ARTICLES LABELLED WITH TAG Romania

As Romania has eliminated all pandemic restrictions earlier this week, companies plan to increase the number of employees returning to the office in the near future. 

Polish developer Scallier has obtained the BREEAM certificate at the Excellent level for its retail park that was opened last November in Focșani. 

Futureal-Cordia-HelloParks Group and its employees have made a number of commitments to help refugees from Ukraine.

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. 

One United Properties continues to develop its Bucharest-based office portfolio which has reached an estimated value of almost €400 million. Property Forum spoke with Mihai Păduroiu, CEO of the Office Division of One United Properties, about the transformation in the office market triggered by the pandemic and the drivers of demand going forward.

Globalworth’s adjusted normalised EBITDA decreased by 8.1% to €130.2 million in 2021, compared to €141.6 million in 2020, due to a lower net operating income. Net profit significantly improved to €47.5 million (2020: net loss of €46.8 million) due to marginal revaluation losses of €5.7 million in 2021 compared to the €116.2 million revaluation losses in 2020. The company published its unaudited financial results for 2021

AFI Europe Romania says that all its office portfolio comprising seven projects has received the Well Health-Safety Certification.  

With around 122,000 sqm of new industrial space under development in Romania, WDP is seeing growing demand across its entire portfolio. Property Forum talked to Gijs Klomp, Business Development Manager at WDP Romania, about the new demand drivers and the investment potential in areas where infrastructure development is accelerating.

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. 

Bergam Design House will manage the renovation process of Grand Hotel Bucharest, former Intercontinental Bucharest, as part of an €21 million investment that will be completed in 2024.