ARTICLES LABELLED WITH TAG Romania

Romanian Impact Developer & Contractor has secured a €5 million loan from OTP Bank for the refinancing of investments. 

More than 81% of Romanian employees surveyed by Genesis Property think they will be working in a hybrid or office-only system in 2022, while only 11% think their employer will still opt for the team to continue to work remotely starting January. 

Property developer Speedwell has signed a Promissory Sales Purchase Agreement for a 9-hectare land plot with the purpose of building a new project in Bucharest’s District 1. 

Logicor, the owner of manager of logistics projects, has completed the development of a new warehouse in Mogoșoaia, Bucharest. The project with a leasable area of 38,000 sqm is part of the Logicor Bucharest I logistics park.

Bucharest's Mayor Nicușor Dan said that the city needs a “correct urban development”, while the permitting process for property investments will be updated to include tougher criteria that have to be met by developers.

Skanska aims to cut its emissions by 70% as early as 2030, while more investors are looking for ESG-compliant projects in CEE, Skanska’s Adam Targowski, Environmental Director, Center of Excellence and Aurelia Luca, Executive Vice President Operations Hungary and Romania tell Property Forum in an interview.

US-based Mega Company has successfully secured a €20.6 million loan facility for Mega Distribution Center, a 45,000 sqm logistic park located in Bucharest. 

Primavera Development and Griffes have announced the launch of the construction of the Muse office building, to be located close to Miorita Fountain, in one of the most reputed office areas in Bucharest. The area offers unrivalled road connectivity and accessibility on DN1, towards both the heart of the city and the airport outskirts but also the high prestige of a historical neighbourhood. The total investment will exceed €16 million and is scheduled to be delivered in 2023.

CTP, the largest developer and owner of industrial projects in Romania, will expand its CTPark Bucharest North project by 95,000 sqm.  

Property developer Speedwell has signed a new financing agreement with Banca Transilvania and received an €8 million loan for Phase 2 that is currently under construction and the future Phase 3 of the Triama Residence project in Bucharest.