ARTICLES LABELLED WITH TAG Romania

Rents for commercial projects that are being developed at present in Romania will grow in the next 2-3 years, while demand for green buildings will continue to expand, concluded speakers at a panel discussion at Property Forum’s annual Summer Networking Party organised in Bucharest.

Danny Bercovich was promoted to Regional Director of Retail of GTC. Previously, he has served the company as the CEO of GTC in Bulgaria and Romania. In the new role, Mr Bercovich will steer the company’s operations and growth strategy in the retail segment.

Industrial developer CTP Group has recently delivered over 100,000 sqm in CTPark Bucharest North, which is becoming a new logistics hub for e-commerce companies. Following an investment of €160 million, this further expansion at the park is expected to push the total leasable area above 200,000 sqm by year-end.

Industrial developer CTP has started the construction of CTPark Oradea Cargo Terminal, the first industrial park with an air cargo terminal in Romania. The project is located close to Oradea Airport and the Eurobusiness II industrial park.

Residential asking prices in Romania grew by 2.5% in May compared to April to an average of €1,751 per sqm, with Cluj-Napoca remaining the most expensive market in the country, according to the Imobiliare.ro platform. 

Equilibrium 2, the second phase of the Equilibrium project developed by Skanska in northern Bucharest, has obtained the preliminary Net Zero Carbon Buildings certification, granted by the Romania Green Building Council (RoGBC).

Romanian property company Eden Capital Development has secured the construction permit for a new residential complex in northern Bucharest and plans to kick off the building phase this autumn.

As the pandemic-related restrictions have been lifted, large occupiers have returned to the office, most of them in a hybrid setup, while the office lease periods have fallen from 5 to 3 years, according to an analysis of real estate consultancy Crosspoint Real Estate. 

Property group Globalworth has inked a 6-year green loan deal worth €85 million with the International Finance Corporation (IFC), which is a member of the World Bank.

Apartments in Cluj-Napoca have the biggest sale prices in Romania, with owners asking for an average of €2,240 per sqm in the first quarter, which was up 21% compared to the same period of last year, shows a report by Imobiliare.ro platform.