Romanian Real Estate News – 23/11/22

Romanian Real Estate News

RESIDENTIAL

-Romanian’s residential sector will likely see record deliveries in 2022, as the strong increase in authorized areas in the third quarter canceled the decrease in the first part of the year, according to Colliers.

-The alarming increase in interest rates, the inflation, as well as the energy crisis have caused requests to purchase housing to drop in recent months in Romania, a study by ValorEasy revealed.

OFFICE

Paval Holding, owned by Romanian entrepreneurs of local DIY chain Dedeman, has signed the contract for acquiring for EUR 377 mln the portfolio of seven office buildings in Bucharest held by Austrian real estate developer CA Immo, Ziarul Financiar reported on Wednesday (Nov. 23). The acquisition makes Paval Holding the city’s second-largest office landlord.

RETAIL

In 2021, major retail networks registered overall turnover almost 20% higher than in 2019, according to Romania Retail Snapshot survey conducted by Cushman & Wakefield Echinox.

LOGISTICS

CTP, owner, developer and operator of logistics and industrial real estate by gross lettable area, has welcomed Germany’s Diehl Controls, a global high-tech manufacturer, as the maiden tenant at its new 50,000 sqm business park at the city of Brasov in central Romania

ARCHITECTURE

Bucharest-listed Impact Developer & Contractor, announced the establishment of its own architecture and design firm – Impact Alliance Architecture (IAA).

 


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