Romanian Real Estate News – Friday 28/10/2022

Romanian Real Estate News


Romanian business managers expect a steep increase of prices in the processing industry, constructions and trade, as well as a falling number of employees in constructions and more employees in trade between October-December 2022, a survey conducted by the National Institute of Statistics reveals.


Alpha Bank Romania, part of the Greek Alpha Bank Group, will relocate part of its operations to Bucharest’s City Gate North Tower from January 2023, where it will occupy 5000 square meters, i.e. more than 10% of the total office building area, GTC, a leading real estate company in Central and Eastern Europe, announced. The City Gate Complex includes two tower buildings (ground floor + 18 floors), located in ​​Piața Presei Libere area, and has a total leasable space of ​​47,700 square meters. Both towers have LEED GOLD Certification.


New City Romania is the first Romanian-Ukrainian real estate agency, providing services for Ukrainian investors who want to buy property on the local market. Founded by Denys Sedakov and Dumitru Mocanu, the agency collaborates with several residential projects such as Cosmopolis, Greenfield, Aqua City, City Point, Luxuria Residence, Nusco City, Win Herăstrău, Up-Site, City Gardens, Confort Nord, Herăstrău Boutique, My Corbeanca, New Point, Onix Park, Elements by the Lake, or Avangarde Forest.


Logicor, a leading European owner, manager and developer of logistics real estate, has completed the development of c. 21,200 sqm prime warehouse space in the Logicor Bucharest II Logistics Park, 10 km northeast of Bucharest city centre.