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.

Romanian hospitality consultancy Premier Hospitality has been appointed operator of the Ramada Sibiu Hotel under a lease agreement that will run for 20 years.

Romanians’ intention to buy a home in the next 12 months is approaching the levels seen between 2006 and 2008, according to a recent Colliers analysis based on Eurostat data.

Romanian developer Genesis Property says it is supplying all its office and student accommodation projects in Bucharest from renewable sources, following an investment in a photovoltaic system.

Alina Necula, Country Manager Romania Lion’s Head, talked to Property Forum about the company’s plans to develop its first logistics projects in Romania and the strategic leasing transactions closed in the company’s flagship office project, Oregon Park in Bucharest.