Some of the largest cities in Romania, including the capital, have some of the newest office stocks in CEE that have certifications, according to CBRE research.
Nusco Imobiliara has already sold 30% of the residential units comprising the second phase of urban regeneration project Nusco City, based in northern Bucharest.
Romanian developer HILS Development has announced the launch of a new mixed-use scheme in Bucharest that will include residential, office and retail components that will cover 180,000 sqm.
The office leasing activity in Bucharest totaled 292,000 sqm in the first three quarters of 2023, up by 46% compared to the same period of last year, according to iO Partners data.
Bucharest-based Calea Victoriei is the 50th most expensive main retail street out of 57 locations based in Europe, according to a Cushman & Wakefield report. On this ranking, Bucharest is behind Ljubljana, with a monthly rent of €55 per sqm.
Hospitality group Accor and Romanian construction firm Construcții Erbașu have signed hotel management agreements for two new hotels in Bucharest and Oradea. The companies have also extended the current management agreement for ibis Styles Bucharest Erbas.
Higher construction costs and the unfavourable economic situation in Europe are impacting the future development of new offices in the region, especially in capital cities like Prague, Bratislava, Budapest and Bucharest.
Romanian investment company Meta Estate Trust has entered into a partnership for the development of a premium boutique residential project in Bucharest. The company will invest €1.4 million in the project comprising 21 apartments that will be completed within the next 12 months.
Law firm Kinstellar Bucharest has expanded its real estate practice by hiring Corina Stanciu as Senior Associate and Cristiana Mic-Soare as Special Counsel.
Luxury hospitality group Hyatt is planning the development of its first hotel in Romania as part of its expansion into CEE. The company is looking to develop an upper scale hotel in Bucharest with around 200 rooms.
The Rossmann chain has signed a contract with DL Invest Group to lease several hundred square metres of space in the newly built DL Shopping Mikołów retail park in Silesia, Poland.
A café from the Green Caffè Nero chain has opened at Centrum Praskie Koneser, a revitalised mixed-use complex in Warsaw. The restaurant has taken up an area of 233 sqm.
A Venezia brand shop has reopened in Kraków's Bonarka shopping centre. The store is approximately 160 sqm in size and has been decorated in a new concept.
New appointments
Piotr Herian has taken up the position of ISS CFO for Poland and the Baltics. ISS is a leading company in the creation of friendly workplaces and comprehensive facilities management.
Paulina Strutyńska has been promoted to the position of Leasing & Asset Director at Skanska’s commercial development business unit. She is now responsible for leasing processes in the Warsaw market as well as Key Customer Management. Agnieszka Krawczyk-Rogowska is responsible for project commercialization and client liaison in Gdańsk, Kraków, and Bucharest, while Marek Stasieńko is responsible for the Wrocław, Poznań, and Łódź markets.
The Supervisory Board of Globe Trade Centre S.A. has appointed Balázs Gosztonyi as a member of the Management Board of GTC S.A. Balázs Gosztonyi has held the position of Chief Financial Officer at GTC Hungary since January 2024. He joined GTC Group in September 2023 as Group Controlling Director.
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