The first half of 2024 in the land market witnessed more the completion of transactions that had been initiated some time ago, rather than the start of new negotiations, as investor interest in land acquisitions remained relatively limited, according to […]
IMPACT Developer & Contractor (Impact) achieved revenues of 98 million RON at group level in the first semester of 2024, up 65 percent compared to the same period last year. The gross profit recorded is 30.9 million RON, 68 percent […]
NEPI Rockcastle recorded a 13.5 percent increase in net operating income in the first half of 2024 compared to the same period in 2023. Thus, in the first six months of 2024, the amount of net operating income reached 274 […]
PeliPartners assisted Immofinanz AG in the sale of myhive Victoriei (formerly known as Bucharest Financial Plaza) to AFI Europe, in a transaction of over 27 million Euro. The property was sold together with the corresponding building permit for the conversion […]
Real estate developer AFI Europe has acquired the myhive Victoriei building on Calea Victoriei from Austrian commercial real estate group Immofinanz. The transaction, brokered by Colliers and Cushman & Wakefield Echinox, was valued at around 27 million euros. Completed in […]
Copeland, a U.S.-headquartered global provider of sustainable climate solutions, today announced the opening of a new office in Cluj-Napoca, Romania, to help meet the demand for sustainable heating and cooling solutions for Copeland’s European customers. Located in the United Business […]
The Cushman & Wakefield Echinox real estate consultancy company advised Infineon Technologies in a 20,000 sqm office pre-lease transaction in Bucharest, the largest such transaction in a yet to be developed office building signed in Romania in the last five […]
Sports HUB, a non-governmental association specializing in the development of programs and events dedicated to sport and education, is establishing its headquarters in YUNITY Park, the office campus owned by Genesis Property. Sports HUB, the initiator of the GO Scholarship […]
Romania recorded a 131 percent y-o-y growth of the real estate transaction volume during H1 2024, reaching a level of €418 million, corresponding to the highest growth rate in the Central and Eastern Europe (CEE). This significant evolution places Romania […]
Romania maintains the third position in the top of the European countries with the cheapest new housing, after Bosnia and Herzegovina and Greece, with an average price of 1,504 EUR/sqm in 2023, slightly up from 1,461 EUR/sqm in 2022, according […]
