ARTICLES LABELLED WITH TAG Romania

Local residential developer Impact Developer & Contractor recorded a net individual profit of around €17 million in 2024, double compared to the previous year. At the group level, the consolidated net profit was €12 million, also double compared to 2023.

One United Properties and Tomcat Hospitality have teamed to launch Marketta Food Hall, which is set to become the biggest food hall in Eastern Europe. 

Property investor and asset manager Solida Capital has purchased the office project Victoria Center in Bucharest from Manova Partners, marking its first transaction in Romania and strategic expansion into CEE. The deal value was not made public.

Industrial developer Global Vision has announced the appointment of Antoanela Comșa as Deputy CEO. 

Western European investors have been the most active buyers of real estate assets in Romania over the past five years, making placements of €1.75 billion, according to data from Cushman & Wakefield Echinox.

Romania's housing market faced a significant imbalance in 2024, with new home deliveries falling 15% nationwide and over 20% in Bucharest, while demand rose by 7%, finds a Colliers report.

The real estate and construction sector was the most active in terms of the number of M&A transactions in Romania during 2024, accounting for 28% of the total market, which reached an estimated value of between €5.7 and €6.1 billion.

Scallier opens in March a new retail park in Arad, taking its national network to seven projects under the Funshop Park brand.

Industrial developer CTP has announced the expansion of its collaboration with freight transport manager Delamode in CTPark Bucharest industrial park.

Investment in the hotel sector is experiencing a significant upswing, with Romania witnessing a 56% increase in 2024 versus 2023, reaching €69.3 million. This trend aligns with a broader European surge, where hotel investments reached €20.5 billion, marking a 70% rise and establishing hotels as the leading asset class.