Cordia Romania, a member of the Futureal Group, has acquired an 8,179 sqm land plot in Bucharest from Bog'Art Place and has begun construction on Centropolitan, a residential project featuring 274 apartments and 3,345 sqm of integrated retail space.

Silviu Stratulat, Managing Partner, Stratulat Albulescu spoke to Property Forum about the impact of the crisis in Ukraine on the CEE real estate market, but also about the bank financing environment for developments amid rising interest rates. The law firm is planning to boost the logistics segment in its portfolio and expand with a new office in Moldova.

Hungarian investor Indotek Group has purchased the One Victoriei Center office building in central Bucharest as part of its expansion strategy for an undisclosed sum. 

Romanian developer Forty Management has completely sold all the apartments and leased all spaces in the Central District 4 Elements project that was completed last year following an investment of €25 million.

Romanian law firm Stratulat Albulescu has closed a significant number of land deals and transactions involving various heritage properties this year. Silviu Stratulat, Managing Partner of Stratulat Albulescu talked to Property Forum about the attractive fiscal environment for property investments and the market segments that record the biggest development volumes at present.