Romania Archives

Globalworth expands its industrial activity in Arad and Oradea

Globalworth Industrial, Globalworth’s logistics and industrial sub-brand is expanding its portfolio by purchasing two industrial projects with a total area of 27,000 sqm. The value of the IPW Arad...

Investment Market

Industrial projects are investor favourites for Q1 in Romania

The real estate investment volume in Romania in the first quarter of 2021 totalled €98 million, 19 percent less compared with the volume registered in the same period last...

Office Leasing

AFI Europe starts refurbishment of Bucharest office project

AFI Europe Romania is investing around €1.6 million in the refurbishment of common spaces in the AFI Lakeview office project, in northern Bucharest. The building was taken over in...

General

HAGAG digitizes the sale process of its residential units

Real estate developer HAGAG Development Europe recently completed the implementation of Realpad Software, thus digitising sales operations for all residential units available in its ongoing projects H Pipera Lake,...

Green Building

Iulius Holding gets €72 million loan from IFC for green office complex

The International Finance Corporation (IFC), a member of the World Bank Group, will provide a €72 million loan to Romanian developer Iulius Holding for the construction of an eco-friendly...

Warehousing, Logistics and Industrial

Belgian developer WDP announces new logistic project in Transylvania

Belgian real estate developer and investor WDP has announced its financial results for the first quarter of the year, also revealing its investment plans on the Romanian market. The...

Investment Market

Innova Capital acquires Romania’s PayPoint with EBRD backing

The European Bank for Reconstruction and Development (EBRD) has arranged a loan of €25 million to finance private equity firm Innova Capital’s acquisition of PayPoint SRL, a payment services operator...

Office Leasing

ATOSS Software leases 2,000 sqm of office space in Vox Technology Park

ATOSS Software, one of the most important software companies active in the western part of Romania, leased 2,000 sqm of office space in Vox Technology Park from Timisoara. The...

Office Leasing

Rompetrol extends lease agreement in City Gate

GTC has renewed its lease agreement with KMG Rompetrol – management and support services division of the KMG International Group – one of the key players in the fuel...

General

XXXLutz leases WDP’s warehouse in Dragomiresti

XXXLutz leased 6,000 sqm in WDP’s A-class warehouse in Dragomiresti, North-West of Bucharest’s ring road. The new space will optimise the supply of its stores XXXLutz Militari and Pallady....

Finance

UiPath CEO Daniel Dines officially becomes Romania’s richest man

UiPath, the biggest robotic processing automation (RPA) company in the world, launched by two Romanian entrepreneurs in Bucharest in 2005, has set a price of USD 56 per share...

Retail News

IKEA starts work on its third store in Romania

Swedish group IKEA, the largest furniture retailer globally, has started building a new store in Romania, in Dumbravita – near Timisoara. This will be the third IKEA store in...

Tag: Romania