ARTICLES LABELLED WITH TAG bucharest
10
Nov
2022
Nov
2022
Bucharest remains among most cost-efficient office markets in CEE
Prime headline rents in Bucharest continued to increase in the third quarter, reaching a monthly level of €19.5 per sqm, compared with €18.5 per sqm at the beginning of the year. However, the capital city remains among the less expensive destinations in Europe in terms of office occupancy costs.
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09
Nov
2022
Nov
2022
Forty Management fully sells Bucharest resi project
Romanian developer Forty Management has sold out the Central District Viitorului 134 residential project, one month before construction completion. The Bucharest-based complex has a gross development value of €12.8 million without VAT.
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04
Nov
2022
Nov
2022
Romanian resi market records price drop in Q3 2022
Prices of homes in Romania fell by an average of 1.8% in Q3 2022 compared to Q2 2022, although in large regional cities such as Timișoara, Brașov and Iași the prices continued to grow in this period, according to property platform Imobiliare.ro.
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03
Nov
2022
Nov
2022
Industrial demand in Romania hits record in Q3 2022
Romania's industrial market continued to perform impressively in Q3 2022, with gross demand reaching a record high of around 408,700 sqm, from 188,400 sqm in Q2 and 129,000 sqm in the same period of last year, according to real estate consultancy JLL Romania.
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03
Nov
2022
Nov
2022
HANN Development gets permit for villas near Bucharest
HANN Development, owned by Turkish businessperson Bahri Büyükhanlı in association with Emre Büyükhanlı, has recently received the building permit for a residential project in a locality near northern Bucharest.
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02
Nov
2022
Nov
2022
Romanian industrial market registers vacancy low
Demand for logistics and industrial space is close to registering a new record in 2022 as the vacancy rate reached 4.3% at the end of Q3, which is one of the lowest levels in the last decade, according to real estate consultancy Cushman & Wakefield Echinox.
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01
Nov
2022
Nov
2022
Pavăl Holding buys office project in Bucharest
Pavăl Holding, the investment vehicle of the Pavăl family, has purchased first phase of the U•Center office project in the Tineretului area of Bucharest from Romanian developer Forte Partners for an undisclosed sum.
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01
Nov
2022
Nov
2022
One United Properties gets resi scheme permitted in Bucharest
Romanian developer One United Properties has obtained the building permit for One Floreasca Towers, which will be built on a plot of land of 5,600 sqm, located in the Promenada Mall business area in Bucharest.
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01
Nov
2022
Nov
2022
Metav invests €40 million in Bucharest resi project
Romanian property company Metav will invest more than €40 million in the development of a new residential project with 164 units in Bucharest.
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27
Oct
2022
Oct
2022
One United Properties gets permit for Bucharest apartments
Romanian developer One United Properties has secured the building permit for One High District, a large-scale premium development with 786 apartments. The gross development value of the project is €154.2 million and delivery is estimated for the end of 2025.
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New leases
- Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
- Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
- Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.
New appointments
- Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
- Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
- Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
