Zeus International Group has bought three hotels in Bucharest in a cross-border share deal from Alpha Real Estate Services (ARES), a member of Alpha Bank Group.

At the end of 2020, there was more than 39 million sqm of modern logistic industrial space in the region. More than one half (53%) of this stock is in Poland, while the Czech Republic with more than 9 million sqm accounts for about 23% of the Central European market. Cushman & Wakefield analysed the trends in the industrial property sector in five Central European countries (Czech Republic, Hungary, Poland, Romania and Slovakia).

COVID-19 is going away very slowly, which is putting pressure on the digitization of residential sales. Solutions that enable digital signatures, online viewings and even online selling are becoming necessary tools for residential developers, says Jakub Licak, Business Development Manager at CEE-based proptech Realpad, who’s responsible for the company's international expansion in Romania and Bulgaria. He talked to Property Forum about his experiences on the Romanian market and discussed Realpad’s expansion strategy.

Romanian developer One United Properties announced it received the construction permit for One Verdi Park, a new residential project in Bucharest.

Portland Trust has announced a WELL Health-Safety certification for the Expo Business Park office project în Bucharest

FUTURE Designs, the UK-based designer and manufacturer of high-quality luminaires and bespoke lighting solutions, obtain the first IMMUNE Building Standard™ certification in the world for an industrial building, awarded by the Healthy by Design Building Institute (HDBI).

Immofinanz has acquired the former HQ of BCR in Bucharest for €36 million, both companies announced. The property will be modernized and transformed into a green myhive building, with at least a Gold certification.

Adventum is analyzing the acquisition of the Hermes Business Campus office project in Bucharest, owned by Atenor, in a transaction of over €150 million, according to Ziarul Financiar.

Iulius started the construction works for its first retail park near Iași. Another one is to kick-off soon, and the total investment in the first two projects is €16 million.

Dagesh Group, which owns the Platinum Center office building and developed other boutique residential projects, is investing  €6.5 million in a new residential project in Bucharest.