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Macroeconomic uncertainty, consumption contraction and interest rates are the main concerns for real estate investors

Macroeconomic uncertainty, consumption contraction, interest rates and also inflation are the main factors which may impact the Romanian real estate market, according to the real estate investors and developers who responded to the second edition of the Cushman & Wakefield Echinox “Real Estate Investors Sentiment Barometer”.

128 buildings in Romania BREEAM or LEED certified in 2023

A total of 128 buildings in Romania were BREEAM (Building Research Establishment Environmental Assessment Method) or LEED ( Leadership in Energy and Environmental Design) certified in 2023, 17% less than the record year of 2022

Vel Pitar SA leases 1,160 sqm office space in Vastint Romania’s Business Garden Bucharest

Vastint Romania is proud to have a new tenant for its office project, Business Garden Bucharest: Vel Pitar SA. The company, a member of the BIMBO GROUP, a world leader in bakery, will take up an area of 1,160 sqm, more precisely one floor in building B.

Edelstein to invest 60 million euro in Diamond project in Cluj-Napoca

Edelstein Group has started the development of a new residential complex in Cluj-Napoca that will be completed in three phases following an investment of €60 million.

2023 was a good year for local real estate, with a strong industrial market and lower investment activity

Romania’s real estate market prepares to end a “decent” year, with intense activity in the industrial sector, but also with a decline in economic dynamic and a significant decrease in investment market activity, as Colliers consultants predicted at the beginning of the year, in their report “Top 10 predictions 2023”.

Raluca Stanislav is the new Head of Business Development at Cushman & Wakefield Echinox

Cushman & Wakefield Echinox consolidates its team by recruiting Raluca Stanislav as Head of Business Development

LG Electronics România, the most recent tenant in myhive S-Park office building

CPI Property Group, one of the largest owners of income-generating real estate in Europe, has signed a lease agreement with LG Electronics Romania, for a period of 5 years – starting with the first quarter of 2024 – for an area of approximately 1,400 square meters, in the myhive S-Park office building. The leased space will be the local headquarters of LG Electronics Romania.

Sustainability Gains Ground in Europe: 34% increase in certified office take-up in H1 2023

CBRE, one of the global and national leaders in commercial real estate investment and services, has launched the third edition of their research report, 'Is Sustainability Certification in Real Estate Worth it?'. The report, conducted in 19 European countries, including Romania, confirms a significant correlation between sustainability certificates, higher energy performance, and office building market value.

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