Bucharest’s short-term rental industry is expected to outperform the previous year's level and has already recorded estimated revenues close to €24 million in H1 2024, according to a Crosspoint Real Estate report.
Law firm Kinstellar has advised Globalworth on the sale of a logistics portfolio in Romania to WDP, in one of the biggest industrial transactions completed in Romania in the year to date.
DP World has opened three new logistics sites in Romania following combined investments of €86 million in a move designed to increase cargo flow capacity in the country.
Romanian developer Euro Vial Residence has purchased a six hectare land plot in the northern area of the city of Constanța, towards Ovidiu, for €6.5 million.
Romanian developer Iulius has signed a partnership with Oil Terminal, a public company owned by the state, for the urban regeneration of a 38-hectare land plot in Constanța. Iulius plans to invest more than €810 million in a large mixed-use scheme.
The residential market in Romania registered a record number of deliveries of 73,332 new homes during 2022, up 3% compared to 2021, driven by the growth in regional cities, according to a report by Colliers Romania.
Asking prices for homes in Romania were up by an average of 1.6% to €1,435 per sqm in February after growing by 0.9% in the previous month, according to property classifieds platform Imobiliare.ro.
Romanian developer Impact Developer & Contractor has completed the first 209 apartments comprising the first phase of the Boreal Plus residential project in Constanța.
C&A is opening of the largest single-level C&A shop in Poland. The outlet will launch in the Blue City shopping centre in Warsaw. The new shop occupies an area of approximately 2,500 sqm.
The Smart Outlet Center in Białystok (eastern Poland) has added new shops - Tedi and Esotiq, which occupy a total of around 900 sqm.
Chefs Culinar, a distributor of products for the HoReCa sector, has become the first tenant at MLP Business Park Łódź. The company has leased over 1,600 sqm of warehouse and office space. The transaction was brokered for the tenant by Renthis Estate.
New appointments
Modivo, which is part of the CCC Group, is changing the composition of its board of directors. Marcin Czyczerski was dismissed from the position of president, and his place was taken by Dariusz Miłek. The decision is aimed at improving cooperation between the companies.
Krisztina Enzsöl has joined Knight Frank Hungary as Associate Director in the office division. She has over 24 years’ worth of experience in real estate, being specialised in office leasing. In addition, Enzsöl has extensive knowledge in both tenant and landlord representation.
Beginning of September this year, the Management Board at Avison Young's Polish branch underwent a change, with Monika Bronicka, Director, Head of Valuation and Advisory, Business Development, becoming a Member of the Board.
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