Half of the real estate companies in Central Europe (49%) estimate investment to increase this year and only 19% expect a decrease (down from 51% in 2023), amid improving perception of growth potential in the market, according to Deloitte 2024 Real Estate Confidence Survey for Central Europe. Moreover, 40% of respondents anticipate market activity to increase this year, up from 15% a year ago, while the proportion expecting a decrease has fallen to 16%, from 57% in 2023.
Romanian and Swiss entrepreneurs and investors, members of the Switzerland-Romania Chamber of Commerce (CCE-R), have a new board of directors consisting of eight members, elected at a general assembly meeting on April 15, 2024 in Bucharest. Subsequently, on April 19, the new board of CCE-R elected a new chair, namely Adriana Cioca, managing director of Artemis Romania, part of Artemis Holding Switzerland.
2024 looks to be a very good year for strategic acquisitions in the land market, given the favorable long-term outlook.
Activity in the land market has slowed over the past year, but investor enthusiasm for Romania’s long-term potential remains stable. Demand for strategic land plots, which now can be secured at more interesting terms than in a highly active market, is growing, Colliers Consultants note. This trend is attracting the interest of major developers looking to strengthen their position in the property market.
Real estate investments in the first quarter of 2024 reached €205.75 million, up 33% from the same period last year, according to an analysis by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance. The top real estate segments attracting the most investments are retail, hotels second and industrial third.
Straco Real Estate and Baltisse announce the successful acquisition of a majority stake in SPEEDWELL, a premier real estate developer based in Romania. This strategic move solidifies Baltisse and Straco’s commitment to expanding their presence in Eastern Europe, leveraging SPEEDWELL’s established reputation and expertise in the region.
Argedava Novaci Agricultural Cooperative, which cultivates a total of 800 hectares of land in several counties around Bucharest, wants to invest 8 million euros in an onion storage and conditioning warehouse.
Maracana, a company specialising in transport, warehousing, logistics and distribution services, has renewed its lease contract for 5,000 sqm at the MLP Bucharest West logistics park.
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