INVESTMENTS
Bucharest-listed One United Properties, the leading green real estate developer in Bucharest, will invest around EUR6 million to build two private schools in the area of Tei and Plumbuita lakes in Bucharest’s district 2. The company has also announced an agreement to sell its stake in One Herastrau Office S.A. in the Northern area of Bucharest, to a private investor. The value of the transaction amounts to EUR 21 million.
RETAIL
The developers of Belvedere Residence project in northern Bucharest have sold the shopping gallery part of the mixed-use compound to a private investor, in the largest transaction of high street retail spaces recently recorded on the local market, according to Cushman & Wakefield Echinox.
CONSTRUCTION
The number of building permits for residential buildings decreased by 23% in the first two months of 2023, the National Institute of Statistics (INS) data showed.
LOGISTICS
The Home, an online furniture and lighting retailer, which currently has two physical stores in Bucharest and Cluj, has leased around 8,000 square meters in Parcul Logistic Logicor Bucharest II, developed by a leading European owner and manager of logistics real estate.
