Romanian Real Estate News – 05/01/23

Romanian Real Estate News

INVESTMENTS

Last year, two records were noted on the market of transactions with income-generating real estate assets in Romania: for the first time the Romanian capital exceeded the foreign capital (cumulatively) and a Romanian investor, Pavel Holding (the owner of the DIY Dedeman brand), made the largest real estate transaction, according to the analysis performed by Fortim Trusted Advisors, member of the BNP Paribas Real Estate, Business Review-eu reported.

INFRASTRUCTURE

Romania’s design and consultancy company Metroul and Intergroup Engineering won four contracts worth RON 7.75 million lei (EUR 1.6 million) for feasibility studies for an expansion of the tram infrastructure of Bucharest, the capital city’s general mayor Nicusor Dan said on Thursday in a social media post. The tram infrastructure is to be expanded by roughly 15 km in order to connect key areas of the city, he added.