Prima Development Group, the developer of the internationally awarded Boemia Apartments and Core Timpuri Noi projects in Bucharest, purchased from Immofinanz a plot of land with an area of over 6 hectares, located on Șoseaua Gheorghe Ionescu Sisești. The developer also owns another 5-hectare plot of land in the same location and intends to build on these two plots the largest residential complex located on the shore of a lake in the north of Bucharest, with over 2,000 apartments and direct access to Lake Grivița. The gross development value for the project carried out on the two plots owned b ..read more

One United Properties announces that WNS, the business process management (BPM) company, will be relocating its headquarters to One Cotroceni Park, as of this April. WNS has 400+ employees in Bucharest and 60,000 employees in 16 countries around the world. WNS Romania subsidiary will occupy a generous space within One Cotroceni Park, the prestigious mixed-use development known for its Live/Work/Play philosophy. This strategic move aligns with WNS’s dedication to offering its employees an exceptional and modern workspace equipped with all necessary amenities to foster productivity and well-bei ..read more

Half of the real estate companies in Central Europe (49%) estimate investment to increase this year and only 19% expect a decrease (down from 51% in 2023), amid improving perception of growth potential in the market, according to Deloitte 2024 Real Estate Confidence Survey for Central Europe. Moreover, 40% of respondents anticipate market activity to increase this year, up from 15% a year ago, while the proportion expecting a decrease has fallen to 16%, from 57% in 2023. In this context, investors intend to focus on new investments (31%) or on raising funds for future projects (19%). One in t ..read more

OTP Bank Romania announces the conclusion of a financing agreement with Nusco Imobiliara, in a total amount of 31.4 million euros, for the construction of the first 3 buildings out of a total of 7 included in the second phase of the Nusco City residential complex, located in Pipera district, Bucharest, 5 minutes away from Promenada Mall. The second phase of the Nusco City project will include a number of 828 apartments (double studio, two, three, four room and exclusive duplexes), will cover an area of approximately 10,000 m2 of land and will have approximately 46,651 m2 built, including base ..read more

VAUNT, a sales management platform for the residential sector, has launched a new feature called Client Portal. This module gives home buyers real-time market value data on their properties. This feature helps strengthen the relationship between developers and clients and promotes broader access to information in the real estate market. VAUNT announces the launch of the module dedicated to clients of developers or real estate agents, Client Portal. This module comes as an extra resource for VAUNT’s developer customers, a benefit they can provide to their buyers. The most important market data ..read more

flydubai, the UAE-based airline, opens an office in Bucharest in the Eminescu Offices building through a transaction brokered by the Cushman & Wakefield Echinox real estate consultancy company. flydubai, founded in 2008, is a low-cost airline from the United Arab Emirates. Elena Iaru, Consultant Office Agency Cushman & Wakefield Echinox: ”We are happy to observe that the office rental market is appealing to companies from various fields of activity beyond the traditional ones such as IT&C, financial or professional services. As Romanians are showing a growing interest towards excl ..read more

Hercesa Romania initiates construction on the second phase of the Stellaris Residencias project near Bucharest’s Steaua stadium, with 125 apartments available for sale starting April 26, 2024. According to Romeo Ghica, Operations Manager at Hercesa Romania, the decision to start construction earlier than planned was influenced by the success of the first building, with 80% already sold, predominantly to end-users. “We started construction works on the second building in Stellaris Residencias two months earlier than initially scheduled, following our success with the first building, which is c ..read more

Imoteca – The residential experts – announces a significant expansion of its portfolio in Romania and the launch of consultancy and sales operations for the real estate market in Spain. In 2024, Imoteca strengthens its position in the real estate market in Romania with an additional 9 projects, adding to a portfolio of nearly 30 projects over two decades of activity in the Romanian market. “The year 2024 brings a wave of positive changes for Imoteca. We are in a new phase of sales and portfolio growth, both in the volume projects area and with boutique projects. We carefully select the partne ..read more

Engineer Adrian Vasilescu and businesswoman Raluca Negrea, two Romanian entrepreneurs, have launched a new start-up, Build21, a real estate company that applies blockchain principles and infrastructure to enable retail investors to access its real estate developments. “We founded Build21 with the goal of changing the Romanian real estate landscape by offering a new business model that actively involves, from the very early stages of the project, the three main communities interested in the success of any real estate development: investors, experts (architects, structuralists, builders), and t ..read more

Today’s employees are not just looking for a simple job, but for a work environment that offers them a complete experience and allows them to combine work with recreation and relaxation. According to a survey conducted by Genesis Property, out of 1,247 respondents representing multiple generations nationwide, nearly 61% of employees believe the ideal office should be in a campus with many amenities and options for office life and leisure time, with different spaces where they can work according to their needs. From a benefits perspective, working in an ideal office makes significant contribut ..read more