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.
The most popular cryptocurrency in the world is one of the eligible payment options for a luxurious penthouse in Bucharest, in the latest venture of real estate consultancies in the digital field.
Three land plots with a surface of around 250,000 sqm, located on the grounds of the former Chimopar industrial platform in western Bucharest, will be tendered in mid-July.
GTC has extended its lease for 1,700 square meters of office space with pharmaceutical company Egis Polska. The company will continue its operations in the Corius building at the Aeropark Business Centre in Warsaw.
IMSAT, a company that offers integrated engineering, electrical, automation, and industrial technology solutions, has expanded its office space, within Bucharest-based The Bridge office building, to 3,800 sqm. The deal was brokered by Cushman & Wakefield Echinox.
AutoWallis Group, the automotive retail and mobility service provider, has leased 5,600 sqm for its new HQ in the mixed-use Liberty complex, developed by Wing in Budapest.
New appointments
Justyna Filipczak has taken up the position of Executive Vice President of the CEE residential segment and joined YIT's management team.
Avison Young's Valuation and Advisory team in Poland has welcomed a new member, Michał Marynowski, who takes the role of Assistant Valuer. Among other experiences, he worked at the Court of Appeal in Warsaw, where he was responsible for verifying execution documentation for selected investments, updating data in the premises database for court buildings, and analysing tender bids. Proficient in GIS, AutoCAD, and Revit, he also has strong skills in interpreting planning documents.
Golden Star Group, an international investment firm operating in the real estate sector, has announced the promotion of two key specialists within its Polish team. Paweł Moczybroda has been appointed Group Chief Financial Officer, while Ewa Dragunajtys has been promoted to Head of Asset Management.
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Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
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