ARTICLES LABELLED WITH TAG Romania

Globalworth announced changes to the Company's Board of Directors and an update regarding the COVID-19 outbreak. Ioannis Papalekas, the Founder, is stepping down from the Board of Directors of Globalworth but will remain as CEO. Dimitris Raptis, the current Chief Investment Officer and Deputy CEO, has been appointed co-CEO.

A new peak in total transaction volumes of €13.9 billion was reached last year across the CEE region. Including Austria and Serbia, the volume is even greater: €20.19 billion, according to CBRE’s latest research.

CTP plans to develop a new logistics park in Stefanestii de Jos near Bucharest, on a 19 ha plot of about 19 hectares that it acquired last year from Willbrook for €6 million, profit.ro reports. Construction is set to begin this spring.

Sapient Vest, a company controlled by Slovakia’s Slovunit AS, is planning to develop a logistics park in Timișoara. Sagului Logistic Center will spread over 400,000 sqm on Calea Sagului, economica.net reports.

Due to the uncertainty surrounding the coronavirus situation Property Forum has decided to reschedule its spring events – Bratislava Property Forum, SEE Property Forum and Prague Property Forum – to autumn 2020.

Kinstellar has successfully advised its client, Ideal Projects (a joint venture between the Vetimex and Mirus groups) on the successful negotiation, signing, closing and refinancing of the Cluj-based Vivido, Advancity, and Cube office projects. This is the largest office acquisition outside Bucharest in Romania this year, with a total value exceeding €30 million.

Revetas Capital Advisors and Cerberus Capital Management have put the Landmark office building in central Bucharest up for sale.  

The stock of industrial and logistics space on the Romanian market has exceeded the 4 million sqm threshold, 90% of the total stock being concentrated in eight large cities from the southern, central and western parts of Romania, according to a new report by the Cushman & Wakefield Echinox.

In 2019, the valuation department of Cushman & Wakefield Echinox evaluated properties with a cumulative value of €4.2 billion, while estimating an increase of 15% of the valuation volume for the upcoming year.

MLP Group has issued €30 million worth of bonds. The issue proceeds will be used to purchase land and implement projects to construct warehouses in Poland and abroad. On February 26th, the bonds will be introduced to trading on the Catalyst market.