ARTICLES LABELLED WITH TAG Romania

News Fall of construction costs in Romania remains unlikely
24
Feb
2023

Fall of construction costs in Romania remains unlikely

by Property Forum
While the costs of construction materials in Romania rose during 2022, impacting the ability of developers to self-finance their projects, the current outlook is not pointing towards an improvement of this situation this year, according to an analysis by the Eastern European Construction Forecasting Association (EECFA).
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News PRS sector in Bucharest could reach 5,000 units by 2024
23
Feb
2023

PRS sector in Bucharest could reach 5,000 units by 2024

by Property Forum
The potential development of residential for rent (PRS) in Bucharest could reach 5,000 units by 2025, according to real estate consultancy Colliers Romania.
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News ESG has become very important to capital market investors
23
Feb
2023

ESG has become very important to capital market investors

by Ovidiu Nicolae
Zuzanna Kurek, Investor Relations Manager and ESG Committee Member of One United Properties, spoke with Property Forum about the ESG agenda of the Romanian developer and its role in growing the value of the company. Moreover, she also discussed how sustainability is becoming a strategic element in the developer’s negotiations for funding with banks and capital market investors.
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News Planned office stock in regional Romania totals 275,000 sqm
22
Feb
2023

Planned office stock in regional Romania totals 275,000 sqm

by Property Forum
The modern office stock in regional Romanian cities is set to reach around 1.3 million sqm in the next five years if the planned projects spanning 275,000 sqm will be delivered in this period, according to a report by real estate consultancy Cushman & Wakefield Echinox. 
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News Speedwell makes large land purchase close to Bucharest
22
Feb
2023

Speedwell makes large land purchase close to Bucharest

by Property Forum
Speedwell has purchased a land plot of 14 hectares in Corbeanca locality, close to northern Bucharest, for a new residential development that will feature 210 villas. 
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News Prima Development Group secures loan for Bucharest resi project
21
Feb
2023

Prima Development Group secures loan for Bucharest resi project

by Property Forum
Romanian developer Prima Development Group has obtained a loan of €16.8 million from Libra Bank for the first phase of a new residential complex in Bucharest. 
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News Encore Capital Trust makes 170 property acquisitions in six months
21
Feb
2023

Encore Capital Trust makes 170 property acquisitions in six months

by Property Forum
Romanian property fund Encore Capital Trust has made 170 acquisitions in the first six months of operation with an average investment ticket of around €290,000. The purchases covered apartments and parking lots based in nine residential projects. 
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News WE RENT Bucharest appoints Board of Directors
17
Feb
2023

WE RENT Bucharest appoints Board of Directors

by Property Forum
WE RENT Bucharest, the first residential rental platform in Romania under the Vitan Estate brand, has appointed its Board of Directors at the beginning of this year. Kimberly Vrânceanu was named President of the Council, and Violeta Niculae is a member of the Board of Directors and Executive Director of the platform. 
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News What trends are shaping Romania’s retail industry in 2023?
17
Feb
2023

What trends are shaping Romania’s retail industry in 2023?

by Property Forum
With 17 new brands entering the Romanian market in 2022 and the opening of 11 new retail parks, the total stock of retail projects came close to 4.1 million sqm. On this backdrop, new opportunities appear in the market for developers as the available commercial spaces are mostly rented and the vacancy rate is 3% in malls and even lower in retail parks, according to CBRE.
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News One United Properties makes large land purchase in Bucharest
17
Feb
2023

One United Properties makes large land purchase in Bucharest

by Property Forum
Romanian developer One United Properties has purchased 5 hectares of land in Bucharest for a new mixed-use development in a deal worth €35 million. The company plans to develop One Cotroceni Towers, which will have a gross development value in the range of €400 million. 
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Latest news


New leases

  • The company PKB Inwest Budowa has announced that the retail chain Lidl Polska will be a tenant of the newly developed Retail Park in Garwolin. The investment will include the construction of 3 buildings with a total area of 11,045 sqm. GLA. One of of them with an area of over 2,100 sqm will be occupied by a Lidl Polska shop.
  • Peek & Cloppenburg has chosen the Szczecin Galaxy shopping centre to make its debut in West Pomerania in Poland. The brand's only shop in this part of the country will be almost two thousand square metres in size.
  • The Enel-med clinic chain is opening two new outlets in Wrocław: 510 sqm in Sagittarius Business House and 1,374 sqm in the Infinity office building.

New appointments

  • Angelika Majkowska has taken up the position of HR director at Apsys Poland. Angelika, who has been with the company since 2013, will be responsible for complex HR policies in an organisation with a structure involving more than 19 teams in various locations.
  • Filip Krstičević is joining iO Partners in Zagreb as Regional Manager, focusing on leasing and land deals across the region. With a strong track record of acquiring land sites and developing residential and commercial properties in both Croatia and Australia, Filip is well placed to support international investors entering the Croatian market.
  • The Management Board of Globe Trade Centre S.A. has announced that on 18th of March, 2024 the company accepted Barbara Sikora's decision to resign from the company's authorities.

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