ARTICLES LABELLED WITH TAG Bucharest

News Renewals drive office leasing in Bucharest during H1 2024
17
Sep
2024

Renewals drive office leasing in Bucharest during H1 2024

by Property Forum
Contract renewals accounted for approximately 50% of office transactions in Bucharest during H1 2024, while the total demand fell to around 160,000 sqm, according to a Colliers report. 
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News River Development moves all projects under Sema umbrella
11
Sep
2024

River Development moves all projects under Sema umbrella

by Property Forum
Romanian investor and developer River Development has announced its rebranding as Sema Real Estate, with all current and new projects to be reunited under this umbrella. 
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News Over 28,500 apartments under development in localities near Bucharest
06
Sep
2024

Over 28,500 apartments under development in localities near Bucharest

by Property Forum
The ongoing residential developments in areas near Bucharest count around 28,500 apartments, with Voluntari town and Tunari commune among the locations with the biggest volume of new construction, according to a report by Imobiliare.ro. 
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News Office leasing in Bucharest falls during H1 2024
05
Sep
2024

Office leasing in Bucharest falls during H1 2024

by Property Forum
The volume of office leasing in Bucharest amounted to 168,000 sqm during H1 2024, down 11% compared to the same period of last year, with the average new lease deal at more than 1,100 sqm, according to Cushman & Wakefield Echinox. 
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News Strabag to build new office for PPF Real Estate in Bucharest
02
Sep
2024

Strabag to build new office for PPF Real Estate in Bucharest

by Property Forum
The Romanian unit of Strabag has been selected as generator contractor for the construction of a new office building for PPF Real Estate in Bucharest. 
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News Genesis Property secures BREEAM certification for building in Yunity Park
02
Sep
2024

Genesis Property secures BREEAM certification for building in Yunity Park

by Property Forum
Romanian developer Genesis Property has obtained the BREEAM International In-Use certification, Outstanding, for Building F in its Bucharest-based Yunity Park business campus.
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News CTP rolls out CTBox concept in Romania with flexible spaces
29
Aug
2024

CTP rolls out CTBox concept in Romania with flexible spaces

by Property Forum
Industrial developer CTP has launched its first CTBox building in Romania on the premises of CTPark Bucharest West. 
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News Logicor makes large land purchase in Eastern Bucharest
27
Aug
2024

Logicor makes large land purchase in Eastern Bucharest

by Property Forum
Logistics developer Logicor has purchased a land plot spanning 4.6 hectares from toy retailer Jumbo for an undisclosed sum.
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News Immofinanz sells office project in northern Bucharest
26
Aug
2024

Immofinanz sells office project in northern Bucharest

by Property Forum
Austrian real estate group Immofinanz, part of CPI Property Group, has sold its office complex Iride Park in northern Bucharest for around €45 million. 
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News Romania sees more hotel deals under €5 million
26
Aug
2024

Romania sees more hotel deals under €5 million

by Property Forum
Romania’s hotel market has recorded transactions with an average value under €5 million over the past 18 months, according to a Crosspoint Real Estate report. 
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Latest news


New leases

  • Stay Fit Gym, the largest fitness chain in Romania and Eastern Europe, is launching a new premium concept for those seeking high-end facilities. The brand is debuting its first "Black" type centre in the Palas Iași mixed-use complex, owned by Iulius.
  • Toy manufacturer and distributor Simba Toys Polska has extended its lease for approximately 8,550 square meters in the MLP Pruszków II logistics complex for another period. Axi Immo assisted the tenant in closing the transaction.
  • Vastint Romania has attracted Romanian confectionery brand French Revolution as a new tenant in Bucharest-based Timpuri Noi Square. French Revolution Timpuri Noi Square is the 6th store of the company in Bucharest.

New appointments

  • Avison Young's Valuation and Advisory team in Poland has welcomed a new member, Michał Marynowski, who takes the role of Assistant Valuer. Among other experiences, he worked at the Court of Appeal in Warsaw, where he was responsible for verifying execution documentation for selected investments, updating data in the premises database for court buildings, and analysing tender bids. Proficient in GIS, AutoCAD, and Revit, he also has strong skills in interpreting planning documents.
  • Golden Star Group, an international investment firm operating in the real estate sector, has announced the promotion of two key specialists within its Polish team. Paweł Moczybroda has been appointed Group Chief Financial Officer, while Ewa Dragunajtys has been promoted to Head of Asset Management.
  • Tomasz Chojnacki, a commercial property expert with nearly 20 years’ experience, has joined international real estate advisory firm Newmark Polska as Regional Director for Southern Poland in its Office Department, with effect from 1 August. His key responsibilities include representing office tenants during relocations and lease renegotiations.

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