Genesis Property is investing €50 million in YUNITY Park, a mixed-use project in Bucharest with co-working and co-living components. Darren Allen, Development Director of Genesis Property spoke to Property Forum about the office market amidst the adoption of hybrid working and investing in campuses with complex facilities for a new work and play experience.

Liberty Technology Park is one of the first technological parks in Romania, currently hosting a vibrant IT ecosystem. The 17,000 sqm office compound has been acquired by White Star Real Estate and its partners in 2019, planning to create a true mixed-use project, harmoniously blending the existing business community with new complementary areas. The first phase will include two residential buildings, currently under construction, followed by a separate building designed for a kindergarten and three office buildings, with generous retail spaces on the ground floor. Real estate consultancy company Griffes will oversee the commercial and leasing strategy of the project. 

DBH Group, a Dutch-based international corporation, focusing on venture capital, flexible infrastructure & corporate services, has leased office spaces in two buildings owned by Skanska in Romania and Hungary. 

Industrial developer MLP Group has appointed Olga Melihov as the new Country Head in Romania, tasked with for developing new warehouse and logistics projects. 

Up to 20 new hotels are slated for delivery across the country by the end of 2023, of which six projects will be completed in Bucharest, according to a report by real estate consultancy Crosspoint Real Estate.

Horațiu Florescu, Chairman & CEO of Knight Frank Romania, Hungary, Bulgaria, Greece & Serbia spoke to Property Forum about the emphasis on the hybrid concept in the local real estate market and Romania's ability to attract more institutional real estate investors.

Transactions of apartments and houses began to decline starting from the spring of this year, as a result of high energy costs, rising construction materials and fuel prices, in addition to the rising costs associated with mortgages, according to real estate consultancy Colliers. 

Simona Șchiopotă, Managing Partner at Hitch&Mosher spoke to Property Forum about the potential of Timișoara and the western part of Romania to attract new real estate investors and the expansion of the agency’s portfolio with propert management services and commercial projects.

Property developer Prime Kapital says it will invest close to €2 billion across Romania in retail, office and residential projects alongside MAS Real Estate by 2029. 

AFI Europe has officially started the development of its first Romanian retail park in Arad. The project will have a leasable area of 29,400 sqm and has already reached an occupancy rate of 70%.