The Bucharest economy stands as one of the most insulated service centres in Europe to the negative fallout related to the COVID-19 outbreak. This is largely due to Bucharest’s heavy reliance on IT&C activities as well as scientific and professional services, on par with European capitals like Dublin, Paris and London.  That said, Romania’s high integration in global value chains means that it will face significant headwinds given negative developments in the global economy.

Cushman & Wakefield Echinox has been commissioned to manage Mendeleev Office 5, an office building recently delivered in downtown Bucharest, by Akcent Development.

Due to the uncertainty surrounding the coronavirus situation Property Forum has decided to reschedule its spring events – Bratislava Property Forum, SEE Property Forum and Prague Property Forum – to autumn 2020.

Revetas Capital Advisors and Cerberus Capital Management have put the Landmark office building in central Bucharest up for sale.  

This year Spanish-based developer Gran Via Real Estate will complete the development of the Timișoara 58 residential complex in Bucharest, at the site of the former Frigocom factory, at the crossroads of Timișoara Boulevard and Moinești Street.

Romanian developer Forte Partners has acquired a 9,300 sqm land plot of on Expozitiei Boulevard in Northern Bucharest, Ziarul Financiar reported.

AFI Europe Romania plans to expand the AFI Cotroceni mixed-use project in Bucharest with new retail, office, residential and hotel components. According to Ziarul Financiar estimates, the expansion would see the project’s total value increase from €700 million to €1-1.2 billion.

Israel-based international hotel chain Fattal Holdings has acquired hotels in Budapest and Bucharest, increasing the chain's portfolio to 225 hotels.

Atenor announced that the final building permit for the Dacia One project has been obtained. Dacia One is located on the crossing between two of Bucharest most prestigious boulevards, Calea Victoriei and Bulevardul Dacia. The project includes two separate buildings consisting of a historic listed villa (1,500 sqm) formerly occupied by the German Legation and a new state-of-the-art Class A office building (13,500 sqm).

Spanish-based developer, Gran Via Real Estate has invested more than €200 million in Romania in the last 15 years and completed about 1,800 apartments until the end of 2019. The company has specialized in the conversion of former industrial lots into residential projects, communities where thousands of families have started a new life.