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Articles

Romanian real estate market exceeded all expectations in 2020

In 2020, the real estate market registered a 32% increase in investments, the largest transactions accumulated over 2020 mil. Eur, the office segment excepts more than 230.000 new sqm this year, the industrial sector achieved an increase of 60% of new leases compared to the previous year, and the residential section noted an increase of up to 20% in prices for luxury housing, according to the annual report of Crosspoint Real Estate.

Atenor sold office project Hermes Business Campus to Adventum Group

ATENOR announces that an agreement has been reached on the sale of the company NGY Properties, owner of HERMES BUSINESS CAMPUS in Bucharest, to Adventum Group and its partners. They are set to acquire, with its Adventum Quartum fund, 100% of NGY Properties.

The first signs of a come-back for the office market: the pre-lease transactions increase and the renegotiations decrease

The volume of leasing transactions on the Bucharest office market increased in the first quarter of 2021 to 48,000 square meters, a 9% decrease from the similar period of the previous year, when the Covid-19 pandemic was still on its onset in Europe, reveals the research data of the real estate consulting company Cushman & Wakefield Echinox.

THETA Furniture & More targets 12 mil EURO in 2021

The company aims to acquire new companies, increase market share up to 11% and a turnover of 25 mil EURO by 2024

Real estate transactions of almost 100 million euros at the beginning of the year

Office buildings and industrial projects, investors' favorites

River Development signs transaction for selling The Light One office building to the investor UNIQA Real Estate GmbH

River Development, the developer of the two integrated and multi-functional projects - Sema Parc and The Light, signed the transaction for the sale of The Light One building to the investor UNIQA Real Estate GmbH on April 23.

IMMOFINANZ signs the transaction of the year on the post-pandemic office market: 11,000 sqm leased for 25 years

Provita became the new tenant of the giant IMMOFINANZ in the IRIDE | eighteen building, a building that was fully leased by the medical group.

IT giant Tech Mahindra expands its office in Vox Technology Park with 1.500 square meters

IT giant Tech Mahindra expanded its offices in Vox Technology Park from Timisoara with 1,500 square meters, thus reaching a total surface of 2,100 square meters of office space within the project.

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