The vacancy rate in Bucharest’s office market remained flat at 16.5% in the first quarter of 2022, similar to last year, although there is a growing gap between Class A projects and older buildings in areas with lower demand, according to real estate consultancy Colliers. 

Romanian developer Nordis Group has added Daniel Penciuc (left in picture) and Florin Poștoacă as shareholders, each with stakes of 5% in Nordis Management. Following the move, the group’s number of shareholders rose to six. 

Square 7 Properties, the country partner for Romania of Mitiska REIM, has purchased a land plot of 30,000 sqm in Mediaș for an undisclosed sum. 

Financial company SIF Banat Crișana has purchased a land plot in Bucharest that hosted an industrial platform for Interagro, a company that is currently under administration, according to Economica.net. 

Romanian developer Țiriac Imobiliare has officially opened its new office project in central Bucharest, located near Victoriei Square. 

Supply chain operator HAVI says it will obtain a reduction of carbon emissions by 7,000 tonnes over its 10-year lease in Chitila Logistics Hub, where it has been present for six months. 

Romanian IMPACT Developer & Contractor has recorded a gross profit of 16.7 million lei (€3.3 million) in the first quarter of 2022, up 49% compared to the same period of last year over higher residential sales. 

Remote working has changed people's perception of their workplace and increased their need for facilities and experiences tailored to their dynamic lifestyle. New trends and design concepts show that offices of the future will be reshaped into campuses that will encompass facilities for the working and urban living trends of the future in a unique space, Gavin Bonner, Vice President of Genesis Property, writes for Property Forum in an opinion piece.

Property developer Prime Kapital has received the building permit for Pleiades Residence in Ploiești and will start construction by the end of spring.  

Romanian developer One United Properties said its first quarter turnover gained 81% to €70.5 million compared to Q1 2021, while its gross profit rose almost fourfold to €42 million over higher residential sales and rental income.