ARTICLES LABELLED WITH TAG Bucharest

News Adval attracts €6 million for refinancing Cascade Offices
10
Aug
2016

Adval attracts €6 million for refinancing Cascade Offices

by Ákos Budai
Adval Asset Management supported by JLL's Capital Markets team has successfully secured the refinancing of €6 million of Cascade Offices. Cascade Offices is a 4200 sqm office building delivered in 2005 and located on Buzesti Street, in the heart of the Central Business District of Bucharest. Among the main tenants, the project counts Procredit Bank, Enel and Taiwan TC.
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News Romania needs more international investors
23
Jun
2016

Romania needs more international investors

by Ákos Budai
Last year has proven to be a turning point for the Romanian investment market. An increased number and more diverse group of investors started looking at individual assets and portfolios, resulting in the largest number of transactions since the beginning of the crisis. Will this upward trend continue into 2016 and 2017? We report from SEE Property Forum 2016, a conference co-organised by Portfolio Conferences and RICS, where the biggest players of the Romanian investment market came together to talk about the future. 
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News Property developers in Romania must tackle the future now
15
Jun
2016

Property developers in Romania must tackle the future now

by Ákos Budai
The face of commercial property development in Bucharest has changed a lot over the past decade. Developers, investors, tenants and landlords have come together from all over Romania to talk about the office and retail markets at SEE Property Forum 2016, co-organised by Portfolio Conferences and RICS. We report from Bucharest.   
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News Is Bucharest ready to succeed?
10
Jun
2016

Is Bucharest ready to succeed?

by Ákos Budai
The future of cities is in the hands of today’s urban planners and real estate developers. Their decision will determine how an urban area can perform on an increasingly competitive global scene. Creating a city that attracts innovators and investors is in everybody’s interest, but all must be done in a smart, sustainable and responsible way. We report from Bucharest where Portfolio Conferences and RICS have organised SEE Property Forum for the second time.
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News What are investors looking for in SEE?
09
Jun
2016

What are investors looking for in SEE?

by Ákos Budai
In 2016 commercial real estate investment activity seems to be picking up again in Southeastern Europe after a slightly weaker 2015. Although financing conditions are continuing to improve a lack of high quality product and liquidity still presents a big challenge for all countries of the region. We report from Bucharest where Portfolio Conferences and RICS have organised SEE Property Forum for the second time.
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News Atenor plans further development in Hungary and Romania
06
Apr
2016

Atenor plans further development in Hungary and Romania

by Ákos Budai
It was only a few weeks ago that the third building of the Váci Greens office complex was delivered but the developer is already preparing for the construction of the next phase. Zoltán Borbély, Atenor’s Country Manager and Olivier Ralet, Atenor’s Executive Officer talked to us about the Belgian company’s plans in Hungary and Romania.
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Latest news


New leases

  • In Gemini Park Tarnów, the Cropp, House and Medicine brands have opened their new, extended shops. The Cropp store now has over 500 sqm of retail space, while House has over 590 sqm of retail space. An enlarged Medicine store has also opened in the facility, which has more than doubled in size and is now over 360 sqm.
  • HB Reavis has signed new leases for more than 1,000 sqm of space at Varso Place. The offer of the complex in the centre of Warsaw will be enriched by the food and beverage concepts Palms Burger, Tai Din, Yashi Sushi, the Wybitnie Nieznani restaurant, the Semifreddo patisserie and the Vino&Vino shop, as well as services.
  • BIG Ostróda - opened at the end of August, the largest retail park in the Warmian-Masurian region (northeastern Poland) - has strengthened its interior design offer with the opening of a shop of the international chain JYSK with an area of almost 1,300 sqm.

New appointments

  • Paweł Zieliński has joined the Office Agency team of Avison Young as a Senior Consultant. With years of experience in the office leasing market, he has worked with companies like Dom Development, Nuvalu, and most recently, CPI Property Group.
  • Modivo, which is part of the CCC Group, is changing the composition of its board of directors. Marcin Czyczerski was dismissed from the position of president, and his place was taken by Dariusz Miłek. The decision is aimed at improving cooperation between the companies.
  • Krisztina Enzsöl has joined Knight Frank Hungary as Associate Director in the office division. She has over 24 years’ worth of experience in real estate, being specialised in office leasing. In addition, Enzsöl has extensive knowledge in both tenant and landlord representation.

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