The Timișoara City Hall has approved the Zonal Urban Plan (PUZ) for a large-scale urban regeneration project by Țiriac Imobiliare, the real estate company owned by Romanian billionaire Ion Țiriac.
Solida Capital, a leading investment and asset management firm, announces the successful completion of its first office transaction in Romania, Victoria Center office building in Bucharest. This transaction marks a significant milestone for the firm as it enters the Romanian market, with the deal representing Solida Capital’s inaugural investment in the region. This development is part of the company’s strategic expansion into the Central and Eastern European (CEE) market.
Romania’s real estate sector has demonstrated resilience in 2024, with notable growth in the investment and industrial segments, despite macroeconomic challenges and political uncertainties, according to the latest Romanian Real Estate Market Overview 2024 by Avison Young.
Global Vision, a leading real estate company in Central and Eastern Europe, announces the appointment of Antoanela Comșa as Deputy CEO. In her new role, Antoanela Comșa will play a key role in defining and implementing the group’s strategic directions, overseeing major projects, and accelerating the development of the recently launched investment and development platform, which focuses on the residential, retail, and industrial sectors.
Important real estate leaders will take part, on February 28, 2025, in the 20th edition of the "Real Estate & Construction Forum". Organized by BusinessMark at the JW Marriott Bucharest Grand Hotel, the event will bring together some of the most important players in the industry, who will debate the current situation and prospects of the real estate market for 2025, within four panels focusing on the sectors: retail, industrial & logistics, office, residential.
Investors from Western Europe, particularly from Austria, the Netherlands, Belgium, and the United Kingdom, have been the most active buyers of real estate assets in Romania over the past five years (2019–2024), making investments totaling €1.75 billion, according to data from real estate consultancy Cushman & Wakefield Echinox. Their market share accounted for approximately 39% of the total transaction volume of €4.5 billion during the analyzed period.
Lion’s Head, real estate investment fund currently owning assets in Romania and Bulgaria, announces the lease agreement prolongation and extension with BNP Paribas, the leading bank in the European Union, within the Oregon Park premises in Bucharest. The recent transaction engages an overall leased area of 6,200 sqm, thus consolidating the existing headquarters and moving two further business lines of the group – Arval and BNP Paribas Cardif - to the premises.
The mergers and acquisitions (M&A) market in Romania recorded one of the highest levels in the last five years in 2024, according to an analysis conducted by Deloitte Romania. With 151 transactions of over 5 million euros, whose total estimated value is between 5.7 and 6.1 billion euros and 5.2 billion euros, without the mega-transaction through which PPC took over the renewable energy portfolio from Evryo Group, the local market last year approached the record level of 2022, when there were 155 transactions with an estimated total value of approximately 5.2 billion euros (excluding the two mega-transactions in 2022, which totaled 1.7 billion euros).
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