ARTICLES LABELLED WITH TAG Romania

News IFC invests €205 million in WDP’s green projects in Romania
22
Apr
2020

IFC invests €205 million in WDP’s green projects in Romania

by Property Forum
IFC, a member of the World Bank Group, is providing a green financing package of approximately €205 million to Warehouses De Pauw NV (WDP), a Belgian real-estate investment trust, to support the construction of around 1 million sqm of resource-efficient semi-industrial and logistics properties across Romania. The green financing fits within a larger €750 million financing programme and includes green financing from third-party investors mobilized by IFC under its Managed Co-Lending Portfolio Program and from international commercial banks.  
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News Urbano Parks completes first phase of Cluj-Napoca logistics park
22
Apr
2020

Urbano Parks completes first phase of Cluj-Napoca logistics park

by Property Forum
Urbano Parks, a development company created by entrepreneurs Mircea Ilea, Alexandru Serban and Daniel Paraschiv in Cluj-Napoca, said over 95% of construction works on the first phase of Urbano Cluj Vest logistics park have been completed. The first tenants could move in next month.
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News Bucharest tenants expect return to office over the summer
21
Apr
2020

Bucharest tenants expect return to office over the summer

by Property Forum
Almost 70% of landlords and tenants in the office market believe that the COVID-19 epidemics will continue to affect their business throughout this whole year, with first signs of recovery being expected to start with 2021, according to a study conducted by Colliers International among 60 landlords and more than 100 tenants.
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News Investors in Romania go for office and industrial space
17
Apr
2020

Investors in Romania go for office and industrial space

by Property Forum
Appetite for the acquisition of office buildings and industrial parks, less rented offices and shopping centres with postponed openings, this is how this quarter could be described regarding the real estate market in Romania, according to the quarterly report of CBRE.
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News CBRE: Solid Q1 2020 results for Romania
16
Apr
2020

CBRE: Solid Q1 2020 results for Romania

by Property Forum
The first three months of the year were closed with promising figures on the Romanian property market. CBRE published its Q1 2020 overview of the main commercial real estate sectors.
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News Investor interest remain solid for Romanian assets
15
Apr
2020

Investor interest remain solid for Romanian assets

by Property Forum
Investors still show interest for real estate acquisitions Romania, despite the COVID-19 pandemic, according to a survey conducted by Colliers International among more than 60 real estate companies.
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News How can PMs deal with unoccupied office buildings?
14
Apr
2020

How can PMs deal with unoccupied office buildings?

by Property Forum
The state of emergency imposed by the current pandemic has led to the almost total vacancy of office spaces, within the context of many of the employees working from home. The landlords want to lower service charge levels for this period and continue to provide the necessary services to maintain the buildings in optimal conditions, according to a report by CBRE Romania.
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News C&W Echinox: Most workers prefer 3-4 office days per week
10
Apr
2020

C&W Echinox: Most workers prefer 3-4 office days per week

by Property Forum
Saving money and time spent in traffic are the main advantages of working from home, while the main disadvantages are the lack of direct socialization with colleagues and the difficulty in separating professional from personal time, according to a survey conducted by Cushman & Wakefield Echinox.
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News How will Romania’s office market look like after COVID-19?
10
Apr
2020

How will Romania’s office market look like after COVID-19?

by Property Forum
Everyday personal and professional life have both been impacted by the COVID-19 pandemic in a radical and unexpected way, and the general opinion is that its influence and effects will have repercussions on how people live and work, even after the medical situation will be stabilized. Cushman & Wakefield Echinox and Dentons are launching a debate over 10 issues that will impact the entire office sector in Romania, covering over 350 modern buildings with a total surface of more than 4 million square meters and approximately 400,000 employees working in some of the largest companies, emblematic for the national economy.
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News Romania’s investment market performs well in Q1 2020
09
Apr
2020

Romania’s investment market performs well in Q1 2020

by Property Forum
With a total volume of approximately €120 million in the first quarter, the Romanian investment market had a similar start compared with the same period in 2019, when the volume of transactions was €117.5 million. An optimistic scenario puts the total volume of investments for 2020 at €750 million, while a pessimistic one somewhere at €500 million. Crosspoint Real Estate has issued its latest market report on the Romanian real estate market’s performance.
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Latest news


New leases

  • Croda Poland, a company that supplies specialty chemicals for the production of pharmaceuticals, cosmetics, household chemicals and crop protection products, will lease more than 510 sqm in the Unity Square One building. JLL was responsible for both tenant and landlord representation in the transaction process.
  • Angelini Pharma Polska, one of the leaders of the pharmaceutical market in Poland, has once again extended its lease agreement for warehouse and office space in MLP Pruszków I. The tenant has been using approximately 1,5000 sqm of space in this logistics centre for 21 years. This makes Angelini Pharma Polska one of the longest-cooperating tenants of MLP Group.
  • Kärcher, a supplier of professional cleaning equipment, has chosen the second phase of LogiCube Park for its new 1,000 sqm service and logistics center in Hungary. Additionally, MedRes, a company operating in the healthcare sector, has begun moving in and will soon commence production in the same project. The leasing was overseen by 108 Real Estate, the strategic partner of the park’s investor.

New appointments

  • Elżbieta Majdan is joining the Property & Asset Management team at Savills Poland as an Associate Director. Elżbieta brings 15 years of experience in managing and commercialising retail properties, gained while implementing key projects on the Polish market.
  • Savills Czech Republic announces new hires and promotions within its valuation team. Daniel Duchek has joined as a Senior Valuer, Alena Arnoldová has strengthened the team as a Junior Valuer, and Ivana Horáková has been promoted Valuer. Under the leadership of Marek Pohl, the team now consists of seven consultants specialising in the valuation of a wide range of assets – from commercial, residential, and hospitality properties to leisure, healthcare facilities, and land.
  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.

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