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Articles - land transactions

Land market remains robust in Romania, ending 2023 on a strong note

The volume of land sales for commercial real estate projects in Romania (excluding for industrial and logistics projects) declined by less than 10% from the 2022 level of 450 million euro, and remains considerably above pre-pandemic levels, according to Colliers estimates.

Local land market sees high interest, but future quarters may have reduced sales

The land market remained very active in the first half of 2023, reaching an estimated turnover of around 250 million euro. This volume includes only transactions involving land for commercial real estate projects in sectors such as residential, office, retail, without segments such as industrial or energy, reveals Colliers in its market report on the evolution of the real estate market in the first semester of this year.

The land market in Romania just had one of its most active years in history

The volume of land sales for commercial real estate projects in Romania (excluding for traditional industrial and logistics projects) reached approximately 450 million euros in 2022, down from almost c.800 million euros a year earlier, according to Colliers estimates.

PPF Real Estate buys 8,000 sqm plot of land from RC Europe

Czech real estate developer PPF Real Estate is in the process of acquiring a plot of land of about 8,000 sqm in the Orhideea area of Bucharest, from the RC Europe group, a transaction estimated at over EUR 10 million. The deal will be completed in about 2-3 months.

2021, record year for the Romanian land market, with over EUR 800 million worth transactions

The volume of transactions with land dedicated exclusively for residential and commercial projects (office, retail, hotel) saw last year its highest value since 2007. The market has increased more than two and a half times compared to the estimated volume of 310 million euros in 2020, according to Colliers data.

Investor Michael Topolinski to develop a mixed-use project on the site of the former Dacia Textile factory

A company managed by Michael Topolinski recently concluded a new sale-purchase contract for the 5.2 hectares land of the former Dacia Textile factory at a price of almost 18 million euros, over ten years from the first purchase, when he paid about 40 million euros for the factory assets, according to the documents analyzed by Profit.ro.

Immofinanz sold the land of a former industrial platform in Bucharest to One United Properties

Immofinanz, one of the most important real estate investors in Romania, has finalized the sale of the land of the former industrial platform Ventilatorul in Bucharest, with a total area of approximately 53,000 sqm, to One United Properties, a developer specializing in luxury residential properties.

Skanska and Prime Kapital discuss to buy the GRIRO platform

One of the biggest transactions on the real estate market in Bucharest, on the site of a former communist factory, is beginning to take shape: GRIRO, controlled by businessmen Nicolae Badea and Fatih Taher, selected two real estate developers to see if they can sell 11 hectares of land.

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