Romanian Real Estate News – 26/01/23

Romanian Real Estate


In 2022 Bucharest’s office space market went through a period of stagnation with the demand for space staying at the same level as in 2021, while deliveries of new space halved compared to 2021, according to an analysis by real estate consulting firm JLL.


The biggest number of mergers and acquisitions of 2022 were clinched in the real estate field, with almost 60 of the 157 deals of above EUR5 million reported coming from this area, with a value of over EUR1.7 billion of the estimated market total of EUR6.5-7.5 billion (26%), a Deloitte Romania analysis revealed.


Polish clothing manufacturer LPP, which manages five recognisable brands: Reserved, Mohito, House, Cropp, and Sinsay, has leased 65,000 square meters of warehouse space in CTPark Bucharest West, the largest logistics park in Central and Eastern Europe serving regional markets.


Bucharest-listed TeraPlast, a building materials manufacturer controlled by Dorel Goia, is investing around EUR15 million in a new factory and a photovoltaic plant this year.