ARTICLES LABELLED WITH TAG romania
02
Jun
2022
Jun
2022
Office lease contracts in Bucharest shortened to 3 years
As the pandemic-related restrictions have been lifted, large occupiers have returned to the office, most of them in a hybrid setup, while the office lease periods have fallen from 5 to 3 years, according to an analysis of real estate consultancy Crosspoint Real Estate.
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01
Jun
2022
Jun
2022
Globalworth secures green loan from IFC
Property group Globalworth has inked a 6-year green loan deal worth €85 million with the International Finance Corporation (IFC), which is a member of the World Bank.
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30
May
2022
May
2022
Cluj-Napoca remains the most expensive resi market in Q1 2022
Apartments in Cluj-Napoca have the biggest sale prices in Romania, with owners asking for an average of €2,240 per sqm in the first quarter, which was up 21% compared to the same period of last year, shows a report by Imobiliare.ro platform.
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30
May
2022
May
2022
New Mercure hotel to open in Alba Iulia
French group Accor will open a new Mercure hotel in Alba Iulia in the second quarter of 2024. The new Mercure Alba Iulia Cetate hotel will feature 112 rooms and apartments and facilities such as a restaurant, SPA and conference room.
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30
May
2022
May
2022
America House in Bucharest completes refurbishment
The America House office building in central Bucharest was refurbished as part of a €10 million investment that included the upgrading of the exterior ground floor area and the extension of green spaces.
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30
May
2022
May
2022
Nordis kicks off resi/hotel investment in Brașov
Romanian developer Nordis has started the construction of a new hotel and residential complex in Brașov. The new project will be completed by the end of 2023 following an investment of €26.4 million.
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30
May
2022
May
2022
Synergy Construct to open new retail park in Bucharest
Romanian construction firm Synergy Construct will open in September a new retail park in northern Bucharest, next to highway A3, following an investment of €15 million.
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27
May
2022
May
2022
Survey: Romanians want offices with leisure options
Romanians want offices where they have options for networking and interacting both at work and in their free time, a trend that is increasingly visible around the world, according to a survey commissioned by local developer Genesis Property.
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25
May
2022
May
2022
NEPI Rockcastle resi project in Bucharest reaches 35% sale rate
NEPI Rockcastle says it has reached a 35% sale rate for its first residential project in Bucharest in the first seven months of development.
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24
May
2022
May
2022
ELBI leases 15,000 sqm in P3 Bucharest A1
ELBI, the supplier of low power equipment, has leased 15,000 sqm in P3 Bucharest A1 and will start operating the warehouse in November 2022 following an investment of €3 million.
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Latest news
- Fiege expands 21,000 sqm across three Panattoni parks
- Optimism prevails in CEE real estate as geopolitical risk looms large
- Property Forum appoints Irina Gasson as Chief Growth Officer to accelerate European expansion
- Hungary's residential market surges 32% in March
- Genesis Property gets green certification for Yunity Park building in Bucharest
- Arete sells Slovak industrial park to Erste fund
- ULI Poland invites market to conference on new balance of forces shaping real estate
- How is agentic AI turning into real estate’s new operating advantage
- NEPI Rockcastle looks beyond CEE for next phase of growth
- NEPI Rockcastle introduces new senior leadership team
New leases
- Palas Campus, Romania's largest office building, is set to host the new regional hub for BCR starting this autumn. The HQ will occupy a surface area of approximately 1,000 sqm and will serve clients from the local county and adjacent regions.
- Teva Pharmaceuticals has relocated its offices to Budapest-based Corvin Skypark. The deal covering 653 sqm was brokered by iO Partners.
- Nowy Styl, a European leader in office furniture solutions, has signed a lease extension at the Oxygen Park office complex. The tenant occupies approximately 550 sqm within the project.
New appointments
- NEPI Rockcastle has nominated Zelda Roscherr as an Independent Non-Executive Director. Roscherr will stand for election at the Annual General Meeting (AGM) in May 2026. André van der Veer, currently an Independent Non-Executive Director, will retire at the conclusion of the AGM and will not seek re-election.
- Panattoni has promoted Nick Cripps to the position of Head of International Capital Markets for Europe, the UK, the Middle East, and India. Based in London, Cripps is tasked with leading the firm’s global capital markets strategy across 18 diverse markets. He joined Panattoni five years ago as Head of UK Capital Markets.
- PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.
