With an investment budget of €100 million for this year, Hagag Development Europe remains open to new opportunities. Yitzhak Hagag, Chairman and Board Controller at Hagag Group spoke to Property Forum about current projects and future plans for the Romanian market.

eMAG announces that in the summer of this year, an area of ​​100,000 sqm will be put into use from the industrial park from Joiţa, at km 19 of the A1 highway, which will have a total area of ​​130,000 sqm. All automation will be ready by September 2022, when the entire logistics center will be operational. The investment amounts to €90 million and was announced last year.

Bucharest-listed Impact Developer & Contractor closed the year 2020 with revenues from the sale of real estate properties worth €42.7 million, up 29,4% compared to 2019, representing the best result of the developer in the last decade. In a pandemic year, the company sold a total of 369 units (31,191 sqm built area), out of which 205 were contracted in Greenfield Residence Băneasa and 164 in Luxuria Residence compound.  

The local market for logistics and industrial spaces accelerated expansion in 2020 both in terms of demand, which approached the threshold of 1 million sqm, and in terms of deliveries of new spaces, which reached an area of ​​649,000 sqm, both indicators reaching new records, according to real estate consulting company Cushman & Wakefield Echinox.

CBRE Romania announced it recruited Mihai Patrulescu from Colliers International to lead the Investment Properties department.

One United Properties and Bright Spaces announced today the launch of an interactive presentation and digital closure platform for One Tower built in the Floreasca area of ​​Bucharest.

Romanian developer Prima Development Group announces the expansion on the residential market in Bucharest with three new projects, after this year it will deliver 640 apartments in the capital city and Oradea. The new projects will bring an additional 2,500 new homes to the market.

Bucharest – the skyline transformation by 2025, an exclusive investment/destination marketing oriented real estate digital tour, for optimism and perspective after a traumatic year (2020), is out now, published by Romania's Real Estate Yearbook 2020.

For many market players, 2020 was a year in which investment plans were changed to keep more liquidity in the company. Mihai Zaharia, Head of Investments Romania and Group Capital Markets Director at Globalworth, tells us about the effects of the COVID-19 pandemic on the investment market but also about the future of the Romanian and Polish markets.

Hagag Development Europe has an investment budget in Romania of €100 million for this year, according to Ziarul Financiar.