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Articles - dezvoltari imobiliare

Challenging times for homebuilders and real estate companies

Construction and real estate sectors are among the most cyclical sectors. Sensitive to changes in the labour market, prices in commodities and, first and foremost, the interest rate environment and accessibility of credit, they are currently under strain. And things are unlikely to get any better in 2024, according to a survey by Coface.

Primavera Development is developing 35 villas in the Green Lake residential project, in the north of Bucharest

The real estate developer, Primavera Development, specialized in bold and architecturally distinct real estate projects, is starting the construction of a new phase of the residential project Green Lake, located in the 1st district of Bucharest, with an estimated investment of approximately 30 million euros

The largest business hub in western Romania, in Iulius Town Timișoara

The largest business hub in the western part of the country, developed by IULIUS Company in the Iulius Town mixed-use complex, brings together some of the world’s strongest ‘intelligence’ providers in the automotive and technology industry.

SPEEDWELL strengthens its position on the local market through new acquisitions, developments and product sales

SPEEDWELL, a reference player in the Romanian real estate market, announces the projects carried out in 2022 and the development plan for the new year.

White Star Real Estate partnering with Griffes for leasing and marketing operations of Liberty Technology Park in Cluj-Napoca

Apart from the residential phase, that is already under construction and will totalize 268 residential units to be delivered in 2023, White Star Real Estate is planning to launch the next phases of the development, that will imply a total investment of 75mil. Eur. The projects will be erected on available land of 20,000 square meters and will include 32,000 square meters of office space within three buildings, a kindergarten and 5,000 square meters of commercial facilities.

Prime Kapital and MAS plan to invest almost 2 billion euros in Romania’s real estate market by 2029

Prime Kapital, an integrated real estate developer and investor, and its investment partner MAS PLC, a green property investor and operator focused on retail properties in CEE plan to invest 1,97 billion euros in retail, office, and residential developments in Romania, by 2029, after having secured over 1,5 million square meters of development GLA/GSA.

Increasing construction costs, the biggest challenge of 2022 for real estate companies in Romania and other countries in the region

The increase in construction costs represents the biggest challenge of 2022 for 90% of the real estate companies in Romania and in other countries in this region of Europe, according to the Deloitte Real Estate Confidence Survey for Central Europe 2022, conducted in the second quarter of this year in Romania, Poland, the Czech Republic and Hungary.

Campeador contracts a financing of EUR 4.5 million from CEC Bank for a mixed-use project in Timisoara

Campeador City will reunite in total eight blocks of flats with one, two and three rooms, and an office building, which will also include commercial spaces and a kindergarten. The project will be developed in four stages.
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