ARTICLES LABELLED WITH TAG Romania

News - Fortress buys 50,000 sqm industrial park near Bucharest
06
Sep
2021

Fortress buys 50,000 sqm industrial park near Bucharest

by Property Forum
Property investment trust Fortress, based in South Africa, has reached an agreement to purchase ELI Park 1, an industrial project in Buftea-Chitila, near Bucharest, for an undisclosed sum. The sellers of the 50,000 sqm project are Element Industrial and Pavăl Holding.
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News - ESG is set to rewrite the rules of real estate financing
06
Sep
2021

ESG is set to rewrite the rules of real estate financing

by Ákos Budai
Marius Persenea, Chief Operating Officer of Romanian real estate developer IULIUS talked to Property Forum about financing, sustainable development and future plans for different market segments.
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News - Impact to develop over 10,000 homes in Romania by 2027
03
Sep
2021

Impact to develop over 10,000 homes in Romania by 2027

by Property Forum
Romanian Impact Developer & Contractor said it plans to develop 1.25 million sqm by 2027, respectively over 10,000 homes in the medium - affordable segment, with an estimated market value of €1.4 billion without VAT. 
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News - New retail schemes of 121,000 sqm expected this year in Romania
03
Sep
2021

New retail schemes of 121,000 sqm expected this year in Romania

by Property Forum
Romania’s retail sector will see new deliveries of projects covering around 121,000 sqm, of which 62% are small structure, mainly retail parks, according to a report by real estate consultancy Colliers. 
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News - Radisson Blu Cluj to open in 2022
02
Sep
2021

Radisson Blu Cluj to open in 2022

by Property Forum
The first 5-star hotel in Cluj-Napoca will be delivered next year following an investment of €22 million made by Winners Park Invest. 
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News - AFI Europe plans mixed-use project in Bucharest
02
Sep
2021

AFI Europe plans mixed-use project in Bucharest

by Property Forum
Property developer AFI Europe aims to secure permits for a new mixed-use scheme that would be located near its Bucharest-based shopping centre. 
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News - Offices drive €290 million Romanian investment market in H1
31
Aug
2021

Offices drive €290 million Romanian investment market in H1

by Property Forum
The office sector accounted for 66% of total investment volumes recorded in Romania’s commercial real estate sector in the first semester. Deals worth close to €290 were closed in the first half, down 41% year-on-year, according to a report by real estate consultancy Colliers. 
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News - Speedwell assisted by Deloitte Legal on loan for Cluj-based offices
30
Aug
2021

Speedwell assisted by Deloitte Legal on loan for Cluj-based offices

by Property Forum
Law firm Reff & Associates | Deloitte Legal worked with Speedwell on refinancing the loan granted by BRD Groupe Société Générale for the development of the Record Park Offices project located in central Cluj-Napoca. 
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News - One United Properties H1 net profit at €29.9 million
30
Aug
2021

One United Properties H1 net profit at €29.9 million

by Property Forum
Romanian developer One United Properties recorded a turnover of 434 million lei (€88.1 million) and a net profit of 147.5 million lei (€29.9 million) in the first semester over improved revenue from the development and sale of residential properties. 
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News - Genesis Property: The hybrid work system is already mainstream
30
Aug
2021

Genesis Property: The hybrid work system is already mainstream

by Property Forum
Liviu Tudor, Chairman of Genesis Property talked to Property Forum about the new IMMUNE Building Standard and the hybrid future of work that will shape the development of the office industry in the years to come. 
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Latest news


New leases

  • Local developer ELI Parks has leased 8,900 sqm within ELI Park Bacău to Aquila, the distribution and logistics company specialized in the FMCG sector.
  • Vastint Romania has announced the opening of Saint Roastery Botanica, an urban café, within Business Garden Bucharest, occupying an area of 165 sqm.
  • Himalaya and Sabon are joining the brand mix at Fashion House Militari, adding new options in the beauty, sport, and lifestyle categories. Furthermore, Collective pop-up outlet is opening a multibrand store at Fashion House Pallady.

New appointments

  • Nhood has appointed Mihaela Petruescu as the new Country Director for Property Services Romania & Poland as of October. She previously held leadership positions at large real estate firms, such as Cushman & Wakefield Echinox and CBRE Romania.
  • Daniel Orczyk has been named Senior Project Manager at the technical advisory department of Avison Young in Poland. He is a licensed structural engineer and building site manager with over 20 years of experience.
  • Łukasz Meisner has joined Peakside Capital Advisors as Head of Project Management. He will be responsible for the management of Peakside's investment projects in Poland, including overseeing the implementation of key investments within the City Point, Urban Parks, and Peakside Industrial logistics platforms.

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