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Articles - real estate developments

Increasing construction costs, the biggest challenge of 2022 for real estate companies in Romania and other countries in the region

The increase in construction costs represents the biggest challenge of 2022 for 90% of the real estate companies in Romania and in other countries in this region of Europe, according to the Deloitte Real Estate Confidence Survey for Central Europe 2022, conducted in the second quarter of this year in Romania, Poland, the Czech Republic and Hungary.

Campeador contracts a financing of EUR 4.5 million from CEC Bank for a mixed-use project in Timisoara

Campeador City will reunite in total eight blocks of flats with one, two and three rooms, and an office building, which will also include commercial spaces and a kindergarten. The project will be developed in four stages.

Office and warehouse project in Bucharest, on hold due to pandemic

The local entrepreneur Daniel Guzu has stopped for the moment the development plans of a warehouse and an office building, located on the Bucharest-Ploiești Road, on a 6,700 sq m plot.

The office, retail and industrial deliveries in Romania surpass the 1 million square meter threshold in 2019, pushing the total stock to 12 million square meters

The real estate developers completed in 2019 new industrial, retail and office space deliveries with a total cumulative area of more than 1 million square meters, with the office and industrial sectors being the most active ones, according to a study realized by Cushman & Wakefield Echinox real estate consulting company.

Romania remains an outlier in the CEE region in H1 2019

The Romanian real estate market recorded good results in the first half of 2019, with activity on office and investment segments getting more dynamic than that of some CEE peers. With the full year GDP expansion figure likely to top 4%, Romania also remains an outlier in terms of economic performance when compared to other CEE economies.

Prime Kapital invests 200 million euros in the Silk District, its first mixed-use project in Iasi

The Silk District, developed on the former Teba platform in Iasi, will have two main components: A class offices with an area of approximately 100,000 square meters and 2,500 apartments. In addition, the Silk District will include 11,700 sqm of retail space, a four-star hotel with 160 rooms, a 1,500 sam clinic, services, parks, leisure and relaxation areas, a kindergarten and a swimming pool.

A record of 1.2 million sqm of new real estate industrial, office and retail projects to be delivered in 2019

The real estate market in Romania has entered a new year of development on all segments, investors having plans to deliver logistic, commercial and office buildings with a cumulated area of 1.2 million square meters, a new record, according to Cushman & Wakefield Echinox. For comparison, last year new spaces of about 850,000 square meters were delivered.

Buildings delivered in 2017 are worth over 1 billion euros

In Romania, commercial real estate (retail, office and logistics) with a value of 1.084 billion euros was delivered in 2017, according to Cristian Negrea, director of the Asset Property Services valuation department.

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