Over 27,000 homes are under construction at this moment in Bucharest and its surrounding according to a report released by real estate consultant SVN Romania. This is the largest number of dwellings under construction in the region in the modern history of the local residential market.
Arctic, the leader of the local home appliances market, opens a regional spare parts hub in Arges County that will serve 23 countries, as part of the Arçelik Group’s development strategy in Romania and in the region.
After the initial concerned outlook on the future of the real estate market in connection with the health crisis’ all-encompassing effects, the second year of the pandemic has allowed us to draw some better informed conclusions.
VGP, a European provider of high-quality logistics and semi-industrial real estate, has published its Corporate Responsibility Report 2021. The report details VGP’s achievements and progress against its previously set targets and underscores the company’s commitment to strengthening sustainability efforts across its day-to-day business.
Globalworth announces the signing of a strategic partnership with CATTED for the light industry and logistics area, mainly focused on the “small business units” segment. The partnership, with Globalworth as the majority shareholder, initially involves the acquisition of a land of approximately 45,000 sqm in Ștefănești, ideal for a logistics development, as well as the takeover of a small business units logistics project previously developed by CATTED in Chitila.
The local real estate market has rapidly adapted to the new social and business environment, largely countering the imbalances stemming from the restrictions imposed during the state of alert. Moreover, we can notice an upward trend in all market segments, even though there are still a few challenges, such as the increasing prices for construction materials, utility costs, inflation, decreasing purchasing power and also finding the best levers to get employees back to their offices.
CTP, the largest owner and developer of industrial and logistics space in Romania, strengthens its management team and appoints Răzvan Danciu as Head of Property Management for its portfolio of over 2.1 million square meters owned in 15 cities across the country.
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