ARTICLES LABELLED WITH TAG Romania

Romanian developer One United Properties aims to raise up to €100 million in equity from investors through a share capital increase. The move will be up for vote during the next shareholder’s meeting of the company slated for April 26. 

Belgian developer Alinso Group has purchased the Metav Business Park in northern Bucharest from Metav S.A. for an undisclosed sum.

Romanian developer One United Properties is reportedly exploring several options to expand outside the domestic market.

Romanian developer Forty Management has completely sold all the apartments and leased all spaces in the Central District 4 Elements project that was completed last year following an investment of €25 million.

Ozan Tuncer has been appointed as the new CEO of Cosmopolis, Opus Land Development's residential compound located near Bucharest. He is replacing Ahmet Buyukhanl, who remains the main shareholder of the company. 

Hagag Development Europe has acquired a new office building located near Bucharest's central area with a built surface of 6,000 sqm. 

Property developer Globalworth is providing 12,000 sqm of its portfolio in Romania and Poland for Ukraine war humanitarian relief efforts. The spaces will be used to accommodate refugees and provide them with related logistical support as well as depositing and sorting the donations. 

Hungarian Indotek Group has purchased Băneasa Business Center, located in the northern business center of Bucharest, with nearly 10,000 sqm of leasable space for an undisclosed sum. 

Property investments in Romania totaled €919.4 million during 2021, with Austrian investment dominating the rank among foreign players closing deals on the local market. Last year, Austrian investors bought office and retail spaces with a combined value of €323 million. Czech and Hungarian property players had shares of €173 million and €150 million, respectively, according to a report by real estate consultancy Fortim, a member of BNP Paribas Real Estate Alliance. 

Property developer Anchor Grup has secured a financing volume of €80 million from Banca Transilvania that will be used to refinance the retail and office segments of the company.