Polish company Scallier is developing a new chain of retail parks in Romania under the Funshop Park brand with the first three expected to open this year. Wojciech Jurga, Managing Partner at Scallier provided an update on the company’s development plans and talked about the differences between the Polish and Romanian markets.

CTP invests over €35 million in the construction of the new warehouse for Quehenberger Logistics in CTPark Bucharest West, the company announced.

Almost 11,500 new homes will be completed this year in Bucharest, an increase of 14% from 2020, JLL data show.

Skanska invests €45 million in the second phase of the Equilibrium project in Bucharest, the company announced.

Impact Developer & Contractor signed two mortgage loan agreements for properties, respectively for VAT financing, concluded with First Bank S.A, the company announced on the Bucharest Stock Exchange.

The office space market in Bucharest registered a total volume of transactions of approximately 240,000 sqm in 2020, a level similar to that of 2015, CBRE data shows.

NEPI Rockcastle enters the residential market and builds apartments near Vulcan Value Center in Bucharest, Profit.ro informs.

The longer-term trend of price increases on the residential market continues to be the most likely scenario as demand continues to outpace supply in many of the larger cities of Romania, according to a report by the Eastern European Construction Forecasting Association.

2020 was a year characterized by increased activity in regional cities in terms of commercial centre deliveries, but the delivery volume of new spaces will reduce strongly this year, according to the real estate consulting company Cushman & Wakefield Echinox.

Avison Young experts estimate that Bucharest will continue to attract over 40% of industrial developments in the coming years, and then regional cities will recover.