Romanian Global Investment Group has started the development of a new residential project in Bucharest that will feature 240 apartments following an investment of €40 million.  

Romanian DIY chain Dedeman has purchased a land plot of 14.5 ha in Timișoara from Țiriac Imobiliare for an undisclosed sum. The buyer is exploring several investment scenarios for the new land that is located next to the future Ikea store.

Romanian One United Properties has purchased a building that used to house a production plant of Ford in Bucharest from Auchan Romania.

The centre-west area of Bucharest has become a main office hub, with a total stock of 614,600 sqm estimated for 2022. This year, the area near Politehnica University will surpass the existing stock from Floreasca-Barbu Văcărescu, which has been the main office hub in Bucharest during the past eight years, according to data from real estate consultancy Cushman & Wakefield Echinox.

Smart office startup Nooka Space aims to develop its Romanian network through partnerships with property developers and hospitality operators.

Property group NEPI Rockcastle has launched the “Donate for the Ukrainian people” campaign, conducted through SPOT, the mobile loyalty application of the company.  

Romanian developer One United Properties aims to raise up to €100 million in equity from investors through a share capital increase. The move will be up for vote during the next shareholder’s meeting of the company slated for April 26. 

Belgian developer Alinso Group has purchased the Metav Business Park in northern Bucharest from Metav S.A. for an undisclosed sum.

Romanian developer One United Properties is reportedly exploring several options to expand outside the domestic market.

Romanian developer Forty Management has completely sold all the apartments and leased all spaces in the Central District 4 Elements project that was completed last year following an investment of €25 million.