ARTICLES LABELLED WITH TAG Bucharest

News Fashion House to expand outlet in eastern Bucharest
08
Feb
2023

Fashion House to expand outlet in eastern Bucharest

by Property Forum
Fashion House Group will start in the second quarter of this year the construction of the second phase of Fashion House Outlet Centre Pallady, which is located in the eastern part of Bucharest. 
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News Bucharest might not see new office deliveries in 2024
07
Feb
2023

Bucharest might not see new office deliveries in 2024

by Property Forum
While around 100,000 sqm of new office space is expected in Bucharest this year, no new project is slated for delivery in 2024 which would move the city into a landlord’s office market, according to Colliers. 
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News Speedwell to install PV panels on offices in Romania
07
Feb
2023

Speedwell to install PV panels on offices in Romania

by Property Forum
Property developer Speedwell says it will be installing photovoltaic panels on two of its office projects in Bucharest and Cluj-Napoca in a bid to make its building more sustainable. 
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News Industrial deliveries in Romania to exceed 500,000 sqm in 2023
02
Feb
2023

Industrial deliveries in Romania to exceed 500,000 sqm in 2023

by Property Forum
The volume of industrial and logistics projects slated for delivery in Romania this year will reach at least 510,000 sqm, compared with 875,000 sqm in 2022, according to data from JLL Romania. 
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News Pedro Construct completes office building in Bucharest
02
Feb
2023

Pedro Construct completes office building in Bucharest

by Property Forum
Romanian developer Pedro Construct has completed a new office building spanning 9,500 sqm in Bucharest following an investment of around €18 million.  
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News Bucharest office demand up 10% year-on-year
01
Feb
2023

Bucharest office demand up 10% year-on-year

by Property Forum
New demand in Bucharest's office market (new leases, pre-leases and relocations from non-competitive stock) had a share of 57% or 185,000 sqm of the total office take-up in 2022. Demand itself was up 10% year-on-year, according to a study by real estate consultancy Cushman & Wakefield Echinox. 
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News Globalworth secures 47 ESG certifications for Romanian portfolio
31
Jan
2023

Globalworth secures 47 ESG certifications for Romanian portfolio

by Property Forum
Real estate group Globalworth has received 47 ESG-related certifications for its Romanian portfolio during 2022. One of the highlights in terms of sustainability was the scoring achieved at Globalworth Square, which got a BREEAM Outstanding accreditation, with a 99% scoring.
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News Resi rent prices in Romania up 8.7% in 2022
30
Jan
2023

Resi rent prices in Romania up 8.7% in 2022

by Property Forum
Rent prices for apartments in major Romanian cities rose on average by 8.7% in 2022 over higher demand, according to property platform Imobiliare.ro. 
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News Office rents in Bucharest could grow in 2023
26
Jan
2023

Office rents in Bucharest could grow in 2023

by Property Forum
The office market in Bucharest could start to see a mode generalized increase in rents due to a limited volume of deliveries slated for 2023 and a limited vacancy rate for modern buildings, predict experts of Colliers. 
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News Office demand in Bucharest stays flat in 2022
25
Jan
2023

Office demand in Bucharest stays flat in 2022

by Property Forum
Demand for office space in Bucharest was flat at 286,100 sqm in 2022 compared to the previous year, while the vacancy rate fell slightly to 12.54%. Demand was driven by the IT sector, which had a share of more than 25% of the office leasing market, according to JLL Romania.
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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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