ARTICLES LABELLED WITH TAG Cushman&Wakefield Echinox

Around 120,000 sqm in new and extensions of existing retail projects are under development in Romania with delivery estimated by the end of 2022, according to a report by real estate consultancy Cushman & Wakefield Echinox. 

The Romanian industrial and logistics market recorded a total demand of 562,000 sqm in the first three quarters of 2021, down only 3% compared to the same period of last year. The sector was mainly driven by new demand, which reached 86% of the total transacted volume, according to real estate consultancy Cushman & Wakefield Echinox. 

Real estate consultancy Cushman & Wakefield Echinox has been appointed manager of Funshop Park projects developed by Polish company Scallier in Roșiorii de Vede and Focșani. 

Cushman & Wakefield Echinox says it will provide consulting services in construction for the extension of Colosseum Mall, a Bucharest-based project with a total area of 21,616 sqm. 

Property consultancy Crosspoint Real Estate has announced the appointment of Bogdan Gubanduru as Head of Investment.  

Leasing activity in the Romanian industrial and logistics market was up 21% to 360,000 sqm in the first half compared to the same period of last year, driven by relocations and the closing of new contracts, according to a report by real estate consultancy Cushman & Wakefield Echinox. 

The pandemic had a limited impact on the turnover of retail parks compared to shopping malls in Romania, according to real estate consultancy Cushman & Wakefield Echinox. 

Transactions in Romania’s commercial real estate market amounted to €298 million in the first half of the year, down 23% compared to the same period of 2020, according to a report by real estate consultancy Cushman & Wakefield Echinox. 

A&D Pharma, a subsidiary of Dr.Max Group, has leased a warehouse of 9,000 sqm in CTPark Sibiu, in a bid to streamline its distribution supply chain for pharmacies located in the central and western Romania as well as for online orders. 

Domestic investors own some of the largest office projects that are under development in Romania, although international players have the biggest portfolios in the market.