ARTICLES LABELLED WITH TAG Romania

River Development will complete in May 2023 an investment of more than €1 million in a photovoltaic power plant for the generation of green, renewable and clean energy in Sema Parc. The plan will initially cover part of the electricity consumption in three office buildings based in the Bucharest project. 

Romanian developer Genesis Property has completed the largest renewable energy project in an office park in Romania. The project consisted of the installation of more than 1,000 photovoltaic panels on an area of more than 4,000 sqm, in prosumer mode, on the office buildings’ roofs in YUNITY Park based in northern Bucharest, following an investment of €1 million.

Prima Development Group has started the development of a new residential project in northern Bucharest that will feature 482 apartments. 

Industrial park developer Cometex, owned by Romanian retailer Altex România, has sold the Bucovina shopping centre in Suceava to local entrepreneur Andrei Mandachi in a transaction valued at €7 million. 

Property group Immofinanz, controlled by CPI Property Group (CPIPG), is reportedly negotiating the sale of its Băneasa Airport Tower office building in northern Bucharest.

QeOPS, the provider of e-fulfillment services and customized logistics solutions, has increased its occupied warehouse space in CTPark Bucharest to around 15,000 sqm. 

Romanian developer Forty Management has sold commercial spaces covering 1,200 sqm in three Bucharest-based projects for €3.3 million, excluding VAT.

Nooka Space, a start-up that operates smart flex offices, has announced a partnership with NEPI Rockcastle for the implementation of flexible workspaces on the premises of the group’s retail portfolio in Romania. 

Romanian property company IMPACT Developer & Contractor recorded a net profit of RON 15 million (€3 million) in the first nine months of 2022, which was double compared to the same period of last year over higher residential sales. 

Industrial and logistics developer P3 closed transactions for 78,000 square meters of office and logistics space in Romania in the first nine months of this year. Of the total transactions, 34% are new long-term contracts, while the rest comprises short-term contracts or extensions of existing lease agreements.