ARTICLES LABELLED WITH TAG Romania

News SIF Banat-Crișana’s Bucharest land purchase challenged in court
23
May
2022

SIF Banat-Crișana’s Bucharest land purchase challenged in court

by Property Forum
Tabogo Property, a company owned by Canadian investor Michael Topolinski, has challenged in court SIF Banat-Crișana’s purchase of a land plot in Bucharest. The financial company won the €33.59 million tender for Belvedere Cigarette Factory last week.
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News Plaza Centers seeks damages from Romania in court
23
May
2022

Plaza Centers seeks damages from Romania in court

by Property Forum
Property developer Plaza Centers is seeking €262.2 million in damages from the Romanian state, alleging that it recorded massive losses from the Casa Radio project in Bucharest. The company filed a complaint with the International Centre for Settlement of Investment Disputes (ICSID) in Washington. 
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News Bucharest-based Golden Tulip Victoria hotel sold
23
May
2022

Bucharest-based Golden Tulip Victoria hotel sold

by Property Forum
Hotel group Real Estate&Constructii, controlled by David Fattal, has completed the acquisition of Golden Tulip Victoria hotel in Bucharest, according to rhn.ro. 
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News Bucharest’s office vacancy rate at 16.5% in Q1 2022
20
May
2022

Bucharest’s office vacancy rate at 16.5% in Q1 2022

by Property Forum
The vacancy rate in Bucharest’s office market remained flat at 16.5% in the first quarter of 2022, similar to last year, although there is a growing gap between Class A projects and older buildings in areas with lower demand, according to real estate consultancy Colliers. 
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News Nordis Group adds new shareholders
20
May
2022

Nordis Group adds new shareholders

by Property Forum
Romanian developer Nordis Group has added Daniel Penciuc (left in picture) and Florin Poștoacă as shareholders, each with stakes of 5% in Nordis Management. Following the move, the group’s number of shareholders rose to six. 
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News Square 7 Properties buys land in Mediaș
20
May
2022

Square 7 Properties buys land in Mediaș

by Property Forum
Square 7 Properties, the country partner for Romania of Mitiska REIM, has purchased a land plot of 30,000 sqm in Mediaș for an undisclosed sum. 
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News SIF Banat Crișana buys land in Bucharest
19
May
2022

SIF Banat Crișana buys land in Bucharest

by Property Forum
Financial company SIF Banat Crișana has purchased a land plot in Bucharest that hosted an industrial platform for Interagro, a company that is currently under administration, according to Economica.net. 
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News Țiriac Imobiliare delivers office project in central Bucharest
17
May
2022

Țiriac Imobiliare delivers office project in central Bucharest

by Property Forum
Romanian developer Țiriac Imobiliare has officially opened its new office project in central Bucharest, located near Victoriei Square. 
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News HAVI reports sustainability results from Chitila Logistics Hub
17
May
2022

HAVI reports sustainability results from Chitila Logistics Hub

by Property Forum
Supply chain operator HAVI says it will obtain a reduction of carbon emissions by 7,000 tonnes over its 10-year lease in Chitila Logistics Hub, where it has been present for six months. 
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News IMPACT Developer & Contractor records Q1 profit growth of 49%
17
May
2022

IMPACT Developer & Contractor records Q1 profit growth of 49%

by Property Forum
Romanian IMPACT Developer & Contractor has recorded a gross profit of 16.7 million lei (€3.3 million) in the first quarter of 2022, up 49% compared to the same period of last year over higher residential sales. 
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Latest news


New leases

  • Revetas Capital announced that Bonarka for Business “B4B” has secured a lease extension contract with a company of Hitachi Group - GlobalLogic. The company, a leader in digital product engineering, has been a tenant in B4B since 2016 and leases in total of 6,500 sqm of office space in Building F.
  • GTC has extended its lease for 1,700 square meters of office space with pharmaceutical company Egis Polska. The company will continue its operations in the Corius building at the Aeropark Business Centre in Warsaw.
  • IMSAT, a company that offers integrated engineering, electrical, automation, and industrial technology solutions, has expanded its office space, within Bucharest-based The Bridge office building, to 3,800 sqm. The deal was brokered by Cushman & Wakefield Echinox.

New appointments

  • GTC has announced the appointment of Sebastian Junghänel to the Management Board as Chief Operating Officer, effective 2 September 2025. With more than 18 years of experience in the real estate sector across Germany and CEE, Sebastian brings strong expertise in asset management, project development, ESG and innovation. His career includes co-founding ZEITGEIST Asset Management, where he built a €1 billion portfolio, and senior management roles at HOCHTIEF Group. At GTC, Sebastian will focus especially on the oversight of our portfolio in Germany, which includes, includes 5,200 residential units in Kaiserslautern, Helmstedt, Heidenheim, and surrounding areas. His know-how will also support our development projects in Central and Southeastern Europe.
  • Justyna Filipczak has taken up the position of Executive Vice President of the CEE residential segment and joined YIT's management team.
  • Avison Young's Valuation and Advisory team in Poland has welcomed a new member, Michał Marynowski, who takes the role of Assistant Valuer. Among other experiences, he worked at the Court of Appeal in Warsaw, where he was responsible for verifying execution documentation for selected investments, updating data in the premises database for court buildings, and analysing tender bids. Proficient in GIS, AutoCAD, and Revit, he also has strong skills in interpreting planning documents.

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