ARTICLES LABELLED WITH TAG Romania

Commercial property investment in Romania totaled €1.25 billion in 2022, up 40% compared to the previous years, of which the biggest single deal was Pavăl Holding’s acquisition of CA Immo’s office portfolio for €600 million, according to real estate consultancy JLL România. Last year's result was the biggest since 2008.

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.