Romanian Real Estate News – 19/12/23

Romanian real estate


-One United Properties, the leading green real estate developer in Bucharest, has announced in a stock market report on Monday (Dec. 18) the conclusion of a loan agreement with Alpha Bank Group, with a total value of up to €30.5 million, for One Gallery, a retail gallery based in northern Bucharest that is part of One Floreasca City mixed-use scheme. As part of the loan agreement, the developer also got a VAT credit facility of up to €4.6 million for the same project.

-The CEE-6 region (including Romania) anticipates increased hotel investment volumes, with several transactions expected to close by late 2023 or early 2024. This recovery is driven by robust hotel performance, especially ADR, and the anti-inflationary nature of hotel assets, according to Cushman & Wakefield’s CEE Market Beats.