ARTICLES LABELLED WITH TAG Bucharest

News Nusco Imobiliara selects architects for Nusco City masterplan
13
Mar
2024

Nusco Imobiliara selects architects for Nusco City masterplan

by Property Forum
Property developer Nusco Imobiliara has selected Fuksas Architecture Studio to work on the master plan of urban regeneration project Nusco City, based in northern Bucharest.
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News Vastint starts second phase of Bucharest office project
13
Mar
2024

Vastint starts second phase of Bucharest office project

by Property Forum
Vastint Romania will start the development of the second phase of the Timpuri Noi Square project in Bucharest after it secured all permits. 
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News Leroy Merlin leases 21,000 sqm of retail space in Bucharest
12
Mar
2024

Leroy Merlin leases 21,000 sqm of retail space in Bucharest

by Property Forum
DIY retailer Leroy Merlin has leased two retail spaces in Bucharest with a combined area of 21,000 sqm from the Supernova Group, in a deal brokered by Cushman & Wakefield Echinox.
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News Euro Vial Residence buys large land plot in Constanța
11
Mar
2024

Euro Vial Residence buys large land plot in Constanța

by Property Forum
Romanian developer Euro Vial Residence has purchased a six hectare land plot in the northern area of the city of Constanța, towards Ovidiu, for €6.5 million.
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News Sublease office stock in Bucharest at 67,400 sqm in 2023
07
Mar
2024

Sublease office stock in Bucharest at 67,400 sqm in 2023

by Property Forum
The office stock in Bucharest’s sublease niche totaled 67,400 sqm in 2023, while new transactions in this segment amounted to 5,856 sqm, according to an iO Partners report.
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News Danubiu Enterprises to start retail investment near Bucharest
07
Mar
2024

Danubiu Enterprises to start retail investment near Bucharest

by Property Forum
Danbuiu Enterprises will start in Q2 2024 the development of A1 Shopping Center, a new retail project near Bucharest that will have a value over €10 million. The project is slated for completion in Q3 2025 and will target wholesale and cash & carry retailers.
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News Impact Developer & Contractor records 59% fall in profit during 2023
01
Mar
2024

Impact Developer & Contractor records 59% fall in profit during 2023

by Property Forum
Romanian property company Impact Developer & Contractor said its net profit amounted to 39.9 million lei (around €7 million) in 2023, down by more than 59% versus 2022 over lower revenue from residential sales.
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News Lion’s Head Investments raises €150 million from IFC
28
Feb
2024

Lion’s Head Investments raises €150 million from IFC

by Property Forum
Lion’s Head Investments, the commercial real estate investor owned by Old Mutual Property and AG Capital, has secured €150 million in fresh funding from the International Finance Corporation (IFC), part of the World Bank Group.
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News Hotel occupancy in Bucharest up 5% in 2023
27
Feb
2024

Hotel occupancy in Bucharest up 5% in 2023

by Property Forum
The occupancy rate in Bucharest’s hotel market was up 5% in 2023 compared to the previous year, but it remains around 10% under 2019. However, average revenue per room was up 12%, which is higher than in pre-pandemic times, according to a Cushman & Wakefield Echinox report.
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News Kesz enters Romanian resi segment
27
Feb
2024

Kesz enters Romanian resi segment

by Property Forum
Hungarian construction company Kesz Group has expanded in the Romanian residential segment and will start its first housing project in northern Bucharest. Following this move, the group will act as a construction and developer player on the local market.
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Latest news


New leases

  • 7R Park Poznań West has been fully leased. The latest tenants are Still, a supplier of forklifts and warehouse technology, and Cycle, a company offering services for electric bicycles. Both companies will occupy a total of 6,800 sqm of space.
  • Eurocash Group is staying at the Warsaw office complex Diuna from the portfolio of PineBridge Benson Elliot and Syrena Real Estate for the next few years.The company has signed an agreement to lease four floors in Building A, totalling nearly 4,600 sqm of space.
  • MEDiVET S.A., a provider of veterinary services and products, has leased more than 6,500 sqm of warehouse and office space in Fortress Logistics Park Bydgoszcz. It was advised by global real estate services firm Cushman & Wakefield.

New appointments

  • Polski Związek Firm Deweloperskich (Polish Association of Property Developers) elected new authorities at its general meeting in Katowice. Maciej Wandzel was elected chairman of the board. He will replace Grzegorz Kiełpsz, who became honorary president of the PZFD.
  • Piotr Herian has taken up the position of ISS CFO for Poland and the Baltics. ISS is a leading company in the creation of friendly workplaces and comprehensive facilities management.
  • Paulina Strutyńska has been promoted to the position of Leasing & Asset Director at Skanska’s commercial development business unit. She is now responsible for leasing processes in the Warsaw market as well as Key Customer Management. Agnieszka Krawczyk-Rogowska is responsible for project commercialization and client liaison in Gdańsk, Kraków, and Bucharest, while Marek Stasieńko is responsible for the Wrocław, Poznań, and Łódź markets.

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