ARTICLES LABELLED WITH TAG Constanta

Romanian developer Iulius has launched Europe's largest private bioremediation project, investing €29 million to clean 38 hectares of contaminated land in downtown Constanța. The project will transform the former Oil Terminal platform into an integrated urban regeneration complex worth over €800 million.

The Romanian residential market experienced a notable downturn in H1 2025, with national home sales decreasing by 3.4% compared to the same period last year. Approximately 74,500 residential units were sold across the country. The Bucharest and Ilfov region, a key market, saw an even steeper decline of 7.9%, with around 25,700 units sold.

Fulga Dinu, Country Manager of CPI Romania, talked to Property Forum about the investments and new leasing deals across the group’s 590,000 sqm office and retail portfolio in the local market and CPI’s ultra personalized approach in relation to its tenants.

Bucharest remains the leader on gross rental yields, while the overall prices in the residential market rose by 14% in 2024, according to a market study by The Concept.

Romanian developer Iulius has comissioned UK-based Foster + Partners architecture studio to work on two projects in Romania.

The Romanian land market totalled around €450 million in 2024, a figure similar to 2023, with the residential sector generating the highest volume of transactions, according to estimates by Colliers Romania. 

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.

Residential broker RE/MAX has announced the expansion of its Romanian network with five new franchises in five cities. 

WDP has purchased several industrial projects and land plots from Globalworth and Global Vision for around €110 million.