Romanian Real Estate News – 13/01/23

Real Estate News Romania


Of the over 4.3 million square meters of offices in Romania, almost 730,000 are in the hands of four Romanian companies, Ziarul Financiar reported.


The volume of transactions with commercial real estate assets worth at least EUR5 million totaled around EUR1.25 billion in Romania in 2022, up 40% y-o-y, of which almost EUR600 million represents the volume transacted in the fourth quarter of 2022 alone, an analysis by real estate consulting firm JLL reveals.


The Embassy of Saudi Arabia in Bucharest relocated its Official Headquarters to an iconic building in Dorobanti area of Bucharest, in the vicinity of the Charles de Gaulle Square.


-Real estate developer Globalworth, one of the leading investors in office space in Central and Eastern Europe, has signed financing contracts for two new credit facilities worth EUR160 million, with Austrian banking giant Erste Group, through Erste Group Bank and local lender Banca Comerciala Romana (BCR).

-Brick maker Cemacon Cluj-Napoca notified the Bucharest Stock Exchange of the start of the acquisition of Euro Caramida, a maker of ceramic blocks for construction, based in Bihor County, Romania.


Investment fund Transilvania Investments puts six hotels rated 2, 3 and 4* located in the seaside resorts of Eforie Nord and Eforie Sud for auction starting with January 25, 2023, according to representatives of the fund.


The Ministry of Finance has established a ceiling of RON 1.5 billion for guaranteeing real estate loans under the government programme New Home in 2023. Launched in 2009 under the name of Prima Casa (First Home) the programme has so far collected 330,875 guarantees and guarantee promises totaling RON 31.3 billion.