ARTICLES LABELLED WITH TAG romania

News - Romania extends reduced VAT for homes up to €140,000
17
Dec
2021

Romania extends reduced VAT for homes up to €140,000

by Property Forum
Buyers of homes in Romania with a price of maximum €140,000 will pay a VAT of 5%, extending a facility that was applicable up to now only for residential units with costs up to €90,000, according to a government decision. 
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News - Penny invests €26 million in Romanian warehouse
17
Dec
2021

Penny invests €26 million in Romanian warehouse

by Property Forum
Retailer Penny, part of German Rewe Group, has opened its fourth warehouse in Romania following an investment of €26 million. 
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News - CTP Romania has over 240,000 sqm of space under construction
17
Dec
2021

CTP Romania has over 240,000 sqm of space under construction

by Property Forum
CTP Romania, the largest developer and owner of warehouses in the country, has more than 270,000 sqm currently under construction in Bucharest and regional cities, accounting for around 26% of all development underway at the group level. 
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News - Globalworth gets health certification for Romanian office portfolio
16
Dec
2021

Globalworth gets health certification for Romanian office portfolio

by Property Forum
Property group Globalworth has obtained the WELL Health-Safety Rating for the entire portfolio of almost 500,000 sqm consisting of 15 office buildings in Romania. 
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News - Impact Developer & Contractor gets €5 million loan from OTP Bank
16
Dec
2021

Impact Developer & Contractor gets €5 million loan from OTP Bank

by Property Forum
Romanian Impact Developer & Contractor has secured a €5 million loan from OTP Bank for the refinancing of investments. 
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News - Romanian employees expect to work in hybrid or office-only system in 2022
16
Dec
2021

Romanian employees expect to work in hybrid or office-only system in 2022

by Property Forum
More than 81% of Romanian employees surveyed by Genesis Property think they will be working in a hybrid or office-only system in 2022, while only 11% think their employer will still opt for the team to continue to work remotely starting January. 
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News - Speedwell buys 9-hectare land plot in Bucharest
16
Dec
2021

Speedwell buys 9-hectare land plot in Bucharest

by Property Forum
Property developer Speedwell has signed a Promissory Sales Purchase Agreement for a 9-hectare land plot with the purpose of building a new project in Bucharest’s District 1. 
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News - Logicor delivers new 38,000 sqm warehouse in Bucharest
16
Dec
2021

Logicor delivers new 38,000 sqm warehouse in Bucharest

by Property Forum
Logicor, the owner of manager of logistics projects, has completed the development of a new warehouse in Mogoșoaia, Bucharest. The project with a leasable area of 38,000 sqm is part of the Logicor Bucharest I logistics park.
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News - Bucharest City Hall to ask developers to invest in infrastructure
16
Dec
2021

Bucharest City Hall to ask developers to invest in infrastructure

by Property Forum
Bucharest's Mayor Nicușor Dan said that the city needs a “correct urban development”, while the permitting process for property investments will be updated to include tougher criteria that have to be met by developers.
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News - Tenants and investors focus on ESG-compliant projects
16
Dec
2021

Tenants and investors focus on ESG-compliant projects

by Ovidiu Nicolae
Skanska aims to cut its emissions by 70% as early as 2030, while more investors are looking for ESG-compliant projects in CEE, Skanska’s Adam Targowski, Environmental Director, Center of Excellence and Aurelia Luca, Executive Vice President Operations Hungary and Romania tell Property Forum in an interview.
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Latest news


New leases

  • Echo Investment has signed a lease agreement with Auchan Polska for 1,200 sqm of retail space within Fuzja, a flagship multifunctional complex in Łódź. The retailer is scheduled to open the outlet during the summer of 2026.
  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.

New appointments

  • iO Partners has appointed Constantin Banu as Business Development Director for its Industrial and Land segments. With over 25 years of experience in the Romanian real estate sector, Banu is widely credited with helping shape the local logistics market. In his new role, he will oversee expansion strategies for the two segments.
  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.

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