Real estate


Carrefour announced the signing of an agreement with the Louis Delhaize Group, which involves taking over Cora's activities in Romania, including 10 hypermarkets and 8 Cora Urban stores, as well as taking over the approximately 2,400 employees.
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Forty Management has announced that it has started work on the development of Central District Lagoon City Bucharest, a self-sustainable, mixed-use urban redevelopment project, unique in Central and Eastern Europe. The value of the investment in Roma more »

The developer River Development announces the lease of a 3,780 sqm space to the Ministry of Transport and Infrastructure, in the London office building in Sema Parc, following an auction process in which it participated and was declared the winner....more »

River Development announces the lease of a space of over 1,000 square meters to the Affidea medical clinic, on the ground floor of the Berlin office building in Sema Parc. The transaction was brokered by Knight Frank Romania.
Affidea Romania, the...more »

Real estate owners and developers’ interest in sustainability has increased significantly in recent years, in an attempt to align to future trends and meet market demands, which reflects in a growing number of “green” certifications obtained ...more »

Nestor Nestor Diculescu Kingston Petersen (NNDKP) has assisted OTP Bank Romania and OTP Group in a EUR 57.80 million financing for Exigent Property Investment SRL to fund the development of phase 5 of Exigent Plaza Residence, the largest residentia...more »

Forty Management announces that the mixed-use development Central District Viitorului 134 has obtained the Green Homes certification from the Romania Green Building Council (RoGBC), which is awarded to a finalised real estate develop...more »

The legal conditions for extending the validity period of building permits, as per the Construction Law no. 50/1991, have been subject to several changes in 2022, shows an analysis by PeliPartners. ”The authorities acted to allow for one exten...more »

The Romanian industrial market is going through a period of significant growth and development. With record volumes and a steady upward trend, the market is attracting investors from all over the world and presents appealing opportunities for expan...more »

In 2022, the office market went through a period of stagnation. Demand values remained at the same level as in 2021, while deliveries of new space halved compared to 2021.
Total demand for office space in Bucharest stagnated compared to the previ...more »