Romania

Hagag Development Europe started the construction works for the restoration, consolidation and refunctionalization of Știrbei Palace on Calea Victoriei. H Știrbei Palace is the company's first retail project, a concept designed to meet the specific needs of the premium market segment.

Elektrokontakt Romania is the new tenant in Mureș City Logistics, an industrial project in Mureș area. This milestone achieves a 100% occupancy rate for the strategically located facility developed by Globalworth and Global Vision.

NEPI Rockcastle’s €136 million Promenada Craiova development in central southern Romania officially opens its doors today. The retail scheme has attracted a host of international brands and is the largest retail development by size and investment value opening in Central and Eastern Europe in 2023, according to CBRE.

Griffes announces its partnership with Portland Trust to spearhead the leasing operations of J8 Office Park in Bucharest. This collaboration marks a significant milestone in the company’s growth, becoming the 8th building and a landmark property in Griffes portfolio.

The Level Apartments, the first urban development project built by Redport Capital in the Străulești area, has reached 40% of signed pre-contracts of the total number of apartments in Phase III, even before the start of construction. Conceived as a smart and sustainable residential complex, the entire project is developed in ...

CTP has delivered a warehouse of almost 10,000 m² in CTPark Bucharest North for the online liquor retailer FineStore.

Globalworth, the largest investor in the office real estate sector in Central and Eastern Europe, announces today a new partnership with CEO Clubs, a member of the elitist Superbrain community for top company management and one of the most important business networks in the country.

IHG Hotels & Resorts is driving the expansion of its lifestyle brand. Hotel Indigo makes brand debut in Romania. This latest signing delivers the lifestyle brand’s market debut in the Balkan nation and strengthens the brand’s presence in Eastern Europe.

According to Savills latest European Logistics Outlook, industrial investment volumes, which totalled €5.1bn, declined by 49% QoQ and by 73% compared to Q1 2022, which was notably a record high. Compared to the same period last year on a country-by-country, The Czech Republic (-3%), Ireland (-29%) and Portugal (-45%) recorded...

Moxy opens a new 131-guestroom hotel in Belgrade.

Globalworth announces today the signing of a lease agreement with Banca Transilvania. This agreement highlights one of the largest office leases in Romania this year, underlining the dynamic real estate market in the country and Globalworth's leading role within it.

Andrzej Wronski, Group Head of Asset Management for P3 Logistic Parks, will be taking over the role of Managing Director for P3 Romania starting 1st of July 2023 from Sinziana Pardhan, who decided to step down after six years of running P3 operations in the country. In this role, Andrzej will be responsible for leading the st...

Speedwell continues its ambitious national expansion plans and announces the acquisition of a new plot of land on the premises of the former 1 IUNIE S. A. textile factory. The new plot of land is located on 6, Peneș Curcanul street, close to Timișoara’s city center.

Globalworth announces the expansion and prolongation of Honeywell's lease in the BOC building, Bucharest. This extension, which covers a more than 24,000 m² of gross leasable area (GLA), reaffirms the longstanding partnership between Globalworth and Honeywell, a global leader in innovative technologies to make industries safe...

Globalworth has signed an agreement with eMAG, CEE’s ecommerce shopping destination, to set up its headquarters as a tenant in the state-of-the-art building Globalworth Square in Bucharest, one of the highest-ranked buildings in Globalworth`s portfolio.

Redport Capital and Mobexpert Group announce the completion of the concept design for the Infinity Nord project, a residential destination located in the Străulești area. This will be one of the largest urban regeneration projects in Bucharest, the total investment being estimated at €150 million.

Globalworth is announcing a new multi-year lease agreement. RetuRO Sistem Garanție Returnare (RetuRo), a company founded by beverage producers and trade associations to manage the deposit-return system, will expand its operations in Globalworth Campus A in Bucharest.

CTP Group is aiming to double the size of its pan-European network of business parks to 20 million sqm of GLA by the end of the decade, amid forecasts of continued strong demand for industrial and logistics space across Central and Eastern Europe.