Local real estate developer Camicna Development has started the construction of Acmanic, a boutique luxury residential project worth €25 million that includes 51 duplex apartments.
Over 27,000 new homes are under construction in Bucharest and its surrounding areas, which is the largest number in the modern history of the local residential market, according to real estate consultancy SVN Romania.
The number of residential units sold in Romania in the first 10 months of 2021 increased by 65% to more than 150,000 individual units compared to the same period form 2021, according to official data from the National Agency of Cadastre and Real Estate Advertising.
Chairry, a company specializing in fit-out - complete interior design solutions, has leased 240 sqm in UpGround complex in northern Bucharest. The project is owned by Globalworth.
French B2B and B2C specialist Armatis has leased 1,800 sqm in the Wave office building in Gdańsk’s Oliva district, which was developed and is owned by Skanska. Cushman & Wakefield advised the company for the lease agreement.
Flex office provider New Work is opening a new location in Prague, at Smichov Business Park.
New appointments
Garbe Industrial Real Estate CEE expands its teams in the region with the appointments of Veronika Zacha and Jan Hradecky, both are coming from Panattoni. Veronika Zacha is joining as Senior Business Development Manager for Czechia and Jan Hradecky will hold a Project Manager position.
Colin King has been appointed Strategic Advisor of Romanian PropTech Bright Spaces. King has worked for over 30 years with large public companies and private mid-cap growth businesses, all with revenue well in excess of £1 billion.
Bryan Wilson has left Wilsons as Partner and is now Head Of CEE at DUAL Asset, a London-based comprehensive title insurance solution provider.
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