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Articles - real estate investments

Investment volumes down at €588.5million in 2020, but Romania remains on the radar of investors

Romania’s commercial real estate investment volume ended 2020 with a volume of €588.5 million*, half versus 2019 but similar with 2015, a starting growth year, according to CBRE Romania Real Estate Market Outlook. For 2021, Romania remains on the radar of investors and the combination of limited supply and better than envisaged demand may trigger surprising movements in pricing.

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The Romanian investment market shows incredible resilience in face of the pandemic in 2020

In 2020, the total volume invested in real estate assets in Romania reached €914 million, a 28% increase compared 2019, illustrating the overall resiliency of the Romanian investment market during the Covid-19 pandemic, according to the Romania Investment Marketbeat launched by Cushman & Wakefield Echinox real estate consultancy firm.

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Office market in Bucharest, over 3.3 million sqm

With the end of the year approaching, the impact of the COVID-19 crisis on the global and local economies has become clearer. Despite of the unprecedented situation we are in and the strong blow it dealt to the economy, the Romanian investment market has performed better in the first three quarters of 2020 than in the whole 12 months of 2019.

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Real estate investments totaled EUR 395 mln. in H1

Romania's investment volume accounted for approx. EUR 395 mln. in the first six months of 2020, a value 17% higher  than the same period of the previous year, according to CBRE, leader in the real estate consultancy market. Office buildings were the properties most sought after by investors, accounting for 88% of the volume traded and other similar projects are available for sale, totaling over EUR 350 mln.

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HAGAG Development Europe receives certificate of urbanism for the restoration of Știrbey Palace

The real estate developer HAGAG Development Europe received the urbanism certificate in order to authorize the execution of construction works regarding the restoration, consolidation and refurbishment of the historical monument building Știrbey Palace.

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GTC invests over 70,000 euros in the five projects in Bucharest, in the context of COVID-19

The real estate developer GTC, active in six countries, has allocated a budget of over 70,000 euros for the five projects owned in Bucharest, in the context of measures ordered by the authorities and in agreement with the tenants, to prevent the spread of the new coronavirus.

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Health and safety measures and technology are on everyone’s agenda

The immediate impact of COVID-19 pandemic in the real estate market will be felt during the second quarter of the year while on the medium and long term the focus will be on health and safety measures as well as on technology, these are the main take away from the Romania Call Flash, organized by CBRE, the leader of the real estate consultancy market.

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Forty Management & Investments to reconvert building in Bucharest to office center

The Poșta Puișor building in Bucharest will be reconverted to office building, following an investment by the real estate developer Forty Management & Investments, a company founded in 2015 by Lucian Azoiței and Tudor Bădițescu.

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