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Articles

Speedwell starts Record Park, a 42 million Euros mixed use project in Cluj - Napoca

Real estate developer Speedwell started the construction works of Record Park, the first mixed use development and urban regenerating project in Cluj – Napoca. The development process will attract an investment of 42 million Euros, the completion date of the entire project being due for the second quarter of 2020

AFI Europe Romania will begin the development of AFI Tech Park 2 next year

Israeli group AFI Europe Romania announced that it will begin the development of the second building in the AFI Tech Park office complex.

Constructors in Romania warn the government: the construction market crisis could lead to economy recession

Representatives of the Federation of Construction Companies Employers (FPSC) warn that the current construction crisis could throw the economy into recession and ask the government for tax subsidies and facilities to raise workers' wages in construction and halt the exodus of employees abroad, as well as a minimum salary of 500 euros, and total tax of 20%, reduced from about 45% today.

Retail space in new office projects in romania up to about 15-20%

Office space developers increasingly focus on the needs of employees and increasingly understand the need to create a healthy, pleasant and creative working environment to attract new employees for the tenants of the buildings and to increase productivity of existing ones.

Libra Bank moves its headquarters to the Phoenix Tower office building in Bucharest

Libra Internet Bank moves its headquarters to the Phoenix Tower building in Bucharest as a result of the sustained growth recorded in recent years and the desire to consolidate the central bank divisions in one place.

Romania, an attractive real estate market for CEE investors

Romania has remained an attractive real estate market for new or already existing investors in the Central and Eastern Europe (CEE) region, boosted by rising purchasing power and dominated by retail and office space, according to the KPMG Barometer on Real Estate Lending .

Skanska and Prime Kapital discuss to buy the GRIRO platform

One of the biggest transactions on the real estate market in Bucharest, on the site of a former communist factory, is beginning to take shape: GRIRO, controlled by businessmen Nicolae Badea and Fatih Taher, selected two real estate developers to see if they can sell 11 hectares of land.

The real estate market in Romania can be radically improved in four steps

Unified building and urbanization legislation, public and private sector cooperation, and the existence of fiscal facilities for "green" buildings or the creation of investment vehicles in real estate are some essential measures that would place the real estate market on solid bases and would attract easier investors in assets, in the opinion of lawyer Roxana Dudau, associate partner Noerr and a member of Bucharest Real Estate Club.

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