Romanian property holding Meta Estate Trust says it has invested €500,000 in the first phase of residential project The Lake Home from Sibiu. 

CTP, the industrial and logistics developer, has acquired seven buildings covering 153,000 sqm from Olympian Parks Group for an undisclosed sum. The assets are located in Brașov, Timișoara, and the south of Bucharest, which are some of the cities with the biggest stock of warehouses.   

Property Forum is excited to announce the shortlist of nominees for its first-ever SEE Property Forum 2021 Award Ceremony which celebrates the best projects, most impactful transactions and most inspiring personalities of the Romanian market. The winners will be selected by a jury committee comprising leading real estate professionals and the recipients will be announced as part of an Awards Gala and Exclusive Networking Party on 20 October, part of our annual SEE Property Forum conference.

Commercial real estate investments in Romania amounted to €570 million in the first nine months, down 29% compared to the same period of 2020, according to JLL Romania. The Bucharest market attracted 70% of the total investment volume, mainly in the office segment. 

Romanian developer Genesis Property says that its IMMUNE Building Standard is also covering the residential sector, on top of the office and industrial segments. 

Real estate consultancy Colliers says it has finished the transformation of its Bucharest-based HQ and is implementing the WELL Health-Safety standard in a bid to keep its employees safe and prepare for the post-pandemic future of work. 

Property developer Campeador says it has secured a loan worth €4.5 million from CEC Bank to continue the construction of its residential project in Timișoara. 

Meta Estate Trust, the Romanian property investment holding, has appointed Raluca Drăgan as Chief Financial Officer (CFO). She has more than 17 years’ worth of experience in the financial sector, and she has previously held the CFO position at One United Properties. 

Romanian Millstone Developments says it secured the construction permit for a new premium residential project with 24 apartments in central Bucharest. 

Real estate consultancy Cushman & Wakefield Echinox has been appointed manager of Funshop Park projects developed by Polish company Scallier in Roșiorii de Vede and Focșani.