ARTICLES LABELLED WITH TAG Romania

Romanian developer Iulius has signed a partnership with IFC, a World Bank member, in a move designed to create a decarbonation strategy for the whole property portfolio with a target to reach net zero on carbon emissions. 

Romanian developer Redport Capital is planning a residential complex with more than 1,000 homes on the land plot of 44,000 sqm that was recently purchased in northern Bucharest alongside local furniture market Mobexpert.

Rustler Romania, the supplier of facility, property and project management services, has launched its brokerage division under Rustler Properties offering real estate consulting services in the office, land and industrial-logistics segments.

Romanian developer Impact Developer & Contractor has completed the first 209 apartments comprising the first phase of the Boreal Plus residential project in Constanța.

Romanian real estate consultancy Crosspoint Real Estate, the local partner of Savills, is launching a new segment dedicated exclusively to residential leasing through accessing the private rental sector (PRS). 

U•Center Phase 1, the office project in Bucharest owned by Pavăl Holding, has obtained the WELL Core certification at the Platinum level with a score of 91. The owner and Forte Partners, the developer of the building, said this is the highest score in Romania for this type of certification. 

Property investor Globalworth has reported a net loss of €16.1 million in 2022 compared to a profit of €47.5 million in 2021, while the value of its commercial portfolio remained effectively unchanged at €3.2 billion. 

Property Forum is excited to announce that the 2023 edition of “The 50 most influential people on Romania’s real estate market” will be published on May 4th during our Spring Networking Party in Bucharest, on the day of our first-ever Romania ESG Forum.

Industrial developer CTP's net rental income amounted to €452.1 million in 2022, which was an increase of 38.3% year-on-year, while like-for-like rental growth was 4.5% last year, mainly driven by reversion on expiring leases and renegotiations, and supported by the 2021 indexation of 1.7%. The company's annual profit decreased by 22.4% from €1,025.9 million in 2021 to €796.5 million in 2022.

Industrial developer P3 Logistic Parks has secured leasing contracts for over 98,500 sqm of logistics and office space in Romania during 2022 over higher demand from the retail, logistics and transport sectors.