Clifford Chance Badea, the Bucharest office of global law firm Clifford Chance, is advising Greek-based Motor Oil Renewable Energy Single Member S.A. (MORE), leader in the Eastern Mediterranean energy sector, in the acquisition of two photovoltaic projects in Buzau County, with an installed capacity of 86 MW and an additional power storage capacity of 18 MWh.
Romania’s central bank (BNR) has approved the direct acquisition by Dan Ostahie (90.10%), Altex owner, and Real Estate Srl (9.89) of the 100% stake in the share capital and voting rights of Porsche Bank Romania SA.
Real estate developer One United Properties (BSE:ONE) has announced in a stock market report on Wednesday (June 19) that its subsidiary One United Tower had contracted a bank financing of EUR47 million from lender Banca Transilvania.
In April 2024, the volume of construction works increased, in unadjusted data, by 10.3% compared to March 2024 and was up 8.0% when adjusted to the number of working days and to seasonality, data from the country’s statistical office INS showed on Wednesday (June 19).
Developer Genesis Property, owned by Liviu Tudor, the biggest Romanian owner of offices, has announced the electricity for all projects in the portfolio, namely the office buildings of business parks West Gate Business District and YUNITY Park, as well as residential buildings West Gate Studios, comes entirely from renewable sources.
Romanians’ intention of buying a house in the next 12 months is close to the levels of the 2006-2008 period, before the global financial crisis, and the housing market started 2024 with a 19% increase in the number of deals with apartments in the first quarter, nationwide, reveals a recent analysis by Colliers based on Eurostat data.