ARTICLES LABELLED WITH TAG Bucharest

The centre-west area of Bucharest has become a main office hub, with a total stock of 614,600 sqm estimated for 2022. This year, the area near Politehnica University will surpass the existing stock from Floreasca-Barbu Văcărescu, which has been the main office hub in Bucharest during the past eight years, according to data from real estate consultancy Cushman & Wakefield Echinox.

Smart office startup Nooka Space aims to develop its Romanian network through partnerships with property developers and hospitality operators.

Romanian developer One United Properties aims to raise up to €100 million in equity from investors through a share capital increase. The move will be up for vote during the next shareholder’s meeting of the company slated for April 26. 

Belgian developer Alinso Group has purchased the Metav Business Park in northern Bucharest from Metav S.A. for an undisclosed sum.

Romanian developer One United Properties is reportedly exploring several options to expand outside the domestic market.

Romanian developer Forty Management has completely sold all the apartments and leased all spaces in the Central District 4 Elements project that was completed last year following an investment of €25 million.

Ozan Tuncer has been appointed as the new CEO of Cosmopolis, Opus Land Development's residential compound located near Bucharest. He is replacing Ahmet Buyukhanl, who remains the main shareholder of the company. 

Hagag Development Europe has acquired a new office building located near Bucharest's central area with a built surface of 6,000 sqm. 

Hungarian Indotek Group has purchased Băneasa Business Center, located in the northern business center of Bucharest, with nearly 10,000 sqm of leasable space for an undisclosed sum. 

Property developer Anchor Grup has secured a financing volume of €80 million from Banca Transilvania that will be used to refinance the retail and office segments of the company.