ARTICLES LABELLED WITH TAG Romania

Property developer GTC has received LEED Gold certification for the Cascade Office Building located in central Bucharest. 

Romanian developer Euro Vial has purchased at the end of last year a plot of land of 2,500 square meters located in Mamaia North, in a deal worth €1.5 million. 

Realpad, a European provider of CRM and after-sales management software for residential developers, has significantly increased its customer base in Romania in 2021. After entering the market earlier in 2021, the Romanian team of Realpad has managed to close 20 clients including well-established market players such as Hagag Development Europe, Bog’Art, Synergy, Liebrecht & wooD or leading residential agency SVN Romania.

Romanian Impact Developer & Contractor aims to raise up to €50 million through a private placement at a price of RON 0.70 per share. 

CTP, the biggest owner and developer of industrial projects in Romania, has taken over warehouses in Târgu Mureș from domestic furniture retailer Mobexpert. 

Property developer Atenor delivered its office project Dacia One in central Bucharest at the end of December 2021, roughly five months after selling the building to Pavăl Holding, the owner of Romanian DIY retailer Dedeman. 

Kesz Group, one of Hungary's largest construction companies, has purchased a land plot of 16,000 sqm in northern Bucharest for an undisclosed sum where it plans to develop a residential complex. 

Belgian retail group Louis Delhaize has announced the signing of a sale & lease back transaction with Austrian real estate group Supernova for its real estate portfolio in Romania. 

A survey carried out by professional services firm EY Romania among 40 owners of office buildings shows that 75% of them kept their current rent prices despite negotiations with tenants, while the rest lowered prices. 

Radisson Hotel Group is planning to grow its portfolio of brands operating in Romania and will roll out new formats on the local market.