ARTICLES LABELLED WITH TAG Romania

Romania recorded new real estate investments worth €85 million in the first quarter of 2021, down 42% year-on-year, in line with the lower results of other markets in Central and Eastern Europe, according to a report by Colliers. 

Romania’s Vox Property Group says it secured €19.5 million in funding from CEC Bank that will be used to refinance other loans and to support ongoing projects in the country. 

Agricultural products maker Corteva has pre-leased around 23,000 sqm of industrial space in a built-to-suit warehouse located in northeastern Bucharest. 

Romania's Impact Contractor & Developer says it recorded sales of RON 39.3 million (€7.9 million) in the first quarter of 2021, up 71% year-on-year, due to higher demand in the residential market. 

Real estate consultancy Colliers is testing the first intelligent software robot dedicated to the real estate industry in Romania. The company is using the Robotic Process Automation (RPA) technology developed by UiPath.

The European Bank for Reconstruction and Development has successfully subscribed to a €24.7 million ticket as part of an inaugural five-year €300 million green bond issuance by MAS Securities BV. The firm is wholly owned by MAS Real Estate Inc., an investor and operator of predominantly retail real estate assets that focuses on CEE.

Impact Developer & Contractor will start the development of its first residential projects in Iași, eastern Romania, in the second half of this year. 

Radisson Hotel Group has announced a €24 million investment program in Radisson Blu Bucharest Hotel, owned by Revetas Capital and Cerberus Capital Management, that will include the redesign of common spaces and the increase of the room count. 

Retailer Penny, part of Rewe Group, has announced a long-term investment program in Romania that includes the expansion of the store network and the development of logistics operations. 

Romanian Impact Developer & Contractor said it has secured two bank loans worth more than €13 million from Libra Bank to start new investments in the Greenfield residential project, located in northern Bucharest.