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Residential Market News

Studium Green completes acquisition of a portfolio of 100 real estate assets from Immobiliare Italo Romena

Reff & Associates and Deloitte Romania provided assistance to Studium Green, the real estate developer from Cluj owned by businessman Dorin Bob, in the acquisition of a portfolio of 100 buildings and properties from Immobiliare Italo Romena, a subsidiary of the former Italian bank Veneto Banca (since 2017 in state of compulsory administrative liquidation).

Investment of 80 million euros in The Lake Home residential complex in Sibiu

The developer Novarion SA launched this month the first building, a block of flats with 42 apartments, from The Lake Home project, located on the shores of Binder Lake in Sibiu. The project has attracted around € 3 million through two rounds of financing from the Meta Estate investment fund, and is based on innovative concepts, including cryptocurrency payments through Utrust.

Genesis Property begins the transformation of Novo Park into YUNITY Park, a campus for the work and lifestyle of the future

Genesis Property, one of the leading Class A office developers in Romania, starts the transformation of Novo Park, located in the northern part of Bucharest, into YUNITY Park, a new real estate concept that will encompass new facilities for the working and urban living trends of the future in a unique space.

Anchor Group to launch newest project Select Residences in Bucharest

Anchor Grup, one of the top players on the real estate market in Romania, announces Select Residences, its newest premium residential complex in the company’s portfolio, after a planned investment of 40 million euros.

Revetas Capital to buy Romanian Maurer Group

The Romanian Competition Council said it was assessing the transaction through which Revetas Capital Fund III intends to take over domestic residential developer Maurer Group.

NORDIS Group announces start of deliveries for Nordis Mamaia hotel and residential complex

Nordis Group, a real estate developer of premium hotel and residential complexes, officially announces that in July of this year, the delivery of the hotel and residential units from the first stage of the Nordis Mamaia complex will start. By the end of the year, the developer estimates that it will hand over up to 1,000 properties from its beachfront project.

Cushman & Wakefield Echinox: The total value of the appraised assets increased by 40% in 2021 due to adding larger projects in the portfolio

The valuation department of the Cushman & Wakefield Echinox real estate consultancy company appraised over 380 properties with a total value of 5.5 billion euros in 2021. The valuation department’s portfolio increased by 10% in terms of the number of properties, while the total value of the appraised assets increased by 40%, due to adding larger projects in their portfolio.

The largest number of homes under construction in Bucharest in history. Transactions increased by 16% in the first quarter

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.

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