Companies have leased close to 550,000 sqm of industrial and logistics spaces across Romania in the first half of 2023, with more than one third of the volume represented by pre-lease agreements, according to Cushman & Wakefield Echinox.

E.ON Business Services Cluj, part of the German group E.ON, will relocate to a  new office space in Record Park, the mixed-use project developed by Speedwell, and owned by AYA Properties Fund. The fit out works for the new office have been completed and the company is expected to start operations in the new space soon.

Romanian real estate company Rock Development Holding will invest €70 million in the development of its first five-star luxury hotel in Poiana Brașov. The new luxury project will comprise a hotel with 120 rooms and an aparthotel with 75 residential units.

iO Partners, JLL preferred partner in Romania, Czech Republic, Hungary and Slovakia, has appointed Andrei Văcaru as Regional Head of Capital Markets for CEE. He has been working for the agency in Romania for the past 16 years.

Daniela Lazea, Partner at Biriș Goran, spoke to Property Forum about Romania's advantageous position as an investment destination in the real estate sector and the growing demand seen by the law firm from clients active in the renewable energy sector. Biriș Goran’s portfolio remains consistent on residential, office and logistics projects.

Romanian developer One United Properties expanded efforts last year in landmark restoration, with two new acquisitions - One Downtown, (including the former Hotel Muntenia), and One Plaza Athénée as part of its sustainable urban regeneration strategy.

Cătălin Rotaru, CEO of Romanian company THETA Furniture & More, spoke to Property Forum about the company’s expansion strategy in the healthcare, HoReCa and education segments, as well as the competitive advantages of operating a custom-made furniture factory in Romania.

Industrial developer WDP has become the owner of a warehouse in Mioveni, near Pitești, following a sale-and-lease-back deal with SFC Solutions Automotive Romania, a producer of rubber profiles for the automotive sector.  

Adi Steiner, Managing Partner of STC Partners spoke to Property Forum about the developer’s new residential project in Bucharest and new investment opportunities being explored nationwide, as well as the increasingly sophisticated requirements of home buyers, with a focus on sustainability.

Four new retail projects with a combined leasable area of 30,000 sqm have been delivered in four smaller Romanian cities in the first half of 2023. Giurgiu, Călărași, Dej and Vaslui are the cities which benefited from these new investments, while the new supply will be significantly more substantial in the second half of the year, when almost 260,000 sqm of retail spaces are due to be completed, according to data from Cushman & Wakefield Echinox.