ARTICLES LABELLED WITH TAG Bucharest

News One United Properties reports resi sale fall in Q1 2024
22
Apr
2024

One United Properties reports resi sale fall in Q1 2024

by Property Forum
Romanian developer One United Properties said its residential sales and pre-sales volumes totaled €57.1 million in Q1 2024, down by around 10% year-on-year.
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News River Development names new Managing Partner
17
Apr
2024

River Development names new Managing Partner

by Property Forum
Romanian developer River Development has appointed Oana Rădulea as Managing Partner, replacing Liviu Birău. She assumed her new role in January 2024.
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News One United Properties shareholders raise close to €44 million from sale
15
Apr
2024

One United Properties shareholders raise close to €44 million from sale

by Property Forum
The two main shareholders of One United Properties, Victor Căpitanu and Andrei Diaconescu, sold shares in the company alongside minority shareholders CC Trust AG and Altius SA. 
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News Which CEE city has the lowest office fit-out costs?
11
Apr
2024

Which CEE city has the lowest office fit-out costs?

by Property Forum
Bucharest still has some of the lowest fit-out costs in the region for offices, despite an increase of around 15-20% during the past 12 months, according to Cushman & Wakefield Echinox data. Office fit-out costs in Bucharest have an average of €943 per sqm, which is 32% below Warsaw and Prague, and 32% above Sofia, which has the most advantageous costs in the region.
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News IBB Holding starts resi investment in Bucharest region
11
Apr
2024

IBB Holding starts resi investment in Bucharest region

by Property Forum
IBB Holding Romania, founded by Romanian entrepreneur Ion Crăciunescu, has started the development of a new residential complex in Pipera, near northern Bucharest, which will have a market value of around €160 million.
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News Bucharest office leasing soars 71% in Q1 2024
09
Apr
2024

Bucharest office leasing soars 71% in Q1 2024

by Property Forum
Office leasing in Bucharest reached 97,400 sqm in Q1 2024, up 71% compared to the same period of last year, while take-up transactions that cover relocations and new demand were flat year-on-year at 33,000 sqm, according to a CBRE report.
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News Fashion House to extend outlet centre in eastern Bucharest
09
Apr
2024

Fashion House to extend outlet centre in eastern Bucharest

by Property Forum
Fashion House Group will deliver in late June the second phase of its outlet centre in the Pallady area, eastern Bucharest, following an investment of €45 million.
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News NEPI Rockcastle completes its first resi project in Romania
08
Apr
2024

NEPI Rockcastle completes its first resi project in Romania

by Property Forum
Property group NEPI Rockcastle has completed its first residential project in Romania. The Bucharest-based Vulcan Residence complex features 254 apartments and has been delivered with an 80% sale rate.
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News Nexo Group to invest €10 million in villas near Bucharest
04
Apr
2024

Nexo Group to invest €10 million in villas near Bucharest

by Property Forum
Nexo Group, a Romanian full-service group for real estate development, construction, and housing installations, will invest €10 million in the construction of villas in Pipera area, near northern Bucharest.
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News One United Properties makes large land purchase in Bucharest
04
Apr
2024

One United Properties makes large land purchase in Bucharest

by Property Forum
Romanian developer One United Properties has purchased a 21-hectare land plot in Bucharest for an undisclosed amount. The company plans to start a new residential development that will feature around 5,000 homes.
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Latest news


New leases

  • Croda Poland, a company that supplies specialty chemicals for the production of pharmaceuticals, cosmetics, household chemicals and crop protection products, will lease more than 510 sqm in the Unity Square One building. JLL was responsible for both tenant and landlord representation in the transaction process.
  • Angelini Pharma Polska, one of the leaders of the pharmaceutical market in Poland, has once again extended its lease agreement for warehouse and office space in MLP Pruszków I. The tenant has been using approximately 1,5000 sqm of space in this logistics centre for 21 years. This makes Angelini Pharma Polska one of the longest-cooperating tenants of MLP Group.
  • Kärcher, a supplier of professional cleaning equipment, has chosen the second phase of LogiCube Park for its new 1,000 sqm service and logistics center in Hungary. Additionally, MedRes, a company operating in the healthcare sector, has begun moving in and will soon commence production in the same project. The leasing was overseen by 108 Real Estate, the strategic partner of the park’s investor.

New appointments

  • Elżbieta Majdan is joining the Property & Asset Management team at Savills Poland as an Associate Director. Elżbieta brings 15 years of experience in managing and commercialising retail properties, gained while implementing key projects on the Polish market.
  • Savills Czech Republic announces new hires and promotions within its valuation team. Daniel Duchek has joined as a Senior Valuer, Alena Arnoldová has strengthened the team as a Junior Valuer, and Ivana Horáková has been promoted Valuer. Under the leadership of Marek Pohl, the team now consists of seven consultants specialising in the valuation of a wide range of assets – from commercial, residential, and hospitality properties to leisure, healthcare facilities, and land.
  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.

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