Romanian property company Impact Developer & Contractor has obtained the construction permit for its Greenfield Copou residential project in Iași that will have a market value of around €175 million.

Affan Yildirim, General Manager, Board Member of Anchor Grup and Board Member of Shopping MallDova, spoke with Property Forum about the company’s experience on the local market for the last 25 years and the new investments planned in Bucharest in the next period, with the aim of transforming the local real estate industry.

Romanian medical equipment distributor Dentstore has expanded its leased warehousing capacity in CTPark Bucharest to 8,500 sqm in a bid to accommodate higher demand from Romania and Bulgaria.

Alina Necula, Country Manager for Romania at Lion’s Head, spoke with Property Forum about the company’s plans to expand in the industrial and logistics sector and its strategy to boost its Bucharest- based portfolio. She also mentioned some of the trends that are shaping the workplace environment. 

Financial company Transilvania Investments has sold the Coroana-Postăvaru hotel in Brașov for close to €9.4 million as part of its portfolio rebalancing strategy. The sale was carried out in a public offering. 

Rüdiger Dany, CEO of NEPI Rockcastle, spoke with Property Forum about the strong recovery of retail markets in CEE after the pandemic, the development pipeline of retail and residential projects in Romania, and the group’s investments in ESG that are already translating into lower carbon emissions.

Office leasing in Bucharest totaled 128,915 sqm in the second quarter of 2023, up 48% compared to the same period of last year, driven by large deals closed by retail, financial and technology firms, according to a report by Fortim Trusted Advisors, a member of BNP Paribas Real Estate Alliance. 

Victor Constantinescu, Managing Partner of Kinstellar Bucharest, talked to Property Forum about this year’s environment for property investments in CEE and Romania’s emerging profile as a hub in the region which will generate more development across the economy, including the property and clean energy sectors.

The investment transaction activity in Romania recorded total volumes of close to €170 million in the first half of 2023, which is down by around 50% compared to the same period, but the transactions could reach around €700 million by the end of 2023, according to Colliers data. 

Opus Land and Mark Twain International School have signed a partnership for the construction of a private educational campus within the Cosmopolis residential complex based in the northern region of Bucharest.