ARTICLES LABELLED WITH TAG bucharest
24
Oct
2022
Oct
2022
Bucharest office deliveries slow down by Q3
The office market is going through a period of stagnation, recording demand values similar to those of 2021, while new deliveries amounted to 105,000 sqm by September 2022, compared to 154,000 sqm in the same period of last year, according to real estate consultancy JLL Romania.
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20
Oct
2022
Oct
2022
GTC completes refurbishment of Bucharest office project
Property developer GTC has completed the refurbishment of its City Gate Complex office project in Bucharest following an investment of €3.5 million.
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19
Oct
2022
Oct
2022
Bucharest hits 5-year office delivery low
While Bucharest’s office stock totaled 3.3 million sqm at the end of the third quarter of 2022, there were only five new office buildings completed and just another one will be delivered by year-end, which would make it a 5-year low for the market, according to real estate consultancy CBRE.
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11
Oct
2022
Oct
2022
Bog’Art completes Bucharest resi project
Romanian construction group Bog’Art has completed the development of its own luxury residential project Art City in northern Bucharest, which is valued at more than €20 million.
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10
Oct
2022
Oct
2022
Industrial leasing in Romania posts strong performance in Q3 2022
Close to 50% of the warehousing surfaces for which lease contracts were signed in 2022 were transacted during July – September of this year, according to real estate consultancy Dunwell Industrial Brokerage.
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06
Oct
2022
Oct
2022
Property investments in Romania up 16.5% by Q3 2022
Investment transactions in Romania’s commercial property sector amounted to €656 million in the first three quarters of 2022, which was up 16.5% compared to the same period of last year, with offices driving deal volumes, according to real estate consultancy JLL Romania.
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06
Oct
2022
Oct
2022
One United Properties buys office project in Bucharest
Romanian developer One United Properties has purchased Bucharest-based office project Eliade Tower from Eurobank Greece for €9.5 million. The building is located near the company’s mixed-use complex One Floreasca City.
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04
Oct
2022
Oct
2022
Colliers to handle leasing of Vitan Estates in Bucharest
US-owned Bucharest Properties REIT has appointed real estate consultancy Colliers to provide full corporate leasing services for Vitan Estates, Bucharest's first residential development exclusively for rental.
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04
Oct
2022
Oct
2022
STC Partners gets permit for Bucharest resi project
Property developer STC Partners has obtained the building permit for both phases of the Quartier Azuga residential complex, along with the Green Homes pre-certification and will start construction works for the first phase this autumn.
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30
Sep
2022
Sep
2022
CTP gets BREEAM Outstanding for Clubhaus in CTPark Bucharest West
Industrial developer CTP has obtained the first BREEAM Outstanding certification in its Romanian portfolio for the Clubhaus multifunctional space, part of CTPark Bucharest West.
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- ELI Parks expands industrial project in Iași
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- Trigea acquires Wola Center in major Warsaw office deal
- Panattoni delivers 15,000 sqm factory for E.G.O. in Łódź
- P3 signs new Mexen deal for 41,000 sqm warehouse in Poland
- 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.
