During the pandemic, banks continued to finance ongoing commercial real estate projects but they are more careful with financing new ones, looking for higher corporate credentials and imposing more restrictive conditions to fulfil. Monia Dobrescu, Partner at Romanian law firm Mușat & Asociații talked to Property Forum about the pandemic’s effects on client relationships and provided market insight from the legal advisor’s perspective.

Standards that certify a building's resilience to a pandemic are not only useful, but also necessary in the current context, according to 96% of employees surveyed by Romanian developer Genesis Property. 

Real estate developer Speedwell has completed the first building of Triama Residence project in Bucharest, comprising 66 apartments that were fully sold before the delivery date.

A banking consortium granted a €120 million sustainability-related loan to a company in the NEPI Rockcastle, NE Property BV Group. 

Apex Alliance Hotel Management has opened The Marmorosch Bucharest, Autograph Collection in Bucharest Old Town, following an investment of €42 million.

The office leasing market in Bucharest is gradually recovering and there were deals worth 70,000 sqm that were closed in the second quarter, according to an analysis by real estate consultancy Griffes. 

Romanian developer One United Properties says it contracted market making services to boost the liquidity of its shares on the Bucharest Stock Exchange (BVB).

The new ibis Bucharest Politehnica will be managed by Accor in Romania. The project was developed by local real estate company Novum Business Services. 

Real estate developer Ceetrus has opened Hotel Qosmo within its mixed-use projects Cartier Coresi in Brașov. 

CA Immo says it has obtained the COVID-19 Compliant certification for its entire Romanian portfolio that comprises seven office buildings with a total leasable area of over 165,000 sqm.