western Bucharest. 

Romanian developer Redport Capital will start this fall the construction of the third phase of The Level Apartments complex in northern Bucharest. The company says it has already pre-sold 40% of the apartments in the new phase that will be completed following an €12 million investment. 

Radisson Hotel Group was selected to be the operator of the hotel component in the Central District Lagoon City, developed in Bucharest by Forty Management. The Radisson Lagoon Hotel Bucharest is planned as the first of several such branded co-operations across the globe. 

Romanian property holding Meta Estate Trust has sold its 40% stake in Redport Properties, the developer of The Level Apartments project in Bucharest, for more than €2.7 million. Additionally, the holding has decided to gradually reinvest €2 million by acquiring 10% of Redport Capital for future developments.