The Romanian investors have made real estate acquisitions worth €1.1 billion in the last 5 years, having a share of 28% in the investment volume recorded during this interval. Therefore, they have been the most active buyers of income-producing real estate assets in Romania, according to data from the Cushman & Wakefield Echinox real estate consultancy company.
MetaWealth, the Fintech startup with offices in Bucharest, Dublin and Toronto, has sold its first real estate asset to 153 retail investors from Romania, Cyprus, Austria, Switzerland, the UK, Denmark, Belgium, the Netherlands, the Czech Republic, Canada, Sweden, and Greece, for a combined value of USD 2.14 million.
CBRE assisted Beiersdorf Romania in the transaction process of finding and renting the space dedicated to the new office as well as the most suitable building for a company that is focused on sustainability. The German top player in Skin Care with iconic brands such as NIVEA is moving its office to a new class A building, D’OR, developed by Primavera Development.
Iulius Company opened Palas Campus in Iasi, eastern Romania, on April 25 - an urban regeneration project promoted as the largest office building in Romania. The investment amounted to over EUR 120 million, being the largest private investment in Iasi in the last decade, according to the developer..
During a tumultuous 2022, marked by global political and economic instability, the Romanian real estate market has been put though a set of trials, with some outperforming sectors while others struggling to adapt to changes which no longer seem temporary. 2023 has started on a temperately optimistic note, with an overall approach governed by cautiousness and well-thought business decisions.
The developer River Development announces the lease of a 3,780 sqm space to the Ministry of Transport and Infrastructure, in the London office building in Sema Parc, following an auction process in which it participated and was declared the winner.
SENARIA, one of the most dynamic local construction project management companies, ends the first quarter of 2023 with a 25% increase YoY. In the first quarter of this year, SENARIA contracted projects for the services provided in the amount of 1 million euros thus predicting at least a doubling of the turnover compared to 2022.
CBRE, the leader of the real estate consultancy market, assisted Playtika Romania (Playtika), a mobile gaming entertainment and technology market leader, in determining the most efficient real estate strategy in terms of operations and cost efficiency. The consultancy firm performed a complex analysis and provided relevant data that considered all the suitable alternatives in the market and studied the group’s growth strategy and employees’ preferences.
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