ARTICLES LABELLED WITH TAG Romania

The northern part of Bucharest is popular among investors due to the attractive yields that can be generated by residential projects.

The construction industry in SEE-based countries is in the recovery phase and could reach a new peak by 2026, while some countries in Eastern Europe have cooling activity in this sector, according to a report by the Eastern European Construction Forecasting Association (EECFA).

CBRE Romania will get involved in the leasing strategy of H Știrbei Palace, a new shopping gallery for luxury brands developed by Hagag Development Europe in central Bucharest.

Ema Iftimie, Managing Director at Globalworth Romania, spoke with Property Forum about the group’s office pipeline in Romania and the plans for the existing commercial portfolio that has been completed following an investment of more than €900 million.

Romanian developer HILS Development has designed a space simulating the development of a residential project within Bucharest-based edutainment project Destiny Park.

Yitzhak Hagag, Co-Founder and Shareholder, Hagag Development Europe, spoke with Property Forum about the increasing demand for the company’s boutique office buildings in central Bucharest and the strong sales book for its residential developments in the city. The company has a development budget totalling €195 million.

STC Partners has obtained a bank loan of €10 million from Banca Transilvania for the construction of the second phase of its Quartier Azuga residential project in Bucharest.

Prime Kapital aims to deliver by the end of 2025 the second phase of its Avalon Estate residential project based near Bucharest.

Romanian developer One United Properties has secured a €47 million loan from Banca Transilvania.

The services, green spaces, and recreational areas in the Bucharest-based Equilibrium 1 office project are valued by more than 90% of employees working in the building developed by Skanska in northern Bucharest, according to a company survey.