ARTICLES LABELLED WITH TAG Romania

News IT&C players drive demand for Bucharest offices
25
Apr
2019

IT&C players drive demand for Bucharest offices

by Property Forum
The Bucharest office closed Q1 2019 with decent numbers: a gross take-up of 105,000 sqm, out of which the net take-up was 29,000 sqm, and 93,000 sqm of deliveries. Data from Colliers International Romania show that the demand came mostly from IT&C companies, despite the tight labour market.
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News Solid growth prospects for Romania’s logistics market
17
Apr
2019

Solid growth prospects for Romania’s logistics market

by Property Forum
Up to 750,000 sqm of modern logistics and industrial space could be delivered this year in Romania, which could push the local stock of industrial spaces to over 4 million sqm, according to Dunwell, a real estate consultancy firm that specializes on the industrial segment.
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News BCR puts downtown Bucharest palace up for sale
17
Apr
2019

BCR puts downtown Bucharest palace up for sale

by Property Forum
The Palace of the Generala Insurance Company, a historical building in the city centre of Bucharest that served as the headquarters for lender BCR, the local subsidiary of Austrian Erste Bank group, has been put up for sale.
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News CBRE manages NEPI Rockcastle’s Bucharest office buildings
17
Apr
2019

CBRE manages NEPI Rockcastle’s Bucharest office buildings

by Property Forum
CBRE has taken over the management of the NEPI Rockcastle office portfolio in Bucharest, totalling 70,580 square meters. This is the first time when NEPI Rockcastle outsources the management of the properties. CBRE Romania now manages 770,000 sqm of offices and retail assets.
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News Romania’s retail stock to grow by 140,000 sqm in 2019
11
Apr
2019

Romania’s retail stock to grow by 140,000 sqm in 2019

by Property Forum
The modern retail stock in Bucharest remained stable in 2018, at 1.2 million square meters, a level which is 7% higher than in the Central-West region of the country which reached 1.18 million square meters, and twice the corresponding value of the Moldova region which reached 595,000 square meters, according to Cushman & Wakefield Echinox.
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News Strong start to the year on Romania’s office market
11
Apr
2019

Strong start to the year on Romania’s office market

by Property Forum
The Romanian office market started promising in 2019, given that in the first quarter, approximately 124,500 square meters were leased nationwide, almost 41% more than in the first quarter of last year.
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News C&W Echinox’s valuation volume up 25%
11
Apr
2019

C&W Echinox’s valuation volume up 25%

by Property Forum
The valuation department of Cushman & Wakefield Echinox has evaluated over 700 properties with a cumulative value of €4 billion in 2018, while estimating an increase of 25% of the valuation volume, potentially reaching the €5 billion threshold during the year.
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News AFI Europe Romania starts second phase of Bucharest project
04
Apr
2019

AFI Europe Romania starts second phase of Bucharest project

by Property Forum
AFI Europe Romania will soon start works on the second phase of the €37 million AFI Tech Park Business Campus project in Bucharest.
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News C&W Echinox to manage Bucharest office building
04
Apr
2019

C&W Echinox to manage Bucharest office building

by Property Forum
Cushman & Wakefield Echinox has been appointed to manage the Ethos office building, situated in the Floreasca area of Bucharest. This is the second mandate for the management of an office building by C&W Echinox in 2019.
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News Globalworth’s portfolio reaches 1 million sqm
28
Mar
2019

Globalworth’s portfolio reaches 1 million sqm

by Property Forum
In 2018 Globalworth registered an increase of 36% in portfolio value compared to 2017, reaching €2.5 billion, split 51% in Romania and 49% in Poland. Also, during last year, the gross leasable area of the company’s combined portfolio grew with over 250,000 sqm to 1 million sqm. Following the dynamic expansion in Poland and the new developments in Romania, Globalworth’s net operating income (NOI) noted an impressive increase by over 160% and exceeded €133 million.
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Latest news


New leases

  • Preston Packaging will soon commence operations at the MLP Poznań West logistics center (western Poland). The company has secured approximately 7,500 sqm of space, which will be available in the second half of this year. Axi Immo supported the leasing process.
  • Join UP! travel agency will open its first point in Poland in Galeria Północna (Warsaw). The brand has Ukrainian roots and operates in nine countries: Lithuania, Latvia, Estonia, Romania, Poland, the Czech Republic, Ukraine, Moldova and Kazakhstan.
  • Romet makes its debut at Gemini Park Bielsko-Biała (southern Poland). The 190 sqm bicycle showroom is located on the ground floor at the entrance to the gallery.

New appointments

  • Tomasz Michalczyk has taken on the Head of Office Agency role at Axi Immo advisory agency. He will manage the team, acquire and advise key clients on the office market.
  • Hungarian construction player Óbuda Group has announced the appointment of two new Deputy CEOs. Gábor Horváth will lead the project management division, while Ottó Vörös will oversee operations. Horváth brings 35 years of experience in the construction industry, while Vörös has over two decades of management and financial experience in real estate management.
  • Atakan Turhan has been appointed as General Manager of Radisson Blu Hotel and Park Inn by Radisson in Bucharest. Turhan brings over 30 years of hospitality experience, including 20 years with Radisson Hotel Group.

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