Romanian developer Iulius has opened its first convenience retail project in Miroslava locality, near Iași, following an investment of around €12 million.  

Romania is an attractive market for international retail companies which are interested in leasing large areas, often above 1,500-2,000 sqm, according to a report by real estate consultancy CBRE. Bucharest is the leading city with 66,222 sqm of retail spaces under development, followed byu Craiova, Timișoara and Iași.

Romanian developer Iulius will develop a new residential building in Iași, close to Palas Campus office project, based on the architectural complex designed by UNStudio. 

Residential asking prices in Romania grew by 2.5% in May compared to April to an average of €1,751 per sqm, with Cluj-Napoca remaining the most expensive market in the country, according to the Imobiliare.ro platform. 

Romanian developer Iulius has announced a new urban regeneration project in Cluj-Napoca that will be jointly developed with Atterbury Europe following an investment of more than €500 million. 

The average asking price for apartments in Romania gained 0.8% in February to €1,609 per sqm compared to the same period of last year. Over the past 12 months, the average increase of prices stood at 18.5%, according to property classifieds platform Imobiliare.ro. 

Evergent Investments, a financial company listed on the Bucharest Stock Exchange (BVB), has announced the development of a new mixed-use project in Iași with an estimated value above €100 million. 

The Grivalia investment fund is reportedly looking to sell its property portfolio in Romania, which has a valuation of around €65 million, according to profit.ro. 

Hotel investments in Romania are starting to recover and only in Bucharest four hotels were sold for an estimated €19.2 million during 2021.  

Asking prices for apartments in Romania were up 2.7% at the start of January compared to last month, to €1,551 per sqm, with Cluj-Napoca leading the growth trend, according to real estate platform Imobiliare.ro.