ARTICLES LABELLED WITH TAG Romania

Buyers of homes in Romania with a price of maximum €140,000 will pay a VAT of 5%, extending a facility that was applicable up to now only for residential units with costs up to €90,000, according to a government decision. 

Retailer Penny, part of German Rewe Group, has opened its fourth warehouse in Romania following an investment of €26 million. 

CTP Romania, the largest developer and owner of warehouses in the country, has more than 270,000 sqm currently under construction in Bucharest and regional cities, accounting for around 26% of all development underway at the group level. 

Property group Globalworth has obtained the WELL Health-Safety Rating for the entire portfolio of almost 500,000 sqm consisting of 15 office buildings in Romania. 

Romanian Impact Developer & Contractor has secured a €5 million loan from OTP Bank for the refinancing of investments. 

More than 81% of Romanian employees surveyed by Genesis Property think they will be working in a hybrid or office-only system in 2022, while only 11% think their employer will still opt for the team to continue to work remotely starting January. 

Property developer Speedwell has signed a Promissory Sales Purchase Agreement for a 9-hectare land plot with the purpose of building a new project in Bucharest’s District 1. 

Logicor, the owner of manager of logistics projects, has completed the development of a new warehouse in Mogoșoaia, Bucharest. The project with a leasable area of 38,000 sqm is part of the Logicor Bucharest I logistics park.

Bucharest's Mayor Nicușor Dan said that the city needs a “correct urban development”, while the permitting process for property investments will be updated to include tougher criteria that have to be met by developers.

Skanska aims to cut its emissions by 70% as early as 2030, while more investors are looking for ESG-compliant projects in CEE, Skanska’s Adam Targowski, Environmental Director, Center of Excellence and Aurelia Luca, Executive Vice President Operations Hungary and Romania tell Property Forum in an interview.