2024 marks the lowest office deliveries in Bucharest in the last 20 years

In 2024, the Bucharest office market recorded the lowest level of deliveries in the last two decades, with only...

Energy autonomy is desired by 7 out of 10 homeowners to stop worrying about bills

Romanians interest in photovoltaic plants has increased 2 times in the first months of the year compared to the...

What is the price of a house in Țegheș village, west Bucharest?

Over the past 15 years, the residential market in Țegheș village, 24 kilometers from Bucharest city center, has experienced...

Office fit-out costs in Bucharest increased by 12% in 2024, surpassing the EUR 1,000/ sq. m threshold

The average office fit-out costs in Bucharest increased by 12% in 2024 compared with the previous year, surpassing the...

Local investors strengthened their dominant position in the land market

Romania’s land market remained stable in 2024, with transaction volumes close to the 450 million euro recorded in 2023,...

Romanian hotel market recorded the highest number of tourists in the last three decades

Romania's hotel market is experiencing a period of accelerated growth, reaching a record of more than 25 million overnight...

Over 1 million square meters of new office space leased in the last 5 years

IT companies, manufacturing & industry, and the medical & pharma sectors, have been the most active in the office...

Dior, Saint Laurent, Celine, Hermes, Chanel, Guerlain to open units on Calea Victoriei

Hagag Development Europe is set to open Stirbei Palace on Calea Victoriei in the second half of this year,...

Fuksas Studio to design the architecture of the first Hyatt Hotel in Bucharest

Real estate developer Nusco will open in Nusco City the first dual-branded hotel in Bucharest, Hyatt Place and Hyatt...

Western European investors spent EUR 1.75 billion on real estate assets on the local market in the last 5 years

Investors from Western Europe, particularly from Austria, the Netherlands, Belgium, and the United Kingdom, have been the most active...

More people to choose renting over buying a home, in context of rising prices and limited supply

The delivery of new homes fell by 15% nationwide and by more than 20% in Bucharest, while demand increased...

Solida Capital at its first transaction in Romania, Victoria Center office building

Solida Capital, a investment and asset management firm, completed its first transaction in Romania, buying Victoria Center from Manova...

Polish developer Scallier is expanding its Funshop Park retail network in Romania

Polish developer Scallier opens a new shopping center of approximately 10,000 sq m. under the Funshop Park brand near...

SkyTower to release 1,000 biodegradable red balloons on February 24

On February 24th, for Dragobete, SkyTower, Romania’s tallest building and an iconic landmark of Bucharest, celebrates SkyLove Day, a...

Bucharest, second in CEE after the number of green office building stock

Bucharest is one of the largest and most mature office markets in Central and Eastern Europe. Alongside Warsaw, Prague,...

More retail projects were delivered in 2024, but the total leasable area was 15% lower compared to 2023

The modern retail stock in Romania reached 4.62 million sq. m, with projects cumulating around 180,000 sq. m GLA...

Romanian real estate investment market closes 2024 with transactions totalling 750 million euros

Real estate investments in Romania reached 750 million euros in 2024, marking a 58% increase compared to the previous...

Romania becomes a regional logistics hub for major European retailers

Interest from both international and local investors has increased in 2024, and major transactions, such as the expansion of...

Lion’s Head acquires 15 hectares of land in Popești Leordeni, near Bucharest

Lion's Head acquires 15 hectares of land in Popești Leordeni, near Bucharest. This transaction marks the expansion of the...

Romania remains one of the most affordable property markets in Central and Eastern Europe

Rising average incomes outpacing real estate price growth has improved housing affordability in Romania, setting it apart from other...

Forte Partners U Center 2 office building in Bucharest is fully leased

Completed in September 2023 and certified LEED v4, WELL Health-Safety, and WELL Core at the Platinum level, the U...

Nusco City to host Hyatt’s first hotel in Bucharest, under Hyatt Place and Hyatt House brands

Real estate developer Nusco has signed a partnership agreement through which Hyatt will open its first hotel unit in...

Hesburger opens its sixth restaurant in Romania, in Mega Mall Bucharest

Hesburger, the largest fast-food chain in Finland, has opened its sixth restaurant in Romania, in Mega Mall, following an...

German group GARBE Industrial Real Estate expands in Romania

GARBE Industrial Real Estate GmbH, one of the leading providers and managers of logistics, light industrial and technology real...

First CODE7 store, a new premium sportswear concept on the Romanian market

The first CODE7 store opened in AFI Cotroceni Mall in Bucharest. Still, the brand’s expansion plans include locations within...

Trading activity in the office market slowed in the third quarter of this year

Trading activity in the office market slowed in the third quarter of this year, mirroring trends from 2021-2022. The...

Finnish fast-food chain Hesburger opens a new restaurant in AFI Cotroceni

Hesburger, the largest fast-food restaurant chain in Finland, opens a new restaurant in AFI Cotroceni, following a 500,000 euro...

German fashion company BOGNER enters the Romanian market

German fashion company BOGNER, specializing in athluxury sports fashion, is expanding into the Romanian market by opening its first...

Turkish giant Trendyol to open an HQ in Bucharest and a local warehouse

E-commerce platform Trendyol is to open a headquarters in Bucharest and a local warehouse, for which it will employ...

Deliveries of new retail projects in H1 2024, three times higher than last year

The first half of 2024 saw a dynamic increase in the delivery of new retail projects, adding approximately 106,000...

Companies leased new offices for around 8,000 employees during H1 2024

The net office take-up in Bucharest across Q2 exceeded the renewal and renegociation transactional volume for the first time...

Romania in top three of the European countries with the cheapest new housing

Romania maintains the third position in the top of the European countries with the cheapest new housing, after Bosnia...

Primark to open its first store in Craiova’s ElectroPutere Parc Mall in 2026

Primark will open its first store in Craiova in 2026, covering an area of about 4,500 square metres in...

Vulcan Residence, NEPI Rockcastle’s first residential project, is 80% sold

NEPI Rockcastle completed Vulcan Residence, its first residential project. The project, located in Bucharest's 13 Septembrie area, has already...

Finish fast food chain Hesburger opens first outlet in Romania

Finnish fast-food chain Hesburger has opened the first of ten planned restaurants in Romania, in Ramnicu Valcea, after a...

The first full autonomous PENNY store in the world is open in Bucharest

PENNY opened on May 29, 2024, in Bucharest, the first full autonomous store in its network, where articles are...

RetuRO opens its second beverage packaging collection center

RetuRO, the administrator of the Deposit-Return System, opens its second beverage packaging collection center in the country, within the...

Romanian industrial and logistics spaces stock exceeded 7 million sq. m

The modern stock of industrial and logistics spaces exceeded 7 million sq. m across the country at the end of...

First foreign distribution center of LPP Logistics opens near Bucharest

Located in CTPark Bucharest West, the largest industrial park in Central and Eastern Europe (CEE), the 65,000 sqm warehouse...

Chinese company KSHG Auto Harness leased another 13,000 sqm in Romania

CTP has leased 13,000 sqm of production space at CTPark Deva II in western Romania to leading Chinese automotive...

Hartmann has a new office in the Immofinanz myhive IRIDE project in Bucharest

Hartmann moves its office in Bucharest within the IRIDE Park project owned by Immofinanz.Hartmann leased a 500 square meters...

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