Romania

P3 Logistic Parks announces contract renewals and extensions of some of the longest-standing tenants in the local portfolio, Logistic E Van Wijk and HOPI Logistics. Thus, the two companies are developing their logistics needs within the P3 warehouses and will occupy an area of ​​20,538 m² of logistics spaces and offices withi...

Mitiska REIM has announced the opening of a new retail park development in the city of Giurgiu, located in southern Romania on the banks of the Danube.

CTP has acquired an industrial portfolio of warehouses totalling over 100,000 sqm in Romania from French FM Logistic, a supply chain services company operating across Europe, which will continue as a CTP tenant for the long term.

VGP announced that it has a new tenant for VGP Park Bucharest North. Alaska Energies, one of Europe’s leading renewable energy companies, leases more than 8,000 m² for its logistics operations. The park has a prime location with direct access to important motorways and the city centre, and has been built with the highest stan...

Accor announces the opening of a new Mercure Hotel in Bucharest in the fall of 2023. The new opening follows the conclusion of a franchise agreement with local company SAB Serv Express SRL. The hotel will operate in a fully refurbished building on Dimitrie Cantemir Blvd, close to the old city centre.

The fashion retailer LPP has leased a 65,000 sqm facility at CTPark Bucharest West. The deal represents the first partnership between Poland’s LPP and CTP in Europe.

P3 Logistic Parks closed transactions for 78,000 m² of office and logistics space in Romania in the first nine months of this year. Of the total transactions, 34% are new long-term contracts (26,533 m²) and two thirds are short-term contracts or extensions of existing contracts (51,505 m²).

Globalworth has appointed Dennis Selinas as the new CEO of the Group. The Board of the company and Dimitris Raptis, CEO, have agreed for Raptis to step down from his role as CEO and as a member of the Board with effect from 31 December 2022, but he will continue to support Globalworth in an advisory role. Raptis joined the Bo...

GTC completed the City Gate Complex refurbishment project, following an investment of €3.5 million. The project started in 2021 and targeted two major directions for investment and implementation: common and leasable areas.

Globalworth Industrial is expanding its portfolio by purchasing, together with Global Vision, an industrial and logistics project with a total land area of 37.9k m² in Târgu Mureș.

Hagag Development Europe announces the consolidation of its management team by appointing Andrea Mihai as Chief Executive Office. In her current role, she is conducting the company’s operations in Romania, coordinating the development activity, drafting and overseeing the implementantion of the short, as well as medium and lo...

The retail park with a leasable area of 9,000 sq m was opened in Turda on the 22nd of September. It is the fourth retail facility by the Polish company Scallier, which is developing a network of retail parks in Romania. Previously, the facilities in Rosiorii de Vede, Focsani and Timisoara were commissioned. After the opening ...

In the last three months, contracts have been signed for the rent of over 6,200 m² in retail parks provided by the company in Romania. Pepco, KiK, Sportisimo, Penti, Elmark and Super Zoo are tenants who have signed contracts for the largest areas. In total, since the beginning of May this year, 11 new lease agreements have be...

P3 Logistic Parks announces the extension of the lease agreement with the transport and logistics operator SLS Cargo, which adds another 11,412 square meters to the area already leased, in a transaction brokered by JLL Romania. Thus, less than two years since the collaboration started, the area leased by SLS Cargo in the P3 B...

Hagag Development Europe received the building permit for the consolidation and renovation works on Știrbei Palace, its property located on 107 Calea Victoriei. The company has initiated the tender process for the selection of the general contractor and is making all the necessary arrangements to soon start construction works...

As inflation and debt costs in Europe continue to rise, investors in real estate are having to look harder for the returns they need, according to Savills. To help with this, the international real estate advisor has identified a variety of asset classes in 14 local markets that still offer 5%+ yields.

Nordis Group, the only developer of 5-star hotel and residential complexes in Romania, announces sales of 123.7 million RON in the first 6 months of 2022. This amount represents the value of pre-contracts for the sale of apartments in the 4 projects that Nordis Group has under development at this moment. The signing of the sa...

IHG Hotels & Resorts announces the signing of InterContinental Athénée Palace Bucharest, marking the return of the InterContinental Hotels & Resorts brand to Romania.