Opus Land continues to invest in Cosmopolis, a residential project near Bucharest, where construction work was started in 2007. €22 million will be allocated for the construction of 500 new homes and €7 million are for increasing the commercial area of the strip mall, SVN Romania, the exclusive agent of the project, announced.

Macromex, the leader in the temperature-controlled products segment, is building its second warehouse in Chitila, near Bucharest. The investment amounts to €15 million and will be financed from own sources, but also from a loan from Alpha Bank Romania, the company announced. 

The Negoiță family, which also includes the mayor of sector 3 of Bucharest, bought a land of over 10 hectares of the former Tubinox pipe factory from the Indian steel group Viraj, Profit.ro informs.

Real estate developer One United Properties has taken over 20% of Glass Rom Impex shares from the owner of the company, Adrian Zamfir, Profit.ro informs.

Iulius Group will start the construction of two Family Market centres, a new retail concept launched in summer 2020, Ziarul Financiar informs.

The Romanian office market registered a 36% decrease in 2020 from the record level of 470,000 sqm recorded in 2019 to 300,000 sqm, JLL data shows.

Globalworth, the leading office investor in Central and Eastern Europe (CEE), announces the appointment of Marian Popa as Managing Director for Romania with effect from 1st March 2021. As Managing Director, Marian Popa will be responsible for managing the company’s activities in Romania, focusing on operational, administration and business development matters, and will report to Dimitris Raptis, CEO of Globalworth Group.

Over 650,000 sqm of logistics and industrial space were rented last year in Romania, almost 40% more than in 2019, a Dunwell analysis shows.

The COVID-19 pandemic did not affect real estate transactions in Romania. During 2020, a total of 602,805 properties were traded, 62,625 more than in 2019, according to the Romanian National Agency for Cadastre and Land Registration (ANCPI). 

Liviu Tudor, the Romanian investor who owns the most office space in Bucharest through Genesis Property, bought a former factory for which he paid €3 million, Ziarul Financiar reports citing market sources.