Large infrastructure investments, significant salary growth above inflation, a stable external economic context, and central banks’ victory in combating inflation are helping the Romanian real estate market maintain a favorable outlook. However, results are generally mixed, according to Colliers Romania experts in their market report for the first half of the year, set to be released at the end of the month.
SPEEDWELL, one of Romania's most active real estate developers, launches its 2023 Sustainability Report. The official ESG reporting document highlights, both the initiatives and main sustainability strategies developed, as well as the company's internal resources and its impact at all stages of development, from concept to project delivery.
Crane ChemPharma & Energy, a global industrial manufacturer and subsidiary of Crane Company, secured a lease for 3,000 square meters of production space within Industra Park Arad in Romania, developed by Oresa Industra. This transaction was brokered by the real estate consultancy firm Cushman & Wakefield Echinox.
Colliers announces the promotion of Alexandru Atanasiu to Head of Construction Services and Member of the Board of Directors. Previously, he held the position of Deputy Head of Construction Services and Asset Services.
The Romanian mergers and acquisitions (M&A) market recorded 124 transactions in the first half (H1) of 2024, with a total estimated value of USD 2.3 billion, down 6% in volume compared to the 132 transactions, estimated at USD 3.7 billion, recorded in the similar period of 2023, according to an analysis by EY Romania sent on Friday.
Real estate developers Globalworth and Global Vision are negotiating with the Belgian group WDP for the sale of three logistics parks they jointly own in Romania, according to sources in the market, a transaction that will represent the exit of Globalworth from the Romanian logistics market.
INATECH Group announces business of €8.5 million and a slight increase in all divisions in 2023, in a slightly uncertain economic context, where overall consumption has been tempered. INATECH's biggest increases have been recorded in the export segment, through which it aims for a more accelerated expansion in Central and Eastern Europe in the coming years.
A new trend is being observed in the logistics space industry. According to an analysis conducted by the developer and operator Transilvania Construcții, companies that rent storage spaces are increasingly requesting office spaces next to their logistics activities.
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