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Articles

2021, record year for the Romanian land market, with over EUR 800 million worth transactions

The volume of transactions with land dedicated exclusively for residential and commercial projects (office, retail, hotel) saw last year its highest value since 2007. The market has increased more than two and a half times compared to the estimated volume of 310 million euros in 2020, according to Colliers data.

Record number of M&A deals in 2021, estimations for unprecedentedly intense activity in the coming years

Romania’s mergers and acquisitions (M&A) market reached an all-time record in 2021 in terms of number of deals, having recorded 137 transactions, according to an analysis conducted by Deloitte Romania.

ATENOR sold the office project Dacia One to Paval Holding

ATENOR announces the closing of the sale of its Romanian subsidiary, Victoriei 174 B.D. srl, owner of the DACIA ONE project to Paval Holding. This investor is known, among others, asthe owner of Romanian DIY retail business “Dedeman”.

Residential returns to the forefront of the real estate market alongside the industrial sector in 2022, while the office market is shrinking

The industrial sector became the new star of the real estate market in 2020-2021 as the growth of online commerce but also the expansion of large retail networks needed additional storage space, according to ZF.ro.

Prime Kapital extended its lease in Globalworth Tower, Bucharest

Prime Kapital, an integrated real estate developer, investor and operator, extended its lease in Globalworth Tower, Bucharest. The new deal is signed for an extra of 1.941,5 sqm of office space for the next 5 years.

Speedwell to buy a nine-hectare land plot located on the Griro platform in Bucharest for a new mixed-use project

Real estate developer Speedwell bought a nine-hectare plot of land located in Bucharest, on the Griro platform, one of the largest plots of land available in the capital. Speedwell will build on this land a project estimated at 500 million euros that will include apartments, office and service spaces, leisure facilities and green spaces.

60% of the Romanian Millennials and earliest Gen Zs prefer working remotely with flexible hours no more than twice a week

Six out of ten (60%) Romanian Millennials and earliest members of Gen Z prefer a working arrangement that allows them to work from various locations, including home, during flexible hours, according to the latest edition of Deloitte Central Europe (CE) First Steps into the Labour Market report, conducted in 19 European countries, including Romania.

GTC receives the LEED Gold certification for Cascade Office Building

GTC, one of the leading real estate companies in Central and Eastern Europe, received the LEED Gold certification for Cascade Office Building, located near Victoriei Square, in Bucharest’s Central Business District (CBD).

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