One United Properties has announced that DP World Romania, a global logistics and supply chain solutions player, is expanding its business operations within Romania and is opening an office in the One Cotroceni Park class A office building. The new lease agreement followed an efficient real estate process led by CBRE Romania and spans a term of 10 years, covering a surface area of 700 square meters. Trade is the lifeblood of the global economy, creating opportunities and improving the quality of life for people around the world. DP World exists to make the world’s trade flow better, changing ..read more

VGP, a European provider of logistics spaces and semi-industrial real estate, has initiated the construction of the third building in VGP Park Bucharest North (A3). Building A covers an area of ​​25,950 m2 and has already two significant tenants, who have signed lease contracts for a total of 8,158 m2. This achievement underlines the attractiveness of the project. Through modern and sustainable facilities, Building A will provide high-quality logistics space and an optimal working environment for its clients. This building will be equipped with heat pumps, ensuring high energy efficiency and ..read more

Companies leased approximately 200,000 sq. m of industrial and logistics spaces in Q1, the demand being primarily generated by manufacturing companies, FMCG and logistics operators, according to data from the Cushman & Wakefield Echinox real estate consultancy company. Romania ranked second regionally in terms of the Q1 demand, after Poland, the uncontested leader in the Central and Eastern Europe, while surpassing Czechia, Slovakia and Hungary. 160,000 sq. m were transacted in Czechia, while 109,000 and 107,000 sq. m of industrial & logistics spaces were leased in Hungary and Slovaki ..read more

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