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GTC moves forward to develop City Rose Park offices in Bucharest

GTC real estate developer announced that it has received the construction permit for the City Rose Park office project in Bucharest.

Ana Dumitrache returns to CTP Romania as Country Head

CTP, the leading premium industrial parks developer and manager in Romania and Central and Eastern Europe, enters 2019 with the announcement of Mrs. Ana Dumitrache’s happy return to the company as Country Head of CTP Romania.

Immofinanz sold the land of a former industrial platform in Bucharest to One United Properties

Immofinanz, one of the most important real estate investors in Romania, has finalized the sale of the land of the former industrial platform Ventilatorul in Bucharest, with a total area of approximately 53,000 sqm, to One United Properties, a developer specializing in luxury residential properties.

New 3.3 km segment of Bucuresti-Ploesti higway opened to traffic

National Company for Road Infrastructure Administration (CNAIR) has opened the 3.3 kilometer segment of the Bucharest - Ploiesti Motorway, built by the Greek constructor Aktor.

Foreign direct investment up by 9.74% in the first 10 months of 2018

Foreign direct investment registered a growth of 9.74% in the first 10 months of this year, compared to the same period in 2017, to 4.561 billion euros, according to data from the National Bank of Romania (BNR).

CBRE has traded almost 22,000 m² for Regus and Spaces in Romania

CBRE, the world's leading national real estate consultant, has brokered rental deals for approximately 22,000 m² of coworking workspaces for the Regus and Spaces brands since 2015. This area includes agreements for new centers that have opened or to be inaugurated, as well as contractual renegotiations.

Christmas leads to material implications for real estate market players

December is a time for Romania to score positive results for sales at supermarkets, hypermarkets or discounters as well as for gifts, offering generous returns for retailers in shopping centers and preferring apparel rather than electronic goods relative to other Europeans. The season’s celebrations are a recurring highlight each year for the office segment as well, as both landlords and tenants invest in promoting the holiday spirit.

The most effervescent real estate market in Romania stays Aurel Vlaicu area in Bucharest

The area near Aurel Vlaicu metro station, at the intersection of Barbu Văcărescu Boulevard, Pipera Road and Floreasca Road, continues to be the most effervescent real estate hub in Romania, developing rapidly over the past 10 years as the new business center of Bucharest, the existing stock being almost completely occupied (vacancy rate

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