Bogdan Doicescu, Director Of Development at Bog’Art spoke with Property Forum about the current state of the construction market and shared the company’s plans for the upcoming years. Consistent with the company's strategy to diversify its portfolio, Bog’Art has recently targeted public works with greater interest, both civil works as well as infrastructure.

Retail group NEPI Rockcastle secured a green loan worth €73.5 million from International Finance Corporation (IFC), a member of World Bank, in a bid to expand its sustainable business infrastructure in Romania. 

Romanian proptech startup Bright Spaces has raised €1.5 million to continue the development of its digital leasing solution for commercial real estate. 

Polish developer Scallier has purchased a retail project in Timișoara from Oasis Group for an undisclosed sum. 

Didier Balcaen, CEO of Speedwell talked to Property Forum about the company’s development plans for 2021, the value of mixed-use projects and shared his long-term expectations for the Romanian property market.

Property developer Speedwell says it has fully repaid a €10.1 million loan granted by BRD Societe Generale Group for the residential component of the Record Park mixed-use project in Cluj-Napoca. 

Transactions in Romania’s commercial real estate market amounted to €298 million in the first half of the year, down 23% compared to the same period of 2020, according to a report by real estate consultancy Cushman & Wakefield Echinox. 

Romanians are among the European employees that would favour a hybrid work arrangement that combines office-based and remote activities, according to a survey by Colliers. 

Romanian Impact Developer & Contractor says it purchased a new land plot of 25,930 sqm in Iași, in the location where it will kick off a massive residential project with more than 1,000 apartments. 

Romania has one of the smallest private rental sectors (PRS) in Central and Eastern Europe (CEE), and the domestic market counts a little over 1,000 residential units in construction or planned, according to a report by Colliers in collaboration with Greenberg Traurig and Kinstellar.