ARTICLES LABELLED WITH TAG Romania

NRF, a supplier of automotive replacement parts and industrial cooling solutions, has leased 20,100 sqm in MLP Bucharest West logistics center, in a deal brokered by Newmark Polska. 

Commercial real estate investments in Romania reached €750 million in 2024, marking a 58% increase compared to the previous year, though slightly below the €800 million annual average recorded over the past decade, according to a Colliers report. 

Romanian developer Iulius has comissioned UK-based Foster + Partners architecture studio to work on two projects in Romania.

M Core Group has purchased seven strip malls in Romania from property investor MAS for an undisclosed sum. The projects with a combined leasable area of around 32,000 sqm have a full occupancy rate. The strip malls are based in Slobozia, Focșani, Râmnicu Sărat, Târgu Secuiesc, Sebeș, Făgăraș and Gheorgheni.

Romanian office developer Genesis Property has named Ionel Purice as CEO. He has previously held the position of CEO of Genesis Development, part of the same group. 

New retail projects with a combined leasable area of around 180,000 sqm were completed in Romania during 2024, down by around 15% versus 2023, with retail parks accounting for the biggest share of deliveries, according to Cushman & Wakefield Echinox. 

DIY retailer Leroy Merlin has leased around 11,000 sqm for a new store that will open in Iași-based Mall Moldova during H1 2025. 

APS Group, an alternative asset management investor, has fully purchased IMO Property Investments Bucharest, part of Eurobank Group, for an undisclosed amount. 

Repaco Capital and Weststar Real Estate have delivered the Crevedia Retail Park, near Bucharest, following an investment of €15 million that was partly financed by BT.

M Core, the biggest owner of retail parks in Romania, has purchased Shopping City Suceava from Argo Capital, for an undisclosed sum.