RESIDENTIAL
Bucharest came out second in a ranking of the most affordable apartments in European capital cities and first among the largest city in the country, according to Kiwi Finance Real Estate Index data.
COMMERCIAL
A total of 868,000 square meters of industrial and logistics space were leased in Romania in January-September 2022, almost double y-o-y and already more than the entire 2021, CBRE Romania data showed.
COMPANIES
-Tel-Aviv-listed Hagag Development Europe, a developer of premium residential and office real estate, is expanding its presence in the Bucharest office space market, in the niche of small spaces.
-Urban Invest, a local developer of the Urban Plaza mixed-use project in the Transylvanian city of Brasov, will invest EUR25 million in building the first hotel under the AC Hotels by Marriott brand in Romania, Ziarul Financiar reported.
-Bucharest-listed One United Properties has obtained the building permit for One High District, a housing compound set to be built on an around 25,000-sqm land plot, of which more than 30% are green areas, located in the Floreasca-Barbu Vacarescu area in Romania’s capital.
-Austrian construction firm Strabag, which has been active on the Romanian market since 1991, has won a new contract in Romania, together with its associate partner Geiger, to build a 15.7 km section of A3 highway, between Campia Turzii and Chetani, worth EUR85 million.
