ARTICLES LABELLED WITH TAG adi-steiner
07
Nov
2023
Nov
2023
Resi prices expected to grow in Romania next year
The increase of VAT to 9% will lead to a price increase, while buyers have a growing interest in green homes, concluded speakers of the residential panel of SEE Property Forum 2023, held in Bucharest recently.
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01
Aug
2023
Aug
2023
"Banks have become more reluctant to finance the residential sector"
Adi Steiner, Managing Partner of STC Partners spoke to Property Forum about the developer’s new residential project in Bucharest and new investment opportunities being explored nationwide, as well as the increasingly sophisticated requirements of home buyers, with a focus on sustainability.
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31
May
2023
May
2023
STC Partners reaches 50% sale rate for resi project in Bucharest
STC Partners has reached a 50% sale rate for the first phase of its residential project Quartier Azuga, which is under development in Bucharest.
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15
May
2023
May
2023
Market liquidity set to grow in Romania
Romania’s property sector has more liquidity and deals are taking place across sectors, although the country is not in a late stage of price discovery, concluded speakers of the dealmakers panel at the Spring Networking Party 2023, organised by Property Forum earlier this month in Bucharest
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17
Jan
2023
Jan
2023
STC Partners gets funding for Bucharest resi project
Romanian developer STC Partners has secured bank financing from Banca Transilvania for the first phase of Quartier Azuga residential project in Bucharest worth €6 million.
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23
Jun
2022
Jun
2022
STC Partners to develop new resi project in Bucharest
STC Partners will invest more than €20 million in a new residential complex comprising over 200 apartments in Bucharest. The first development phase of Quartier Azuga will kick off in October 2022 and is slated for delivery in the first semester of 2024, while the entire project should be completed in early 2025. Crosspoint Real Estate has been appointed exclusive sales agent.
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Latest news
- Warsaw-based Mennica Towers secures €160 million refinancing deal
- Riverside International School acquires Olympus HQ in Prague
- Ares Management to sell logistics parks in Czechia and Hungary
- Prime Kapital exceeds 1,000 resi units in Iași mixed-use project
- Bratislava office vacancy drops in Q1 2026
- Fetters to manage Prague's Galerie Modřany development
- iwis reaches 11,000 sqm in CTPark Oradea City
- EQT secures €214 million loan from pbb for logistics portfolio
- CPI Europe sells historic Prague building
- Yareal starts final phase of Soho mixed-use scheme in Warsaw
New leases
- Golden Star Estate has secured two ground-floor tenants at its Warsaw-based Konstruktorska Business Center. 5 SENSES has signed as the new canteen operator, occupying 560 sqm of ground-floor retail space. Concurrently, CONTRACT Meble Biurowe has extended its commitment to the property. The firm, which has operated a publicly accessible showroom at the site since 2021, renewed its lease for 350 sqm on the ground floor.
- American retailer GAP entered the Romanian market at Fashion House Militari, followed by the launch of an Italian Stefanel store at Fashion House Pallady, with a further Stefanel location scheduled to open shortly in Militari.
- Primark will launch its first retail location in Craiova in early June. The 3,185 sqm store will be situated within ElectroPutere Mall and marks the retailer’s fifth unit in Romania.
New appointments
- Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
- Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
- Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.
