News Article How can the Romanian market survive the lockdown? – Find out from our online panel
by Property Forum | Report

Property Forum’s series of virtual events, organised in partnership with the RICS, continues with online panel discussions focused on the leasing issues that arise during the COVID-19 lockdown. This week's last event, focused on the Romanian property market, will bring together landlords, tenants, legal advisors and other industry experts to shed light on the issues currently on the mind of market participants and to help provide an overview of the potential immediate and long-term implications of the coronavirus crisis. Our diverse group of panellists will answer all the burning questions that may arise in this unprecedented situation.

With the vast majority of industry professionals now working from home, online meetings are becoming part of the daily routine. Property Forum is now organising a series of online panel discussions on the potential impacts of the coronavirus crisis on various segments of the property market. You can join the discussion on your computer, phone or tablet, wherever you are. As an audience member, you’ll have the opportunity to ask questions during the discussion.

The next event will focus on COVID-19’s potential implications for the Romanian market, with the following speakers:

Răzvan Gheorghiu-Testa

Răzvan Gheorghiu-Testa

Partner - Co-Head of Real Estate Practice Group
Ţuca Zbârcea & Asociaţii

Răzvan Gheorghiu-Testa is Partner at Ţuca Zbârcea & Asociaţii, having built up a career of almost 20 years of legal experience in real estate, corporate/M&A, and taxation. He has been directly involved in many of the most important projects taking place in Romania, including acquisitions and disposal of real estate, investment and development real estate projects, and real estate finance. He regularly offers planning advice on investments to major institutional investors, as well as international companies from a variety of industries, such as retail, consumer goods, steel, energy, telecommunications, oil and gas, pharma. In addition to his role as coordinator of the firm’s real estate practice group, Răzvan Gheorghiu-Testa co-heads the firm’s specialised tax division, Ţuca Zbârcea & Asociaţii Tax SRL. Răzvan Gheorghiu-Testa is fluent in English, French and Italian. More »
Muler Onofrei

Muler Onofrei

CEO & Co-Founder
Element Industrial

 More »
Ana Dumitrache

Ana Dumitrache

Country Head Romania
CTP

Ana Dumitrache is Country Head of CTP Romania. She joined CTP in November 2016. After a one-year break, while she worked for CBRE, Ana came back in January 2019 bringing with her a deeper understanding of the real estate market. With her knowledge in communication and real estate business, she aims at making CTP Romania the largest industrial hub in CEE. Before joining CTP, she was a banker working for Erste Group Romania as head of Real Estate Department. More »
Mihai Paduroiu

Mihai Paduroiu

CEO Office Divison
One United Properties

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David Hay

David Hay

Founder and CEO
ADD Value Management

David Hay is the Founder and CEO of ADD Value Management SRL (AVM). AVM provides in-house services for international investors covering portfolio management, financial management, asset management, property management and development management focusing on Romania and Poland. David has a real estate experience of more than 30 years, spreading over Europe, the U.S., Africa and Israel. He has been the CEO of AFI Europe from 2011 until 2018 and has held leadership positions within AFI Europe Group for more than 12 years. David holds an LLM from Buckingham University. More »
Alexandru Atanasiu

Alexandru Atanasiu

Associate Director
Colliers International

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Victor Constantinescu

Victor Constantinescu

Managing Partner, Romania & Co-Head of Real Estate
Kinstellar

Victor Constantinescu is the Managing Partner of Kinstellar’s Bucharest office and the Co-Head of the firm-wide real estate practice. Kinstellar is a leading law firm in Central and Eastern Europe and Central Asia, with offices in 10 countries and over 250 lawyers. Victor focuses on all aspects of real estate transactions in the region for a range of international investment funds and local developers with over 15 years’ experience locally and regionally. His particular emphasis is on transactional work: acquisitions and sales of commercial real estate, as well as joint ventures, across all asset classes: retail, office, logistics, and agricultural.  He has been ranked for several years as a Band 1 lawyer in the Romanian real estate sector by the leading international legal directories Chambers, Legal 500 and other benchmark publications. In recent editions, clients recommend him as "an outstanding practitioner for his commercially-oriented approach", as well as for "his commercial and precise advice, flexibility and international experience”. He is further described as "experienced, active and well connected’, with clients appreciating the "very easy communication" with him. Born in Canada, he is a native English speaker. He began his career practicing in the United States before moving to Romania full-time in 2004. He is admitted to the New York and Bucharest Bars. More »

Topics:

  • How has COVID-19 impacted the Romanian property market so far? How long will the current situation last?
  • How are different asset classes impacted by the crisis?
  • What are the current legal actions available for tenants not being able to pay rent?
  • What are the current legal actions available for landlords with missed rental revenues?
  • What kind of legislative response can be expected from the government?
  • How will government stimulus measures affect the real estate market?
  • What are the lockdown’s possible implications for co-working operators?
  • How should future lease agreements prepare for unprecedented situations like this?
  • Will this crisis accelerate the adaptation of technology in the development/leasing/selling process?

More information on the event is available on our website.