ARTICLES LABELLED WITH TAG Romania

Industrial developer WDP has become the owner of a warehouse in Mioveni, near Pitești, following a sale-and-lease-back deal with SFC Solutions Automotive Romania, a producer of rubber profiles for the automotive sector.  

Adi Steiner, Managing Partner of STC Partners spoke to Property Forum about the developer’s new residential project in Bucharest and new investment opportunities being explored nationwide, as well as the increasingly sophisticated requirements of home buyers, with a focus on sustainability.

Four new retail projects with a combined leasable area of 30,000 sqm have been delivered in four smaller Romanian cities in the first half of 2023. Giurgiu, Călărași, Dej and Vaslui are the cities which benefited from these new investments, while the new supply will be significantly more substantial in the second half of the year, when almost 260,000 sqm of retail spaces are due to be completed, according to data from Cushman & Wakefield Echinox. 

Petre Niculae, Founder of Pedro Construct, spoke with Property Forum about the new residential project whose development started this year, the challenges in the construction market and the company’s strategy of integrating innovative technologies in the design, construction, and development phases.

The first Hampton by Hilton hotel in Târgu Mureș has been inaugurated in July following an investment of €11 million made by Multinvest Group. 

The current industrial stock of close to 7 million sqm of industrial projects in Romania has the potential to support the accelerated growth of power generation systems based on photovoltaic panels installed on the rooftops of warehouses. 

Gross demand for office spaces in Bucharest hovered around 164,000 sqm in the first half of 2023, up by 22% compared to the same period of last year, while deliveries of new office buildings will remain on a downward trend by year-end, according to data from iO Partners. 

Property Forum is excited to join as Media Partner a free webinar organised by the Romania Green Building Council on the topic of "Investing in and Developing Successful Green/nZEB Building Projects in Romania". The goal of this interactive session is to both inform and gather useful feedback from real estate professionals on how to best accelerate a successful green economy transition.

Real estate developer Alesonor has inked a deal with Verita International School & Kindergarten for the integration of an educational campus in the Forest residential complex near Bucharest. 

The retail industry attracted 21% of the total investment volume recorded in the first half of 2023, which was 7% higher than the same period last year, according to data from CBRE. At the same time, the segment accounted for around €39 million of new investments.