ARTICLES LABELLED WITH TAG romania
05
Mar
2024
Mar
2024
First ibis Styles hotel to open on Romanian seaside
The first Ibis Styles hotel will open on the Romanian seaside this summer following a franchise agreement signed by Accor and Paradis Hotels & Resort, a company owned by Romanian entrepreneur Aurelian Marin.
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05
Mar
2024
Mar
2024
AFI Europe names new Head of Residential Division in Romania
AFI Europe has appointed Luciana Giurea as the new Head of the Residential Division, tasked with overseeing all residential real estate projects – for rent or sale – in Romania. She will also drive the development of the division within the company.
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05
Mar
2024
Mar
2024
Retailer La Cocoș expands in Brașov
Local retail chain operator La Cocoș has opened its fourth hypermarket in Brașov. The company has leased 10,000 sqm for the new unit in the Brintex complex, in a deal brokered by Cushman & Wakefield Echinox.
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05
Mar
2024
Mar
2024
What major trends shape home affordability in Romania?
Falling interest rates and higher incomes of Romanians coupled with increasing attractiveness of residential renting will drive the home affordability index, according to research by the Eastern European Construction Forecasting Association (EECFA).
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01
Mar
2024
Mar
2024
Impact Developer & Contractor records 59% fall in profit during 2023
Romanian property company Impact Developer & Contractor said its net profit amounted to 39.9 million lei (around €7 million) in 2023, down by more than 59% versus 2022 over lower revenue from residential sales.
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29
Feb
2024
Feb
2024
Repaco Capital kicks off retail park development near Bucharest
Repaco Capital has started the construction of Crevedia Retail Park that will be completed in H2 2024 near Bucharest following an investment of €15 million. The project has a leasable area of 12,000 sqm and has already reached an occupancy rate of 80%.
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28
Feb
2024
Feb
2024
Lion’s Head Investments raises €150 million from IFC
Lion’s Head Investments, the commercial real estate investor owned by Old Mutual Property and AG Capital, has secured €150 million in fresh funding from the International Finance Corporation (IFC), part of the World Bank Group.
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27
Feb
2024
Feb
2024
Hotel occupancy in Bucharest up 5% in 2023
The occupancy rate in Bucharest’s hotel market was up 5% in 2023 compared to the previous year, but it remains around 10% under 2019. However, average revenue per room was up 12%, which is higher than in pre-pandemic times, according to a Cushman & Wakefield Echinox report.
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27
Feb
2024
Feb
2024
Kesz enters Romanian resi segment
Hungarian construction company Kesz Group has expanded in the Romanian residential segment and will start its first housing project in northern Bucharest. Following this move, the group will act as a construction and developer player on the local market.
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27
Feb
2024
Feb
2024
One United Properties records 8% growth of net profit in 2023
Romanian developer One United Properties recorded a net profit of €89.6 million in 2023, up 8% year-on-year, while its turnover rose by 30% to €306.6 million over higher residential sales and rent income.
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Latest news
- AFI Czech Republic occupancy rises in 2025
- Regional capital takes the lead as CEE investment markets regain momentum
- Swissôtel opens first Czech Republic hotel in spa town
- Fiege expands to 51,000 sqm at Panattoni Park Moson
- Czech property investment hits record €4.4 billion in 2025
- 7R signs 20,000 sqm lease for hybrid facility near Poznań
- Park Properties attracts partner for luxury villas project near Bucharest
- Asset class diversification drives deal activity across CEE
- CA Immo secures €150 million green revolving credit facility
- MLP Group raises €350 million in green bonds for expansion
New leases
- The recreational offering at Fort Wola has been further enhanced. Zdrofit fitness club, which has operated at the centre since 2024, has expanded its floor space by an additional 790 sqm to house a modern pilates zone. Following this expansion, the club’s total footprint exceeds 2,280 sqm.
- Bolton Romania has leased 306 sqm of office space in the Bucharest-based River Plaza. The deal was brokered by Fortim Trusted Advisors.
- IWG has leased 1,297 sqm for a flexible workspace in the Egros Office project in Iași.
New appointments
- Věra Hordóssyová has joined GARBE Group as Account and Financial Manager. She brings over 20 years of experience in finance and accounting, having held roles such as Chief Accountant and Financial Controller.
- Krzysztof Szargawiński has joined Avison Young Poland’s Office Agency team as an Associate Director. In his new role, Krzysztof will be responsible for leading the department’s projects in the Wrocław region. He brings over 20 years of experience in the Polish commercial real estate market, gained primarily in Wrocław, Warsaw, and Katowice.
- Balázs Kun has joined Avison Young Hungary as Director, Industrial, Land & Development. He brings over 5 years of experience in the Hungarian real estate market, most recently serving at CBRE in the Industrial and Logistics department.
