ARTICLES LABELLED WITH TAG bucharest
25
Jul
2023
Jul
2023
Retail attracts more investments in Romania during H1 2023
The retail industry attracted 21% of the total investment volume recorded in the first half of 2023, which was 7% higher than the same period last year, according to data from CBRE. At the same time, the segment accounted for around €39 million of new investments.
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13
Jul
2023
Jul
2023
Bucharest office leasing up 48% in Q2 2023
Office leasing in Bucharest totaled 128,915 sqm in the second quarter of 2023, up 48% compared to the same period of last year, driven by large deals closed by retail, financial and technology firms, according to a report by Fortim Trusted Advisors, a member of BNP Paribas Real Estate Alliance.
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11
Jul
2023
Jul
2023
Cosmopolis to integrate school campus in resi project near Bucharest
Opus Land and Mark Twain International School have signed a partnership for the construction of a private educational campus within the Cosmopolis residential complex based in the northern region of Bucharest.
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06
Jul
2023
Jul
2023
Office leasing in Bucharest up 12% in H1 2023
The office leasing activity in Bucharest was up 12% in the first half of 2023 compared to the same period of 2022, with volumes reaching 169,000 sqm, according to a Crosspoint Real Estate report.
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05
Jul
2023
Jul
2023
Comnord starts resi project in northern Bucharest
Romanian property developer Comnord Development will start in September the construction of a new luxury residential project in northern Bucharest, with a projected investment of €30 million.
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04
Jul
2023
Jul
2023
GTC sees higher demand for ESG-friendly workplaces
Ziv Gigi, GTC’s Executive Director for SEE, spoke with Property Forum about the new tenants attracted to the City Gate complex in Bucharest, the importance of amenities in boosting the work environment and the growing demand for ESG-ready projects.
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29
Jun
2023
Jun
2023
Atenor is open to Romania's regional cities if opportunities arise
Viorel Lăcătuș, Country Manager in Romania for Atenor, talked to Property Forum about the company’s ongoing residential and office developments in Bucharest and the growing interest of tenants for the sustainability certifications of buildings.
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27
Jun
2023
Jun
2023
Redport Capital delivers 127 apartments in northern Bucharest
Local real estate developer Redport Capital, founded by Cosmin Savu-Cristescu, has announced the completion of 127 apartments in The Level Apartments project and the construction start for the new phase of the complex located in the Străulești area of northern Bucharest.
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27
Jun
2023
Jun
2023
Bucharest records higher demand for qualitative offices
The demand for office development or refurbishment projects remains high as more companies are looking for quality workspaces, according to CBRE data.
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22
Jun
2023
Jun
2023
Bank-financed housing purchases fall in Romania
The housing loan stock is now growing by only 1.2% in Romania, with the slowdown becoming noticeable starting with the second half of last year, while the number of apartment transactions fell by almost 30% in Bucharest and regional cities in the first five months of the year, according to Colliers.
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- SCF launches retail park fund targeting 10% annual returns
New leases
- Olimpia Gallery in Bełchatów, managed by EPP, has signed new and extended lease agreements covering nearly 2,500 sqm. Bel-Pol will open a new store of approximately 1,200 sqm, while Rossmann and CCC will expand their stores to over 600 sqm each starting next year.
- Eeze, the casino software and tech provider headquartered in Malta with offices in London, has leased 1,200 sqm of office space in Bucharest-based AFI Park Floreasca. The transaction was brokered by Crosspoint Real Estate.
- Garmin, specializing in technology and GPS products for various markets, has leased 8,000 sqm across the UBC Tower and UBC Riviera buildings near Iulius Mall Cluj.
New appointments
- CBRE Investment Management announced the firm is evolving the leadership model in its EMEA Direct Real Estate business. Under the enhanced structure, Rik Eertink will assume the role of President and CIO of EMEA Direct Real Estate, after serving as President of EMEA Direct Real Estate for the past five years.
- Nhood has appointed Mihaela Petruescu as the new Country Director for Property Services Romania & Poland as of October. She previously held leadership positions at large real estate firms, such as Cushman & Wakefield Echinox and CBRE Romania.
- Daniel Orczyk has been named Senior Project Manager at the technical advisory department of Avison Young in Poland. He is a licensed structural engineer and building site manager with over 20 years of experience.
