ARTICLES LABELLED WITH TAG bucharest
02
Aug
2022
Aug
2022
New BTR resi project gets started in Bucharest
American-owned company Bucharest Properties REIT has started the development of a new block with 55 apartments for rent in the Vitan Estates residential project in Bucharest.
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02
Aug
2022
Aug
2022
SLS Cargo leases 11,412 sqm in P3 Bucharest A1
Transport and logistics operator SLS Cargo has leased another 11,412 sqm in P3 Bucharest A1 logistics park and will occupy more than 30,000 sqm in the project following the latest lease transaction brokered by JLL Romania.
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01
Aug
2022
Aug
2022
Lion’s Head names new Country Manager for Romania
Property company Lion’s Head has appointed Alina Necula as Country Manager for Romania, tasked with managing operations and handling the expansion strategy.
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28
Jul
2022
Jul
2022
Crown Holding buys office building in Bucharest
Hungarian Crown Holding Kft. has purchased Cascade Office Building in central Bucharest for €10.1 million.
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27
Jul
2022
Jul
2022
Property investments in Romania up 13% in H1 2022
The amount of property investments in Romania totaled €336 million in the first half of 2022, up around 13% year-on-year, while solid pipeline of transactions is under negotiation and could be completed by the end of the year, according to a report of real estate consultancy CBRE.
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27
Jul
2022
Jul
2022
Homes sales in Romania up 3.4% in H1 2022
Sales of homes on the Romanian market totaled 85,000 units in the first half of 2022, up 3.4% compared to the same period of last year, according to real estate consultancy SVN Romania. In the same interval, sales in Bucharest and Ilfov county rose by 16.6%.
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27
Jul
2022
Jul
2022
Industrial leasing in Romania up 50% in H1 2022
Leasing volumes in the Romanian industrial and logistics market rose by 50% to 542,000 sqm compared to the same period of last year, with more than half of the activity being generated around Bucharest.
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27
Jul
2022
Jul
2022
One United Properties buys land in northern Bucharest
Romanian developer One United Properties has purchased a land plot of 36,869 sqm in northern Bucharest in a deal worth around €60 million. The company plans to develop a new residential complex with around 900 apartments.
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26
Jul
2022
Jul
2022
Upward pressure remains for building materials’ prices
Bogdan Doicescu, Development Director & Executive Board Member at Bog’Art, spoke to Property Forum about the cost forecast for the construction market in 2022 and the company’s plans to diversify their activity with their own residential developments in Bucharest.
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25
Jul
2022
Jul
2022
Alesonor gets financing for green homes near Bucharest
Property developer Alesonor has obtained a financing of €21 million from Banca Transilvania that will be used for the first phase of the Amber Forest project near Bucharest. The money will support the development of 294 green homes.
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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.
