ARTICLES LABELLED WITH TAG Romania

Fashion House Group will deliver in late June the second phase of its outlet centre in the Pallady area, eastern Bucharest, following an investment of €45 million.

Property group NEPI Rockcastle has completed its first residential project in Romania. The Bucharest-based Vulcan Residence complex features 254 apartments and has been delivered with an 80% sale rate.

Vlad Stanislav, Managing Director Romania at iO Partners, talked to Property Forum about the company’s expansion in the energy and infrastructure line of services and the higher yield environment in Romania’s property sector compared to other markets in CEE.

Nexo Group, a Romanian full-service group for real estate development, construction, and housing installations, will invest €10 million in the construction of villas in Pipera area, near northern Bucharest.

Romanian developer One United Properties has purchased a 21-hectare land plot in Bucharest for an undisclosed amount. The company plans to start a new residential development that will feature around 5,000 homes.

New office deliveries in regional cities totaled 83,000 sqm in 2023 and the total leasable area has climbed close to 1.1 million sqm, according to a Cushman & Wakefield report. Offices in regional cities of the likes of Cluj-Napoca, Timișoara and Brașov represent around 30% of the corresponding total in Bucharest.

InteRo Property Development, owned by the Canadian Topolinski Family, has planned investments in northern Bucharest that will exceed €170 million.

Industrial developer WDP has purchased wholesale retail park Expo Market Doraly from ARA Europe and Romanian investor Gheorghe Iaciu for an undisclosed sum.

Office leasing in regional cities reached 37,441 sqm during 2023, equivalent to 18% of the space leased on the Bucharest market in the same period, according to a Fortim Trusted Advisors report.

CPI Romania has named Cushman & Wakefield Echinox as manager of Expo Business Park in Bucharest.