Vastint Romania, part of the VASTINT Group, an international business with more than 35 years of experience in real estate, has signed a new lease with Tchibo Brands Romania, which will relocate its offices to Business Garden Bucharest, Building A, 4th floor, on an 1,130 square meter space.
CTP, the largest listed developer, owner and manager of industrial and logistics space by gross lettable area (GLA) in Europe, has signed a new strategic partnership with Compania Nationala “Posta Romana”, Romania’s state-owned postal operator.
The number of Revolut retail customers in Romania increased by 28% to 4.3 million in 2024, Revolut said in a statement.
Romania’s real estate market had a good start of the year, with a total investment of EUR169 million in the first quarter, real estate consultant CBRE data show. This is more than double the previous quarter and almost the same as in the corresponding quarter of last year, showing investor interest in local assets is steadily returning.
Bucharest hotel market had a solid performance in 2023, further recouping the declines suffered during the pandemic in terms of RevPAR and occupancy rate, while the daily average tariff exceeded the threshold of EUR100/room, according to real estate consultancy Cushman & Wakefield Echinox.
Law firm Schoenherr has assisted Greek group Eurobank in completing the deal with APS Group for the sale of IMO Property Investments Bucharest.