ARTICLES LABELLED WITH TAG Romania

Property developer and investor Globalworth has secured new funding worth €160 million from Austrian Erste Group. 

Property developer Speedwell has secured financing from Alpha Bank Romania for SpacePlus, its first industrial development located in north-western Bucharest. 

Romanian developer Alsin Management will invest €40 million in a new residential complex based in Pipera, northern Bucharest. 

The volume of land sales for commercial real estate projects in Romania (excluding for traditional industrial and logistics projects) reached around €450 million in 2022, down from almost €800 million euros a year earlier, according to estimates by real estate consultancy Colliers. 

Belgian developer Atenor says it has agreed on a bilateral promise with CEE-focused real estate investment manager Adventum Group for the sale of the office complex @Expo in Bucharest. The promise is under the suspensive condition of the signing of a share purchase agreement by the end of Q1 2023, Atenor announced in a press release.

In the past 12 months, there were 154 buildings in Romania that received green certifications under the BREEAM or LEED standards, accounting for one-third of all buildings that were certified in the past 14 years, according to data from green building consultancy ADP.

SIF Hoteluri Oradea has reached a deal to sell the Hotel Eurohotel in Baia Mare for €2.1 million. The 3-star hotel is located near the city center and features 64 rooms, a restaurant and conference halls.

Spirits producer Alexandrion Group will open next year a new hotel in Romanian mountain resort Sinaia following an investment of around €17 million.

Globalworth announced the signing of two new facilities with Erste Group for an aggregate amount of €160 million. These facilities are part of the ongoing strategic management of our liquidity and debt management initiatives, further strengthening the company's liquidity position at attractive market terms.

Romanian developer One United Properties has purchased an unfinished, abandoned building in the historic centre of Bucharest, for €13.5 million. The building will be transformed into a 5-star lifestyle hotel - One Plaza Athénée.