Romanian developer One United Properties has purchased a land plot of 36,869 sqm in northern Bucharest in a deal worth around €60 million. The company plans to develop a new residential complex with around 900 apartments.

Bogdan Doicescu, Development Director & Executive Board Member at Bog’Art, spoke to Property Forum about the cost forecast for the construction market in 2022 and the company’s plans to diversify their activity with their own residential developments in Bucharest.

Property developer Alesonor has obtained a financing of €21 million from Banca Transilvania that will be used for the first phase of the Amber Forest project near Bucharest. The money will support the development of 294 green homes. 

Vlad Drăgoescu, President of the Board of Directors – Nemo (Radisson Blu / Park Inn Complex) and Head of Portfolio Management at Revetas spoke with Property Forum about the growth engines for the Romanian hotel market and the €24 million overhaul of Radisson Blu that will make it one of the biggest 5-star hotels in CEE.

Romanian property developer ICD Grup and a local investor have purchased a historic villa in central Bucharest from the George Soros Foundation for an undisclosed sum.

The annualized rate of new demand for offices in Bucharest is comparable to the value recorded in 2019, even though it is about a third below the record volume of 2017, according to research by real estate consultancy Colliers.

Tanya Kosseva-Boshova, Managing Partner, Lion’s Head Romania and Bulgaria, spoke to Property Forum about the leasing environment for offices and new investments made by the developer in the co-working space.

Romanian developer One United Properties plans to invest at least €70 million in the next two years in the urban regeneration of abandoned historical landmarks in Bucharest.

Asking prices of apartments in Romania fell by 0.3% in June compared to the previous month, with the average listing price of a property reaching €1,745 per sqm. 

MAD Planning & Projects has sold an office building in Bucharest to the University of Medicine and Pharmacy in Bucharest for an undisclosed sum. The building located close to the University Area is set to host a medical simulation center.