ARTICLES LABELLED WITH TAG Romania

P3 will add a hostel and retail space to its existing P3 Bucharest Park development, located on the A1 motorway, creating the first mixed-use project on the Romanian market.

Ceetrus Romania has completed the third phase of the Coresi Business Park office project, following an investment of €14 million.

Romania was ranked fifth at a European level in 2018 regarding the deliveries of retail space in retail parks, being overtaken in this hierarchy only by France, Spain, Great Britain and Italy, according to Cushman & Wakefield’s report.

One United Properties has completed the concept of its new office project One Cotroceni Park.  The new project can offer a floorplate up to 8,000 sqm, addressing companies in search of a headquarter efficiency solution.

The cumulative turnover of the most important players on the Romanian real estate consultancy market has almost reached the €50 million mark in Romania, wall-street.ro writes.

Automotive parts supplier Continental Romania is investing €27 million to expand its office building in Iasi. The new building will have eight floors and a total built-up area of over 21,000 square metres. Completion of the project is scheduled for March 2020.

CBRE has expanded its team with the first humanoid robot available in a real estate company in Romania, PepperEscu. By doing so since May, CBRE aims to use the robot's technological abilities to create synergy between people as end-users of the properties, from office workers to visitors to shopping centres.

On the 30th of August 2019, Iulius and Atterbury Europe will open the first phase of the Iulius Town Timişoara project (formerly known as Openville), the largest real estate investment in the region, adding up to more than €220 million. This is the first mixed-use development in the west of Romania.

Cushman & Wakefield Echinox was commissioned to manage the Eminescu Office building, which has recently been delivered in Bucharest, near Piaţa Romană. This is the third office building that has been taken over for management purposes by Cushman & Wakefield Echinox since the beginning of the year, with the Asset Services department being responsible for the day-to-day management of the building, tenant relationship management, operational supervision, financial services and ownership reporting, through on-site specialists and also from the company’s headquarters, coordinated by Mihaela Petruescu, Head of Asset Services.

Dedeman Group and Element Industrial announce entering into a partnership to jointly invest in the development of Eli Park 1 logistic and industrial project, located in Chitila-Buftea area, which is transforming in a new proximity logistic hub for Bucharest.