The first half of 2024 ended with real estate transactions totaling 419 million euros in Romania, which represents a two and a half times increase compared to the volume of the same period last year, according to the Colliers report on the evolution of the real estate market in the first semester of this year. The outlook remains favorable, and with a significant volume of ongoing transactions, including some recent ones where owners want quick completion, reaching the €1 billion mark in 2024 seems an achievable goal, Colliers consultants say.
VGP NV has announced results for the first half of 2024. Compared to the first half of 2023, profit before tax has increased by 218%. The company has also concluded a record volume of new rental contracts.
The Belgian group Puratos, a world leader in the production of raw materials for bakery, pastry and chocolate, is preparing to significantly expand its operations in Romania by building a new factory next to the existing unit in Tunari, in the north of Bucharest. The investment, estimated at 10 million euros, aims to double the production capacity and strengthen the position on the local market.
CTP, Europe's largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), announces the launch of its first CTBox building in Romania, located within the largest industrial park in Central and Eastern Europe, CTPark Bucharest West.
CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), is pleased to announce the appointment of Karel Stransky as its new Group Business Development Director.
VGP, a European provider of high-quality logistics and semi-industrial real estate, signed a lease agreement with Miele Tehnica Brașov, a subsidiary of the German Miele group, for 2,000 square meters, within VGP Park Brasov.
The number of commercial properties acquired by Romanian investors is by far the highest in the top ten. 12 properties were acquired between the beginning of the year and the end of August 2024, with prices ranging from EUR 1.4 million to EUR 44.7 million. The Iride office complex in the Pipera district of Bucharest is the most significant acquisition this year by a Romanian investor, Alin Niculae, shows the latest FORTIM Study.
Cargus announces that the Cargus Mobile App has exceeded the threshold of 1,5 million downloads since its launch, making it one of the most accessed apps in Romania.
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