The number of active mandatory home insurance policies (PAD) in Romania increased by 14.41% in 2024, reaching approximately 2.34 million, compared to 2.04 million policies recorded on December 30, 2023, according to data from the Natural Disaster Insurance Pool (PAID), the entity responsible for issuing this insurance.

As of the end of December, urban areas accounted for 71.5% of all active PAD policies, while rural areas made up 28.5%. Regarding the type of insured dwellings, 94.2% of PAD policies cover type A homes—those with reinforced concrete, metal, or wood structures, and external walls made of stone, burnt brick, or materials treated thermally or chemically. The remaining 5.8% cover type B homes, characterized by external walls made of unburnt brick or untreated materials.

Mandatory home insurance premiums remain fixed at RON 130 for type A dwellings, providing a maximum insured amount of RON 100,000, and EUR 50 for type B dwellings, covering up to EUR 50,000. The continued growth in policy numbers underscores the increasing awareness and adoption of insurance against natural disasters.

AFI Europe, which acquired the former Bancorex headquarters from Immofinanz (part of CPI Property Group) in August for EUR 27.5 million, has announced plans to partially demolish and renovate the iconic building. The project marks a significant transformation for what is considered the first modern office building in Bucharest.

The property spans 31,000 square meters, but following redevelopment, the usable area will be reduced to approximately 26,000 square meters, encompassing both office and commercial space. “The building is slated for partial demolition and redevelopment, with all necessary planning permits already secured. Construction is expected to commence in early 2025,” the company confirmed in a statement.

The planning authorization for the project is valid for 24 months, with the construction phase estimated to take 36 months. Upon completion, the project will revitalize a historic part of Bucharest’s commercial landscape while adapting it to modern standards.

Entrepreneurs Dragoș and Adrian Pavăl, owners of Dedeman, are entering a new market, the commercial space rental market, preparing a large-scale investment in Iași, which aims to build commercial buildings that will be rented out.

The area where the shopping complex will be built is undergoing urban reconfiguration. Nearby is the Silk District complex and the future Kaufland retail park, along with a residential project.

The Dedeman chain has 62 stores spread across all counties of the country, except Teleorman and Giurgiu. Last year, only two stores were inaugurated: one in Craiova near Promenada Mall and another in Petroșani. The DIY chain also benefits from 5 logistics centers, its own fleet of vehicles and has over 13,000 employees.

Source: Profit.ro

The famous Moldomobila factory will be demolished, after the demolition permit was issued by Iași City Hall. In total, 87 buildings and platforms will be decommissioned. On the site, Kaufland will develop a retail park, and on a plot on the eastern side, blocks of flats will be built by a partner of the retail chain.

The land consists of six plots: three of Kaufland and three of the Arhiconstruct company. The retail chain acquired the land in 2020 for an amount that exceeded the threshold of EUR 10 million.

The decommissioning of the buildings will be done piece by piece, from top to bottom, with simultaneous demolition on two or more levels on the same vertical or starting demolition from the base of the building prohibited.

Source: Profit.ro