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Related news

Romanian real estate investment market closed the first quarter with transactions of 202 million euro

The first quarter of 2024 ended with real estate investments in Romania totalling 202 million euros, up 69 percent compared to the first three months of 2023, with transactions in the retail segment accounting for around two-thirds of the volume, according to a Colliers report. Compared to the other five major economies (Bulgaria, Czech Republic, Hungary, Poland and Slovakia) in Central and Eastern Europe (CEE), Romania was the best performer in a context where market activity in the region was soft and transaction volumes reached one of the lowest levels in a decade.

Romania’s leading real estate developers have started to consolidate their land portfolios

2024 looks to be a very good year for strategic acquisitions in the land market, given the favorable long-term outlook. Activity in the land market has slowed over the past year, but investor enthusiasm for Romania’s long-term potential remains stable. Demand for strategic land plots, which now can be secured at more interesting terms than in a highly active market, is growing, Colliers Consultants note. This trend is attracting the interest of major developers looking to strengthen their position in the property market.

Management and maintenance costs for office buildings in Colliers’ portfolio increased by 9% in 2023

The management and maintenance costs of the office buildings in Colliers Romania’s Asset Services portfolio increased by 9% last year compared to 2022. Higher costs for services in general, including higher salaries, and an improved presence of employees in the office in 2023 were the factors driving this trend.

Real estate investment market slowed down its activity in 2023, decreasing by more than half

The Romanian investment market recorded transactions of around 476 million euros last year, down by more than half over 2022’s cycle high of 1.25 billion euros, according to the 2023 Annual Report released by Colliers.

AllCloud Secures a Workspace in River Plaza, for Agile Growth, Advised by CBRE

ALLCLOUD, a US-based global leader in cloud-based services, has selected River Plaza, a modern office building in Romania’s capital city, in a strategic real estate transaction facilitated in a highly efficient manner by CBRE Romania. The collaboration of all parties involved resulted into a lease of a fully fitted out workspace, with the flexibility to accommodate a potential future expansion of the technology focused professional services company.

Colliers obtained LEED accreditation for the green certification of the existing buildings

Oana Adjudeanu, consultant within the property management department of Colliers International Romania, has obtained LEED Accredited Professional certificate on Existing Buildings Operations and Maintenance (LEED AP O+M).

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