OFFICE
A significant correlation between sustainability certificates, higher energy performance, and office building market value has been confirmed in a report by conducted by CBRE in 19 European countries, including Romania. Due to its relatively young modern office stock, the cities analysed in Romania are among the top of those included in the CBRE study with an average share of over 70% of certified office stock – 60% Iasi, 70% Cluj-Napoca, 75% Bucharest, respectively over 80% Timișoara.
HOSPITALITY
France’s Accor, one of the world’s largest hotel group, has announced the opening of Swissôtel in Poiana Brasov, a popular ski resort in Romania, starting 2024.
CONSTRUCTION
Romania will extend grants to local construction materials producers under a 4-year scheme to be launched in 2024, with a budget of EUR 150 million, minister of economy, Radu Oprea announced.
INVESTMENT
Last year, Romania’s real estate and construction sector attracted approximately €1.2 billion of foreign direct investments (FDI), as the share of this economic activity in the overall FDI stock stood at 17.2%, according to data from the National Bank of Romania analyzed by the Cushman & Wakefield Echinox.
