Romanian Real Estate News – Friday 04/11/2022

Romanian Real Estate News


The value of the largest real estate investments in Romania exceeds EUR4 billion in H2 2022 while the sector of logistics and industrial parks remains the most effervescent with projects engulfing investments worth over EUR500 million, according to ONV LAW.


Palas Campus, the largest office building in Romania the IULIUS Group is developing in the city of Iasi, has already been fully leased before its commissioning scheduled for the first quarter of 2023.


Turism, Hoteluri, Restaurante Marea Neagra, a company listed on the Bucharest Stock Exchange, has called its shareholders for a meeting on Nov. 29, to approve the lease or sale of assets on the Romanian Black Sea coast as part of a program to turn real estate assets into cash.


-The management of Bucharest-listed One United Properties, the leading investor and developer of residential, mixed-use and office real estate in Romania, on Thursday (Nov. 3) announced investors of the decision of the Board of Directors dated November 1 whereby it was approved the share capital increase by RON185.1 million.


-Romanian real estate developer Prime Kapital announced a large-scale urban regeneration project in the city of Cluj-Napoca, aiming to transform a 17.1-hectare industrial platform into a mixed-use multifunctional development, Wall reported.

-The Technical University of Cluj-Napoca (UTCN) is to receive RON 126 million in funding from the Government for the construction of the building that will host its laboratories dedicated to artificial intelligence research.