British software services company Endava has renewed its lease for a further five years at the United Business Center building, part of the Iulius Mall Cluj development. The deal, brokered by real estate consultancy Colliers, covers 4,300 square meters of […]
The total stock of industrial and logistics spaces in Romania could reach the 8 million sqm threshold at the end of 2025, if the recent annual development pace of 500,000 sqm is maintained. As of mid-year, over 7.125 million sqm […]
Trading activity in the office market slowed in the third quarter of this year, mirroring trends from 2021-2022. Total demand for modern leased office space in Bucharest dropped by 25 percent to 236,000 square meters compared to the same period […]
Luther Immobiliare announces the takeover and continuation of the “Fosta Fabrica” project, an extensive project of conversion and consolidation of monuments and urban regeneration. After its acquisition, Luther Imobiliare continues to develop the area, keeping the vision of transforming a […]
Impact Developer & Contractor announces it started the delivery of 732 apartments completed in the new phase of development of the Greenfield Baneasa neighborhood, located in District 1 of Bucharest. Together with the district heating plant that will serve the […]
Falling housing approvals and therefore supply, coupled with rising demand, expectations of easing monetary conditions amid falling inflation and further wage increases, set the stage for rising house price pressures over the medium term. Colliers’ consultants estimate that if current […]
Deloitte Romania assisted the Romanian entrepreneurial group Alfa Group in the acquisition of the largest part of the IRIDE Park project, located in the North of the Capital, along with two other properties in the proximity, from CPI Property Group, […]
A multijurisdictional team of lawyers coordinated by Mădălina Rachieru-Postolache, Partner Clifford Chance Badea, advised NEPI Rockcastle in connection with its latest green bonds issue, worth EUR 500 million. The bond issue, oversubscribed more than six times, marks NEPI Rockcastle’s return […]
PeliPartners announces the successful signing of a significant transaction for Alfa Group on the acquisition of the IRIDE Business Park project from CPI Group. The transaction is not only limited to the acquisition of office space, but also includes related […]
The office occupancy costs in Bucharest have increased by approximately 10 percent over the past two years, being driven by the growth in operational costs and by the rent indexations in a period with high inflation. The most significant factors […]
