Bucharest – the skyline transformation by 2025, an exclusive investment/destination marketing oriented real estate digital tour, for optimism and perspective after a traumatic year (2020), is out now, published by Romania's Real Estate Yearbook 2020.

Spanish developer Gran Via Real Estate announces results beyond expectations for 2020 on the Romanian market. Despite two months of lockdown measures due to the pandemic, the company traded 478 residential units, with a total value of €44.2 million. 

Cushman & Wakefield Echinox has been appointed to manage Floreasca Park office project located in the Floreasca - Barbu Văcărescu area in the north of Bucharest, the largest business hub in the Capital.

The Negoiță family, which also includes the mayor of sector 3 of Bucharest, bought a land of over 10 hectares of the former Tubinox pipe factory from the Indian steel group Viraj, Profit.ro informs.

Liviu Tudor, the Romanian investor who owns the most office space in Bucharest through Genesis Property, bought a former factory for which he paid €3 million, Ziarul Financiar reports citing market sources.

S Immo AG has purchased two properties of the Campus 6 business park in Bucharest from developer Skanska with a total investment volume of €97 million. The two buildings have a total leasable area of nearly 38,000 square metres and both are fully let. Key tenants are Microsoft and Société Générale.

A new railway line connecting Bucharest’s main railway station Gara de Nord to the Henri Coanda International Airport has been inaugurated over the weekend. Trains depart every 40 minutes with a one-way trip taking about 20 minutes. The price of a one-way ticket is RON 4 (around €0.82).

Real estate developer Hagag Development Europe started construction works for its residential project H Eliade 9 Residence. The development budget amounts €16 million. 40% of the available units have been already sold in the pre-construction phase.

Cushman & Wakefield Echinox has been appointed to manage the Ţiriac Tower office building in Bucharest’s Central Business District, starting with October. As a result, Cushman & Wakefield Echinox will be responsible for the management of daily administrative-operational activity within the project, through a team of specialists both on-site and at the headquarters, coordinated by Mihaela Petruescu, Partner Asset Services.

The construction works for phase one of The Ivy, Speedwell’s residential project located in Băneasa, Bucharest, are ready to start as the developer has recently signed a contract with BTDConstruct & Ambient as General Contractor. The first phase of the ensemble comprises two buildings with 228 apartments, with the first building planned to be delivered in June 2022.