Romanian Nordis Group has kicked off the development of the second phase of Mamaia 5***** project with hotel and residential components.  

Romanian developer One United Properties says it will take over a majority stake in Bucur Obor, a shopping centre based in Bucharest. 

Romanian law firm Stratulat Albulescu has closed a significant number of land deals and transactions involving various heritage properties this year. Silviu Stratulat, Managing Partner of Stratulat Albulescu talked to Property Forum about the attractive fiscal environment for property investments and the market segments that record the biggest development volumes at present.

Real estate group Immofinanz says it has reopened over 10,000 sqm of leasable space in VIVO! Baia Mare and added new retailers as part of an investment of €7 million in overhauling the shopping centre.

Working from anywhere and social distancing recommendations have led to a population migration trend towards quieter areas in the suburbs or in localities around big Romanian cities on the back of the ongoing health crisis, according to a report of real estate consultancy Colliers. 

Revetas Group says it has shifted its entire portfolio of assets in Romania to renewable energy, as a continuation of the company’ commitment to ESG practices. 

Smart controller provider Topband Europe has leased 11,000 sqm of industrial spaces in the Olympian Park based in Timișoara, in a deal that marks the entry of the Chinese company on the Romanian market.

Genesis Property, the biggest Romanian owner of offices, has become the first real estate developer in the country that joined the United Nations (UN) global community for sustainability and durable development.

Property developer Mitiska REIM has opened a new retail park in Baia Mare and inaugurated an extension of another retail project in Mediaș. The development activity was carried out in partnership with Square 7 Properties. 

Property developer Hagag Development Europe has purchased Susai Hotel in Romanian mountain resort Predeal, in a move that marks the first transaction outside Bucharest.