Romania Archives

Finance

Speedwell repays loan to BRD Société Générale following successful delivery of residential project

The €10.1 million loan Speedwell received from BRD Société Générale Group, for the development of the residential component of Record Park has been fully repaid before the maturity date,...

Retail News

Scallier starts development of Funshop Park in Focșani

In the second quarter, Polish investment manager Scallier started building Funshop Park in Focșani, a town of 100,000 people around 190 km from Bucharest. The centre is to comprise...

Residential

Marina Blu investment announced for Mamaia Black Sea resort

Real estate consultancy and brokerage company Green Alley announced a new project in its portfolio: Marina Blu, a premium development with 87-holiday apartments, positioned right in the centre of...

Hotels

Babes-Bolyai University buys hotel in Cluj-Napoca

The Faculty of Law of the Babes-Bolyai University purchased the Opera Plaza Hotel in Cluj-Napoca for RON 40 million (around €8.1 million), according to real estate agency RE/MAX Romania,...

Retail News

HORNBACH opens newest DIY store in Cluj-Napoca

The real estate team of bpv Grigorescu Stefanica advised international DIY group HORNBACH in connection with the development of its latest mega-store in Cluj-Napoca, Romania. The store is Hornbach’s...

Warehousing, Logistics and Industrial

Speedwell launches first industrial project in Bucharest

Speedwell, in cooperation with Belgian partner LCV, launched SpacePlus, its first project on the industrial market. SpacePlus comes with units for light industrial and/or logistical usage, addressing corporate tenants...

Romanian hotel market expected to make a full recovery by 2024

The hotel market was by far one of the most affected by the COVID-19 pandemic and is expected to reach a full recovery, in this context, by 2024. In...

Retail News

AmRest opens first Burger King restaurant in Brasov

AmRest, one of the largest European restaurant and foodservice platforms, opened the first Burger King restaurant in Brasov, central Romania, on Friday, July 9. The new restaurant can be...

Finance

One United Properties raises €52.8 million in IPO

Romanian real estate developer One United Properties has raised €52.8 million from its Initial Public Offering (IPO) on the Bucharest Stock Exchange (BVB) and reached a capitalization of €580...

Warehousing, Logistics and Industrial

Beltrame Group to invest €300 million in an eco-friendly factory in Romania

After a comprehensive feasibility study, AFV Beltrame Group, one of the largest producers of steel bars and special steels in Europe, will invest €300 million to build an eco-friendly...

Investment Market

Who manages the most valuable real estate portfolios in Romania?

Over €8 billion is the cumulated value of the local portfolios managed by the largest real estate investors active on the local market, according to the centralized data of...

Investment Market

Acquisition of Campus 6 office buildings in Bucharest successfully completed

At the end of 2020, the stock exchange listed S IMMO AG purchased two Class A office buildings of Campus 6 in Bucharest from the Swedish project development and...

Tag: Romania