REIT legal initiative submitted in the Romanian Parliament Following the joint initiative of Bucharest Real Estate Club – the main industry’s association – and Bucharest Stock Exchange to promote the regulation of Real Estate Investments Trusts (REIT) on the Romanian market, the legal initiative was submitted in the Parliament earlier this month. 22.04.2024 REITs are investment vehicles which facilitate the access of individuals and legal entities to a diversified portfolio of real estate properties. Through these entities, investors can access and invest in real estate in a simplif ..read more

River Development has a new Managing Partner 17.04.2024 River Development, one of the local real estate developers, has a new Managing Partner, in the person of Oana Rădulea. Oana thus takes over the executive management of the company, from the former Executive Director, Liviu Birău. Oana Rădulea has over 21 years of experience in the local and international real estate development industry. Before joining the River Development group of companies, Oana held for 7 years, the position of Leasing & Business Development Director at White Star Real Estate, a real estate developer active ..read more

InteRo Property Development starts +EUR 170 million investments this year in Northern Bucharest Genesis Property, one of Romania’s leading office building owners, and HP Inc. Romania have signed a 5-year lease extension for 7,000 square meters of office space in YUNITY Park. HP Inc. Romania will thus reach 24 years of presence in YUNITY Park, offering employees unique workspaces and facilities for office life and leisure, aligned with today’s and tomorrow’s trends. Liviu Tudor, Genesis Property President “HP Inc. has chosen YUNITY Park for the next 5 years, reinforcing our pa ..read more

Redport Capital announces  Oriol Casellas Deig as the new CFO Redport Capital, founded in 2016 by Cosmin Savu-Cristescu and specialized in construction, investments, development, and real estate project management, announces the appointment of Oriol Casellas as Chief Financial Officer. The appointment of Oriol Casellas as Chief Financial Officer of Redport Capital comes as a significant addition to the leadership team of the holding, strengthening expertise and internal resources dedicated to growth strategies and diversification of the investment portfolio. Oriol Casellas’s experti ..read more

Șimon, Iuga & Partners advised Sika Romania in identifying a storage space in Bucharest The Swiss construction materials company Sika, leader on the Romanian market in the business segment it covers, is expanding its operations in Romania following the signing of a lease agreement for 4,500 sqm of logistics and office space in ELI Park 4, project located in the northwest area of Bucharest. Laurențiu Stefanescu, General Manager of Sika Romania Being close to our customers in any way possible is one of our priorities. Bucharest and the surrounding area represent the largest market ..read more

New developments in sectors 4 and 5 One United Properties buys Rocar platform, Sector 4 City Hall announces the start of new metro line project connecting Gara de Nord with Gara Progresul. One United Properties announced today it has concluded a memorandum of understanding for the acquisition of a 21 hectares plot of land located on the former Rocar platform, in sector 5. The developer plans a large scheme on the plot, comprising 5,000 apartments, “the largest development in the company’s history”. The new development targets approximately 5,000 units, master-planned as a small, self ..read more

New developments in sector 4 One United Properties buys Rocar platform, Sector 4 City Hall announces the start of new metro line project connecting Gara de Nord with Gara Progresul. One United Properties announced today it has concluded a memorandum of understanding for the acquisition of a 21 hectares plot of land located on the former Rocar platform, in sector 4. The developer plans a large scheme on the plot, comprising 5,000 apartments, “the largest development in the company’s history”. The new development targets approximately 5,000 units, master-planned as a small, self-sustai ..read more

InteRo Property Development starts +EUR 170 million investments this year in Northern Bucharest InteRo Property Development has received the building permit for Pajurei 3 Residence, with construction works to begin in the following weeks. The developer also expects to receive the building permit for SunLight Residence, a residential project in Tunari area, in the following months. InteRo Property Development will soon close the acquisition of MoonLight Meadows, a 4.5-hectare plot of land in Otopeni area with a PUZ. The large-scale residential project has an estimated investment value of ..read more

HP extends the partnership with YUNITY Park Genesis Property, one of Romania’s leading office building owners, and HP Inc. Romania have signed a 5-year lease extension for 7,000 square meters of office space in YUNITY Park. HP Inc. Romania will thus reach 24 years of presence in YUNITY Park, offering employees unique workspaces and facilities for office life and leisure, aligned with today’s and tomorrow’s trends. Liviu Tudor, Genesis Property President “HP Inc. has chosen YUNITY Park for the next 5 years, reinforcing our partnership of over 20 years and our shared mission to ..read more

A five-year new lease for Yusen Logistics (Romania),  assisted by CBRE Romania Yusen Logistics, a leading global logistics provider, has secured a lease agreement for a substantial area of 19,000 sqm within CTPark Bucharest, assisted by CBRE, the global and national leader in commercial real estate investment and services. Located in a strategic area, in the western part of Bucharest, the logistics hub will serve as a regional distribution center for the automotive industry. With the support of the CBRE expertise team and the landlord, Yusen Logistics (Romania) will benefit from com ..read more