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. 

Even under the challenging circumstances of the pandemic, Romania’s real estate market continued its dynamic growth. In celebration of this growth, Property Forum has decided to open a new chapter in its local operations and launch a unique annual publication listing the 50 most influential people on the local market which is now available for download.