Romania remains the European country with the highest number of house and apartment owners, according to official statistics, and although interest in buying a property remains high, a significant proportion continues to live in rented accommodation. 13 percent of Romanians […]
AFI Europe appoints Luciana Giurea, former General Manager of the AFI Ploiești shopping center, as the Head of the Residential Division. In this role, she will oversee all residential real estate projects – for rent or sale –in Romania and […]
Leading hospitality group Accor expands its portfolio in Romania with the signing of a new franchise agreement with Paradis Hotels & Resorts for the conversion of the Dana Holiday Club into the new ibis Styles Venus. Set to open doors […]
Cascade Group, a family office with foreign capital and over two decades of experience in the real estate, investment, and financial field in Romania, announces the launch of the Cascade Capital division. Through this initiative, the Group aims to invest […]
IMPACT Developer & Contractor, the first real estate developer listed on the Bucharest Stock Exchange, ends 2023 with a preliminary consolidated turnover of 169.4 million RON, a net profit of 34.9 million RON and a gross margin of 39 percent. […]
International Finance Corporation (IFC) has provided a 150 million Euro investment with sustainability-linked features consisting of a syndicated loan facility and a convertible instrument to Lion’s Head Investments (LHI), a commercial property platform in Bulgaria and Romania. Lion’s Head currently […]
IWG, the world’s largest provider of hybrid work solutions, aims to open 1,000 new locations globally amid significant growth in demand from companies and employees seeking hybrid work spaces. During 2023, IWG nearly doubled the number of newly added spaces […]
One United Properties posts a preliminary consolidated turnover of 306.6 million euros for 2023, a 30 percent increase compared to 2022. The gross profit reached 105.9 million euros, a 9 percent increase excluding the one-off gain from Bucur Obor’s purchase […]
VGP, a European provider of logistics and semi-industrial real estate, announces the results for the year ended 31 December 2023. The company reported a net profit of 87.3 million Euro, an increase of 209.8 million Euro compared to 2022. VGP […]
2023 ended with one of the best results since 2011 in terms of deliveries of new modern retail projects, adding around 220,000 square meters to the total retail surface, more than double compared to the past couple of years, according […]
