OFFICE
Office projects of more than 275,000 m2 are planned in the major regional cities namely Cluj-Napoca, Timisoara, Iasi and Brasov, in the next 5 years, according to the Cushman & Wakefield Echinox Office Market Regional Cities report.
RESIDENTIAL
In 2022, the number of housing units sold in Bucharest increased by 11% y-o-y, but the falling affordability and the restrictive interest rates whetted Romanians’ appetite for rents, a Colliers survey reveals.
COMPANIES
-Bucharest-listed One United Properties, the leading green investor and developer of residential, mixed-use and commercial real estate, derived RON1.2 billion consolidated turnover in 2022, up 4% y-o-y. The company acquired 5 hectares of land for a new mixed-use development, One Cotroceni Towers, in Bucharest’s District 5.
-Globalworth, the largest office market investor in Central and Eastern Europe (CEE) signed a lease contract for a period of over seven years in Globalworth’s Gara Herastrau Office Building with Rödl & Partner Romania, an international multidisciplinary consulting firm.
CONSTRUCTION
Managers in Romania estimate a relative stability of activities in construction according to the business tendency survey conducted by the National Institute of Statistics (INS).
