New office spaces with a combined surface of 153,900 sqm have been delivered in the first nine months in Bucharest, of which 107,900 sqm in Q3 alone, according to real estate consultancy JLL Romania. Total deliveries were up 24% year-on-year. 

The appearance and functionality of a building’s reception area is in many cases the first impression of a company that potential clients and business partners will see. Do you remember the lobbies that truly impressed you? In the same way, you probably haven't forgotten those that did exactly the opposite. Smart systems in the reception area can enhance a positive experience, solve several problems and improve collaboration across departments. Can your receptionist do that too? Katarína Karmažinová, PR Manager at Colliers in the Czech Republic asks the question.

Romanian developer Forty Management plans to start new residential projects covering 138,000 sqm with a market value of more than €310 million. The investments are in various permitting stages. 

Romanian developer Iulius says that retail operator Auchan will have anchor supermarkets in the Family Markets projects developed near Iași.

Flex office provider Mindspace secured a funding of $72 million. The investment round is intended to support the continuation of the company's growth and its further expansion in Europe, the United States and Israel. The round was led by Harel Insurance Investments and Financial Services Ltd., More Provident Funds, Arkin Holdings and existing investors. Existing investors include Yoav Harlap, Kobi Rogovin and Globalworth.

JLL will be responsible for searching future tenants for commercial premises inside two of Yareal’s largest projects in Warsaw’s Wola and Kamionek districts.

Just two months after it sold the Máriássy 5 office building, Budapest-based Adventum has concluded another successful deal as its Adventum TRIUM Property Fund sold Budaörs Office Park from its portfolio.

CPIPG and funds managed by affiliates of Apollo Global Management, Inc. have agreed upon Apollo’s subscription for new shares for a total amount of €300 million. Subject to the satisfaction of certain closing conditions, CPIPG expects that the new shares will be issued to the Apollo Funds before the end of 2021, resulting in a stake of about 5.5%.

The pandemic has already shaped shopping habits and will continue to do so, mainly because of the strong impact it has had and is having at a psychological level, shifting personal priorities. Sebastian Mahu, Head of Asset Management, IULIUS Company talked to Property Forum about the trends driving Romania’s retail market and shared the developer’s plans for the future.

Real estate advisory firm Savills has been appointed as the exclusive leasing adviser for Marynarska Point I in Warsaw’s Mokotów district.