Monia Dobrescu, Partner, Mușat & Asociații spoke to Property Forum about the financing environment for the real estate sector in the context of the crisis in Ukraine and the law firm’s development plans for this year. The uniform application of the regulatory acts in the field is an issue that has an impact on players in the real estate market, and progress is being made in this area, Monia adds.

Romanian developer Iulius has opened its first convenience retail project in Miroslava locality, near Iași, following an investment of around €12 million.  

Romanian furniture retailer Mobexpert and industrial developer Global Vision have teamed up for a digital project that provides office design solutions for small and medium-sized companies.

The first Marriott Hotel in Brașov will open in the mixed-use scheme Urban Plaza that will include apartments, offices and commercial areas.

Vlad Drăgoescu, President of the Board of Directors – Nemo (Radisson Blu / Park Inn Complex) and Head of Portfolio Management at Revetas spoke with Property Forum about the growth engines for the Romanian hotel market and the €24 million overhaul of Radisson Blu that will make it one of the biggest 5-star hotels in CEE.

Romanian property developer ICD Grup and a local investor have purchased a historic villa in central Bucharest from the George Soros Foundation for an undisclosed sum.

The annualized rate of new demand for offices in Bucharest is comparable to the value recorded in 2019, even though it is about a third below the record volume of 2017, according to research by real estate consultancy Colliers.

Tanya Kosseva-Boshova, Managing Partner, Lion’s Head Romania and Bulgaria, spoke to Property Forum about the leasing environment for offices and new investments made by the developer in the co-working space.

A new five-star Radisson Blu Hotel has opened in Cluj-Napoca, Romania’s second largest city that is one of the most popular leisure and business destinations in the country.

Romanian developer One United Properties plans to invest at least €70 million in the next two years in the urban regeneration of abandoned historical landmarks in Bucharest.