ARTICLES LABELLED WITH TAG Romania

The Management Board and Supervisory Board of CA Immo have decided to start evaluating all strategic options for the core market of Romania, including a potential sale of the entire portfolio. The company published its interim results for Q1-Q3 2021.

New office spaces with a combined surface of 153,900 sqm have been delivered in the first nine months in Bucharest, of which 107,900 sqm in Q3 alone, according to real estate consultancy JLL Romania. Total deliveries were up 24% year-on-year. 

Romanian developer Forty Management plans to start new residential projects covering 138,000 sqm with a market value of more than €310 million. The investments are in various permitting stages. 

Romanian developer Iulius says that retail operator Auchan will have anchor supermarkets in the Family Markets projects developed near Iași.

The pandemic has already shaped shopping habits and will continue to do so, mainly because of the strong impact it has had and is having at a psychological level, shifting personal priorities. Sebastian Mahu, Head of Asset Management, IULIUS Company talked to Property Forum about the trends driving Romania’s retail market and shared the developer’s plans for the future.

Real estate consultancy Cushman & Wakefield Echinox has appointed Cristina Lupașcu as PR & Research Director. She has close to 20 years’ worth of experience in the media and real estate sectors. 

The number of residential units sold in Romania in the first 10 months of 2021 increased by 65% to more than 150,000 individual units compared to the same period form 2021, according to official data from the National Agency of Cadastre and Real Estate Advertising. 

MLP Group has released its strategic goals to be met within the next three years to 2024. In line with the strategic plan, the period will see the company’s equity, or net asset value (NAV), double from €387 million in 2021 to €823 million at year end 2024. Significant growth in NAV is expected in 2022, driven mainly by the development of new projects in Germany and Austria, already fully secured.

Romanian Nordis Group has kicked off the development of the second phase of Mamaia 5***** project with hotel and residential components.  

Romanian developer One United Properties says it will take over a majority stake in Bucur Obor, a shopping centre based in Bucharest.