A block of 523 apartments located on 6-8 Garii de Nord Street is to be consolidated using an innovative solution, so that it is not necessary to relocate all residents, announces the mayor of the capital, Nicușor Dan. The building in sector 1 of the capital hosts approximately 900 people.

“The works will be supported by an innovative consolidation solution, without relocating all residents. The expertise has been carried out, and the feasibility study is almost completed. The project is financed with RON 130 million through the PNCCRS, the program of the Ministry of Development. The estimated duration for the completion of the works is 48 months,” mentions Nicușor Dan.

“The expertise will propose at least two intervention solutions (the minimum and the maximum variant) on the building in question, substantiated by detailed calculations. The entire expert assessment process will take 2 months. Based on the results of the investigations, the experts will try to identify intervention solutions for consolidating the building that would apply strictly to the lower levels of the building. In this way, there would be no need to relocate all the tenants in the 6 apartment buildings, and the consolidation works could be completed faster,” the AMCCRS website stated.

Source: Profit.ro

Eurobank Group, which divested Bancpost to Banca Transilvania five years ago, is now exiting the Romanian real estate market entirely. The group has agreed to sell IMO Property Investments Bucharest, the entity responsible for managing and selling its remaining real estate assets in Romania, to APS Group, a leading asset management firm in Central and Eastern Europe.

The transaction, signed in November 2024, is expected to close in the first quarter of 2025, pending regulatory approvals. This sale marks the final step in Eurobank’s strategic withdrawal from Romania.

APS Group, a major player in alternative asset management across Central, Eastern, and South-Eastern Europe, brings extensive expertise to the table. The firm operates through 15 regional offices and manages over 100 portfolios with a nominal value exceeding €11 billion. Established in 2007, APS Romania is a key part of the group, employing 250 staff and managing a wide range of assets in the local market.

This move aligns with APS Group’s expansion strategy while allowing Eurobank to complete its exit from the Romanian market. The transaction highlights the continued interest in Romania’s real estate sector among major international asset management firms.

Source: Profit.ro

Otilia Bordei, Roxana Ilie and Louis Juhel left Avison Young Romania and launched TREEE, their own consulting company specialized in identifying and intermediating office spaces.

The three experts in the field have mediated transactions of hundreds of thousands of square meters of commercial and office spaces, for companies such as Orange, Microsoft or IBM.

Among the services offered by the new consulting company are sale and re-lease, transaction management, owner and tenant representation.
“What differentiates us from other agencies in the field is our commitment to personalized solutions. We do not believe in standardizing services, each client has unique needs and enjoys a package adapted to their specific requirements. This approach allows us to explore the most innovative and sustainable options, thus maximizing the positive impact of our clients on the environment and their business,” says Roxana Ilie, TREEE Partner.

Source: economica.net

Real estate consultancy CBRE Romania assisted Rus Savitar, one of the largest furniture and chipboard companies in Romania, founded by the Rusu family, in the sale of the factory in Dudeştii Noi, Timiş County, to UE Furniture, a global leader in the production of chairs, armchairs and sofas.
The transferred property consists of 120,000 sqm of land and 60,000 sqm of buildings.

“The transaction between Rus Savitar and UE Furniture ensures both the continuity of the local tradition in furniture production and the creation of a significant economic impact in the region,” says Mădălin Aresmeriţoaie, Senior Consultant I&L, CBRE Romania.

The acquisition in Dudeştii Noi by UE Furniture represents the company’s second investment in Romania, after the opening of a factory in Orăştie, in May 2023.