ARTICLES LABELLED WITH TAG Bucharest

News Developer Gran Via reaches €200 million milestone in Romania
30
Jan
2020

Developer Gran Via reaches €200 million milestone in Romania

by Property Forum
Spanish-based developer, Gran Via Real Estate has invested more than €200 million in Romania in the last 15 years and completed about 1,800 apartments until the end of 2019. The company has specialized in the conversion of former industrial lots into residential projects, communities where thousands of families have started a new life.
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News Element Industrial completes first stage of Bucharest logistics park
27
Jan
2020

Element Industrial completes first stage of Bucharest logistics park

by Property Forum
Element Industrial has completed the first phase of the Eli Park 1 logistics park in Chitila, northwest of Bucharest. The 20,000 sqm warehouse is leased to appliance producer Arctic, part of Turkish group Arcelik.
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News Investors buy 35 apartments for rent in Bucharest
27
Jan
2020

Investors buy 35 apartments for rent in Bucharest

by Property Forum
A group of investors have acquired 35 one-bedroom apartments in the Central District 4 Elements residential project, developed by Forty Management in the capital’s Titan area, for €3.4 million (excluding VAT). The investors will lease the apartments.
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News Record-strong office take-up in Romania
24
Jan
2020

Record-strong office take-up in Romania

by Property Forum
The Expoziției Area attracted almost 15% of the total demand for office spaces registered last year in Bucharest, thus entering the top 5 areas preferred by companies to locate their offices, at a very short distance from Center - West, the most dynamic area in the last 3-4 years, according to JLL:
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News Regional office markets grow rapidly in Romania
20
Jan
2020

Regional office markets grow rapidly in Romania

by Property Forum
The stock of modern office space in Bucharest reached 3.16 million square meters at the end of the third quarter of 2019, in the context of a population of 2.11 million inhabitants and an unemployment rate of 1.3 %, according to the Romania Office Destinations report, conducted by CBRE Romania.
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News Colliers to manage Skanska’s new Bucharest building
16
Jan
2020

Colliers to manage Skanska’s new Bucharest building

by Property Forum
Colliers International Romania has been assigned to provide property management services for the first building of the Equilibrium office project, developed by Skanska in the capital which was handed over last fall. This is the second mandate won by Colliers from Skanska, bringing the total portfolio managed by the company to almost 530,000 sqm of industrial and office spaces.
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News Globalworth becomes owner of developer Elgan Offices
16
Jan
2020

Globalworth becomes owner of developer Elgan Offices

by Property Forum
Globalworth Real Estate Investment, by buying a 50% stake from Elgan Group, has become the sole shareholder of real estate developer Elgan Offices. The two companies developed the Renault Bucharest Connected (RBC) building located in the western part of Bucharest. Elgan Group is owned by Israeli businessman Simon Roth.
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News Atenor receives building permit for Bucharest project
04
Jan
2020

Atenor receives building permit for Bucharest project

by Property Forum
Atenor announced the obtaining of the building permit for the @EXPO project, located in the north-west of Bucharest that includes the development of approximately 49,000 sqm of rentable space. The complex will meet the highest standards of sustainability for BREEAM "Excellent" certification. In particular, it will use innovative technologies to reduce operating costs and increase occupant comfort.  
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News Developers prepare new projects in Bucharest with major land acquisitions
20
Dec
2019

Developers prepare new projects in Bucharest with major land acquisitions

by Property Forum
Major real estate developers continued to be active in Bucharest throughout 2019, providing the land needed for new projects consisting of over 6,000 apartments and 130,000 square meters of offices. Overall, in 2019, 24 major transactions were made in Bucharest with land intended for the development of residential, office or mixed projects, some of them having the potential to include a hotel component, according to Cushman & Wakefield Echinox.
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News BCR sells Bucharest historic palace for €30-35 million
19
Dec
2019

BCR sells Bucharest historic palace for €30-35 million

by Property Forum
Romanian bank BCR has completed the sale of the historic Oscar Maugsch Palace, located on Bucharest’s Universitatii Square, to the Luxembourg-based Vivion Investment Fund, controlled by Isaac and Amir Dayan from Israel. The value of the transaction is estimated to be between €30-35 million, according to unofficial sources quoted by Economica.net.
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Latest news


New leases

  • During Romania’s presidential elections, the OSCE temporarily rented 840 sqm of office space at NOVA Instant Office Solutions, located in Bucharest-based Excelsior building. The lease was brokered by Fortim Trusted Advisor.
  • Cineplexx Romania will open a state-of-the-art multiplex cinema concept that will be integrated in Iulius’ Rivus Cluj-Napoca, the urban regeneration project that is currently in the final permitting phase.
  • Law firm Wolf Theiss has leased almost 1,300 sqm for its new offices in Budapest-based Liget Center, owned by Wing. The lease deal was brokered by Cushman & Wakefield.

New appointments

  • Trei Real Estate Poland expands its management board - Jacek Wesołowski and Paweł Gołuchowski are joined by Mariusz Cegielski and Dariusz Węglicki. The company announces "dynamic growth in the residential and retail segments".
  • At the beginning of the year, Roberto Mateos, an experienced hotelier who has been with the Barceló Hotel Group for almost two decades, took over as general manager of the Barceló Warsaw Powiśle hotel.
  • Axi Immo is strengthening its organisational structure by appointing Danuta Dzierżak as Business Development Director. In her new role, she will be responsible for developing all business lines, acquiring new clients, and building relationships with key business partners in Poland and abroad.

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