ARTICLES LABELLED WITH TAG bucharest
25
Oct
2018
Oct
2018
pbb provides €43 million to Revetas for Bucharest acquisition
pbb Deutsche Pfandbriefbank has provided a credit facility of €43 million to Revetas Capital Fund III for the acquisition of the newly built office complex called The Landmark, in Bucharest, Romania. It is envisaged that an affiliate of Cerberus Capital Management will join Revetas in this transaction. pbb acted as arranger and sole lender under the facility.
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25
Oct
2018
Oct
2018
Ikea postpones opening of second Bucharest store
Ikea has postponed the opening of its €80 million second store in Bucharest for next year. The opening of the store in Eastern Bucharest was initially scheduled for the end of this summer.
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19
Oct
2018
Oct
2018
Orbis expands in Romania by signing new Bucharest hotel
Orbis Hotel Group, the strategic partner of AccorHotels, has signed a management contract for a new ibis Styles hotel in the city centre of Bucharest.
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18
Oct
2018
Oct
2018
Coworking operator Spaces expands in Bucharest
CBRE advised coworking operator Spaces on leasing 4,100 sqm of office space in Expo Business Park, located in the Expoziției area of Bucharest. The leasing contract exceeds the market average length of five years.
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18
Oct
2018
Oct
2018
CEC Bank finances Bucharest mall’s expansion
CEC Bank and Veranda Mall have signed two financing agreements totalling €34 million, aiming to refinance the development of the project and finance the expansion and modernisation of the shopping centre. Both funding rounds were provided in the form of investment credits for a period of 15 years.
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18
Oct
2018
Oct
2018
Speedwell launches residential project in Bucharest
Belgian real estate developer Didier Balcaen is investing €15 million in a residential project called Triama Residence in the National Arena neighbourhood of Bucharest, profit.ro reports.
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11
Oct
2018
Oct
2018
Bucharest office occupancy costs show huge differences
Companies in Bucharest that operate in modern office buildings have monthly occupancy costs ranging between €175 and €500 per employee, according to an analysis by Cushman & Wakefield Echinox.
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04
Oct
2018
Oct
2018
Hanner’s Bucharest mixed-use project to be completed by 2020
Fosta Fabrica, the restoration and conversion project of the former Grivita brewery in Bucharest, received all necessary permits and it is expected to be completed in 2020 by Lithuanian developer Hanner Group.
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04
Oct
2018
Oct
2018
High supply of boutique office space in Bucharest
A record volume of boutique office space will be delivered in Bucharest by the end of this year, according to ESOP Romania’s press release.
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04
Oct
2018
Oct
2018
WDP to invest €75 million in Romania by 2019
Belgian logistics property developer Warehouses de Pauw (WDP) plans to invest €75 million in four properties on three different sites in Romania by the end of 2019.
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Latest news
- NEPI Rockcastle makes first purchase outside CEE
- JTRE secures anchor tenant for Bratislava project
- UBM Development moves Prague office to Smíchov
- Rising Czech demand for Croatian coastal homes
- Redkom Development builds retail park in Kalisz
- Greenery cuts urban heat in Bratislava
- Bucharest office vacancy reaches five-year low
- Bratislava office leasing hits 53,000 sqm in Q2 2026
- Decarbonisation is a competitive edge in Romania
- Colliers reports tight office supply in Prague
New leases
- UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
- Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
- Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.
New appointments
- Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
- Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
- Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.
