ARTICLES LABELLED WITH TAG Bucharest

News Andreea Păun, Griffes: "Headline office rents in Bucharest to remain on growth path"
06
Jun
2023

Andreea Păun, Griffes: "Headline office rents in Bucharest to remain on growth path"

by Ovidiu Nicolae
Andreea Păun, Managing Partner of Griffes, spoke with Property Forum about the outlook of rents and new office developments in Bucharest as well as the demand trends. This year, Griffes aims to close 10% more leasing deals with a combined value of more than €20 million.
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News Lion Capital buys large land plot in Constanța
01
Jun
2023

Lion Capital buys large land plot in Constanța

by Property Forum
Lion Capital, a public financial investment company, has purchased a land plot of 11 hectares in western Constanța in a deal valued at more than €10 million.
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News Bucharest permitting limitations to put pressure on office rents
31
May
2023

Bucharest permitting limitations to put pressure on office rents

by Property Forum
The massive delays in the issuance of permits for new real estate projects in Bucharest will put upward pressure on office rents, according to a report by Griffes
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News STC Partners reaches 50% sale rate for resi project in Bucharest
31
May
2023

STC Partners reaches 50% sale rate for resi project in Bucharest

by Property Forum
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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News Bucharest drives office leasing within Romania in Q1 2023
30
May
2023

Bucharest drives office leasing within Romania in Q1 2023

by Property Forum
Bucharest accounted for 75% of the total office space that was leased across major Romanian cities in Q1 2023 according to a study by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance. 
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News Honeywell takes 24,000 sqm from Globalworth in Bucharest
29
May
2023

Honeywell takes 24,000 sqm from Globalworth in Bucharest

by Property Forum
Software industrial company Honeywell has expanded its lease in Globalworth’s BOC office building in Bucharest and will occupy over 24,000 sqm.
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News Speedwell expands industrial project near Bucharest
29
May
2023

Speedwell expands industrial project near Bucharest

by Property Forum
Belgian developer Speedwell has started the construction works for the second phase of development for SpacePlus West project, near Bucharest. The new development will have a leasable area of 7,000 sqm, while the whole project will reach 10,000 sqm. 
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News NEPI Rockcastle obtains certificate for Ploiești Shopping City
25
May
2023

NEPI Rockcastle obtains certificate for Ploiești Shopping City

by Property Forum
Property group NEPI Rockcastle has obtained a BREEAM In-Use V6 Excellent certification for Ploiești Shopping City as part of its strategy to upgrade its operations to the highest ESG standards. 
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News One United Properties sells office building in Bucharest
23
May
2023

One United Properties sells office building in Bucharest

by Property Forum
Romanian developer One United Properties has sold Bucharest-based One North Gate, an office building spanning 4,500 sqm with an occupancy rate of 80%, to Element Investiții Imobiliare, owned by domestic investors, in a deal worth €6 million. 
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News Bucharest hotel occupancy gets close to pre-pandemic levels
23
May
2023

Bucharest hotel occupancy gets close to pre-pandemic levels

by Property Forum
The occupancy of Bucharest hotels increased by 33% in the first quarter compared with the same period of last year, and remains about 5% below the 2019 level, according to a report by Cushman & Wakefield Echinox.
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Latest news


New leases

  • The Embassy of the Republic of the Philippines has moved to Bucharest-based SkyTower, operating out of a 580 sqm space under a 5-year lease agreement. The building also hosts the Embassy of the Republic of Korea in Romania.
  • De Heus, a producer of animal feed, which has built a strong presence in the Polish market, has leased 7,050 sqm of warehouse and office space at GLP Łódź III Logistics Centre. This is the first Class A warehouse of De Heus in Poland. The tenant was advised by specialists from Newmark Polska during the search for the right space and throughout the lease negotiations.
  • Endava has leased an additional 2,400 sqm in the UBC 1 building, part of the Palas Iași mixed-use complex owned by Iulius. This expansion brings its total office area to 5,500 sqm.

New appointments

  • MLP Group strengthened its management structures. Maciej Müldner, a manager with over 30 years of experience in finance at international corporations and banks, joins the Management Board. He will be responsible for further strengthening the Group’s financial position.
  • Indotek Group has welcomed Viktor Nagy, who joined us in September as Head of Non-Retail Sales. With more than 20 years of experience in the real estate sector, Viktor has held leadership positions at international companies such as Immofinanz, EHL Real Estate Hungary and Atlas Estates. In his new role, he will be responsible for further developing our non-retail sales strategy and strengthening international relations.
  • Paweł Reszczyński has been promoted to Land Development Director and will be responsible for coordinating land acquisition and investment processes for new logistics and industrial projects. Developing the land bank remains a key pillar of MLP Group's long-term expansion strategy.

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