Griffes real estate advisory firm reports a record-breaking 85,000 sqm of office space transactions in 2024. Griffes’ activity outside Bucharest accounted for 25 percent of its total transaction volume, with Cluj-Napoca leading the way. This city continued to attract investments, […]
Rising average incomes outpacing price growth has improved housing affordability in Romania, setting it apart from other Central and Eastern European (CEE) countries such as Poland, the Czech Republic, and Hungary, where prices and rents have experienced significant increases, according […]
International Workplace Group (IWG), leading provider of hybrid working solutions with brands such as Spaces and Regus, is opening a flexible workspace in Bucharest. Located in the Vastint Business Garden building, this new location is part of International Workplace Group’s […]
Real estate developer Nusco has signed a partnership agreement through which Hyatt will open its first hotel unit in Bucharest, in one of the largest urban regeneration projects in Romania – Nusco City. The Hyatt operator is entering the Bucharest […]
This year has been a mixed bag for Romania’s overall achievements and results, with both robust infrastructure activity, a strong recovery in real estate investments, and an economy that underperformed due to lower-than-expected GDP growth, according to Colliers consultants. While […]
NEPI Rockcastle announces it has started the permitting process for the development of Galati Retail Park, a mixed-use scheme in Galati, which includes 40,900 sqm of retail and 21,500 sqm of residential units. The expected date for obtaining the building […]
RIVUS, the industrial reconversion and urban regeneration project proposed by IULIUS in Cluj-Napoca, is currently in the building permitting phase and Cluj-Napoca. The investment estimated upwards of 500 million Euro by companies IULIUS and Atterbury Europe will include Auchan as […]
Consumption levels reached an all-time high in 2024, with the retail market showing significant potential for further growth if current trends persist, according to Colliers experts in their analysis of the sector. Eurostat data reveals a 13 percent year-on-year increase […]
Leroy Merlin Romania, one of the leading players in the DIY market, has leased 8,800 sqm within CTPark Bucharest West, strengthening its logistics operations in one of Europe’s most significant industrial hubs. Leroy Merlin, part of the French ADEO Group, […]
Techbolide, the software and IoT technologies developer specializing in waste management and business process digitalization, has announced its relocation to the office complex Business Garden Bucharest. As Techbolide’s activities intensified, the team has grown substantially, tripling its employee number in […]
