ARTICLES LABELLED WITH TAG Bucharest

News Plaza Centers seeks damages from Romania in court
23
May
2022

Plaza Centers seeks damages from Romania in court

by Property Forum
Property developer Plaza Centers is seeking €262.2 million in damages from the Romanian state, alleging that it recorded massive losses from the Casa Radio project in Bucharest. The company filed a complaint with the International Centre for Settlement of Investment Disputes (ICSID) in Washington. 
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News Bucharest-based Golden Tulip Victoria hotel sold
23
May
2022

Bucharest-based Golden Tulip Victoria hotel sold

by Property Forum
Hotel group Real Estate&Constructii, controlled by David Fattal, has completed the acquisition of Golden Tulip Victoria hotel in Bucharest, according to rhn.ro. 
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News Bucharest’s office vacancy rate at 16.5% in Q1 2022
20
May
2022

Bucharest’s office vacancy rate at 16.5% in Q1 2022

by Property Forum
The vacancy rate in Bucharest’s office market remained flat at 16.5% in the first quarter of 2022, similar to last year, although there is a growing gap between Class A projects and older buildings in areas with lower demand, according to real estate consultancy Colliers. 
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News Țiriac Imobiliare delivers office project in central Bucharest
17
May
2022

Țiriac Imobiliare delivers office project in central Bucharest

by Property Forum
Romanian developer Țiriac Imobiliare has officially opened its new office project in central Bucharest, located near Victoriei Square. 
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News HAVI reports sustainability results from Chitila Logistics Hub
17
May
2022

HAVI reports sustainability results from Chitila Logistics Hub

by Property Forum
Supply chain operator HAVI says it will obtain a reduction of carbon emissions by 7,000 tonnes over its 10-year lease in Chitila Logistics Hub, where it has been present for six months. 
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News IMPACT Developer & Contractor records Q1 profit growth of 49%
17
May
2022

IMPACT Developer & Contractor records Q1 profit growth of 49%

by Property Forum
Romanian IMPACT Developer & Contractor has recorded a gross profit of 16.7 million lei (€3.3 million) in the first quarter of 2022, up 49% compared to the same period of last year over higher residential sales. 
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News One United Properties Q1 2022 turnover up 81%
16
May
2022

One United Properties Q1 2022 turnover up 81%

by Property Forum
Romanian developer One United Properties said its first quarter turnover gained 81% to €70.5 million compared to Q1 2021, while its gross profit rose almost fourfold to €42 million over higher residential sales and rental income. 
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News Romanian home prices increase in April
05
May
2022

Romanian home prices increase in April

by Property Forum
Asking prices for apartments in Romania rose by an average of 3.2% to €1,707 per sqm in April compared to the previous month, while on a 12-month basis prices expanded by 22.3%, according to a report by Imobiliare.ro platform. 
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News Romania's industrial market records strong demand
05
May
2022

Romania's industrial market records strong demand

by Property Forum
More than 50% of the industrial and logistics projects under construction in Romania are already pre-leased with leasing activity in Q1 2021 rising by 50% to over 300,000 sqm compared to the same quarter of 2021, according to a report by Cushman & Wakefield Echinox. 
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News Tech drives Q1 office leases in Romania
03
May
2022

Tech drives Q1 office leases in Romania

by Property Forum
Companies in the IT&C sector had a share of 32% in Bucharest’s office lease market in Q1 and generated 93.6% of new leasing transactions in regional cities such as Cluj-Napoca, Iași, Timișoara and Sibiu.
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Latest news


New leases

  • The Unisono chain has joined the ranks of tenants at Designer Outlet Sosnowiec (southern Poland). The women's clothing brand will occupy 115 sq m of space in the facility.
  • Borg Automotive Group will move into new premises at HI Piotrkowska office building in Łódź in February 2025. It will occupy approximately 300 sqm. Brookfield Partners supported the tenant in the negotiation process.
  • TK Maxx shop will be opened at Ferio Konin (central Poland). The brand will occupy 2,000 sqm of space in the extended part of the shopping centre.

New appointments

  • Agnieszka Słomka-Gołębiowska has resigned from her position as a member of the Supervisory Board and chair of the Audit Committee of Ghelamco Invest. The position of member of Ghelamco's Supervisory Board will be filled by Lidia Jabłonowska-Luby. An existing member of the Audit Committee, Jarosław Myjak, was also appointed to act as chairman of the Audit Committee.
  • MLP Group is from now on working with a smaller board of directors. Monika Dobosz has resigned from her position. She had served on the company's board since July 2022, when she was appointed to the board together with Agnieszka Góźdź.
  • After almost eight years at the helm of Savills IM's Polish office, Piotr Trzcinski is leaving the firm. He joined Savills IM in 2017.

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