ARTICLES LABELLED WITH TAG Romania

CPI Property Group and Aroundtown notified Globalworth of a series of transactions in respect of their existing holdings which have resulted in Zakiono, an entity indirectly owned by the consortium holding a total of 51.50% of the shares in the company. Zakiono now itself holds sufficient voting rights to exert statutory control over the company, including in due course the ability to appoint and remove directors from the board.

A&D Pharma, a subsidiary of Dr.Max Group, has leased a warehouse of 9,000 sqm in CTPark Sibiu, in a bid to streamline its distribution supply chain for pharmacies located in the central and western Romania as well as for online orders. 

Real estate market players in Romania could face new challenges if the current inflation pressures spill into the next years, said executives during an expert panel discussion that marked the launch of Property Forum’s first annual “The 50 Most Influential People on Romania’s Real Estate Market” publication.

Romanian real estate developer One United Properties has raised €52.8 million from its Initial Public Offering (IPO) on the Bucharest Stock Exchange (BVB) and reached a capitalization of €580 million. 

Romanian developer One United Properties has acquired a new land of 23,350 sqm in the second district of Bucharest, one week after closing a separate land deal in the city. 

Domestic investors own some of the largest office projects that are under development in Romania, although international players have the biggest portfolios in the market. 

Spanish-based developer Gran Via has appointed Antoanela Comșa as the new President of its Romanian operations. She is replacing Jose Aguinaga, who will remain the main shareholder of the company.

The residential sector has proven its resilience during the pandemic and housing accounts for 69% (over €20 billion) of the loans granted to Romanians, according to a report by the National Bank of Romania (BNR). 

Enel X Romania is implementing a photovoltaic (PV) system for retailer Kaufland Romania. The project is developed near the company’s logistics centre in Turda following an investment of €1 million. 

CTP, the regional developer and owner of industrial and logistics spaces, aims to complete in Romania new warehouses with a combined surface of 330,000 sqm by the end of 2021.