Smartown Group has completed the sale of Dionisie Lupu office building in downtown Bucharest, one of the most valuable properties in its local portfolio, in a deal closed at a yield of 8.2%, which reflects investors’ appetite for prime properties in Bucharest in the current market.
Issa Resort, the five-star resort developed by entrepreneur Simion Muresan at Crama Salina, officially opened on August 11.
Aluminum producer Alro Slatina, controlled by Russian group Vimetco, for the first half of this year reported RON2 billion consolidated revenues, compared with RON1.7 billion in the same period of 2024, and RON17 million net profit, against RON8.4 million in the year-earlier period.
Romania’s annual inflation rate surged in July to 7.8% year-on-year, after having climbed to 5.7% in June.
Almost 20 office, mall and logistics centers projects are under construction or are set to be built, totaling 887,400 square meters and investments put at over EUR1.5 billion, in line with ZF data based on Cushman & Wakefield Echinox figures.
Apparel manufacturer Pandora Prod in Focsani, one of the largest players on the local market, has budgeted RON255 million revenue for 2025, an increase of 16.7% compared with 2024. However, the revenue is below that of 2023, which was the best year so far for the Vrancea County-based company, which has been in business for more than three decades.