Real Estate Investment and Port Shipping & Engineering, a group of companies operating in the field of civil and industrial construction, are jointly investing €10 million in a new residential project in Constanța. 

Spanish-based developer Gran Via has appointed Antoanela Comșa as the new President of its Romanian operations. She is replacing Jose Aguinaga, who will remain the main shareholder of the company.

Real estate developer Geometrik Build will invest €20 million in its first large-scale residential project located in southern Constanța. 

Impact Developer & Contactor has named Constantin (Tinu) Sebeșanu as CEO of the company, with a 4-year mandate. He is replacing Sorin Apostol, who was appointed Executive Director and member of the Board of Directors at the General Shareholders Meeting.

Asking prices for apartments and houses in Romania gained 3% in the first quarter of 2021 compared to the same period of 2020, but the yearly growth rate cooled down due to the reduction of demand and the increase of stock available for sale, according to a report by Imobiliare.ro. 

The average asking price for an apartment in Romania stood at €1,379 per sqm in March, up 1.5% compared to the previous month, according to a report by real estate portal Imobiliare.ro. 

Impact Developer & Contractor has started the works on the first 3 blocks of the Boreal Plus residential compound in the north of Constanța. The enterprise contract worth €9.5 million was concluded with the construction company Premium Invest Concept.

Globalworth and Global Vision have leased part of the first warehouse delivered within Constanța Business Park to PepsiCo. The company will lease storage space of approximately 6,000 square meters and an office area of ​​550 square meters.

Globalworth Industrial, the industrial and logistics sub-brand of Globalworth, has begun construction at Constanța Business Park, the largest mixed-use project in Romania. The business park is being developed on a plot of some 100 hectares and will include industrial and logistics, production and service space, as well as office buildings and an intermodal hub.

Local real estate developer Global Vision, controlled by Romanian investor Sorin Preda, has started a €200 million industrial development project on a 100 ha land it acquired last year near Constanta’s port.