Pavăl Holding, the group controlled by the founders of DIY chain Dedeman, will have a new HQ in Bucharest. The holding is revamping Vila Hlebnikian that will serve as its main office. Construction works on the 2,800 sqm building will be completed by 2023, according to Profit.ro.
Real estate developer Hanner has inked a partnership with a restaurant operator that will join the Fosta Fabrică mixed-use project, located near the Gara de Nord railway station in Bucharest. The company will invest over €40 million in the complex project, which includes the restoration and conversion of four monument buildings.
The accelerated growth of work from home arrangements has generated a new market for office space that can be leased directly by companies that have ongoing rent contracts for bigger surfaces. At present, around 70,000 sqm is available for sublease, which is a record figure for the Romanian market, according to representatives of JLL.
The average asking price for an apartment in Romania stood at €1,379 per sqm in March, up 1.5% compared to the previous month, according to a report by real estate portal Imobiliare.ro.
CTP has acquired 17.9 hectares of land in northern Bucharest for an undisclosed sum. The land was bought from two businessmen who were planning to invest €50 million in a logistics project.
Online retailer eMAG will invest €1.5 million in upgrading its HQ building to accommodate the hybrid work system as it aims to make the program permanent for more than 3,000 employees. The HQ will be transformed into a collaborative workspace and will be fitted with technology systems that support the mix of office and remote work.
Real estate developer One United Properties says that it secured the construction permit for 850 apartments that will be part of mixed-used project One Cotroceni Park. The project is developed on 5.8 hectares of land, on the former Ventilatorul industrial platform in Bucharest.
German carmaker Mercedes-Benz is boosting its logistics operations in Romania. Construction firm Plana-Innova was selected to build its new centre that will have a maximum storage capacity for 45,000 products.
Romanian entrepreneur Liviu Tudor has announced plans to revamp Novo Park, the office park he owns in northern Bucharest. The office facades will be refreshed and solar panels will be placed on top of each of the seven buildings in the complex.
Tech start-up A4BEE has leased 600 sqm of office space in Wojdyła Business Park in Wrocław. Cushman & Wakefield advised the owner for this transaction.
Colliers branch in Katowice has changed its address. Since September the office is located in the .KTW I building on Roździeńskiego Avenue 1a. Colliers has taken the space on the first floor of the building.
Meat2Eat has leased 400 sqm for a new restaurant that it opened on the ground floor of One Tower office building in Bucharest. The transaction was brokered by Cushman & Wakefield Echinox. The building is owned by Romanian developer One United Properties.
New appointments
Łukasz Czajkowski joins the team of JLL Poland as Business Services Lead in Tenant Representation Department. He will be responsible for enhancing relations with the BSS sector.
Craig Maguire has been appointed Head of Pan-European Logistics for BNP Paribas Real Estate. He will head up the European coordination of the Logistics business (Investment and Rentals/Sales), alongside the local teams of BNP Paribas Real Estate.
Victor Cosconel is the new Head of Industrial & Business Development at real estate consultancy Colliers Romania. He has more than 20 years’ worth of experience in sales, business development and general management. Before joining Colliers, he was CEO of Sodexo Bulgaria.
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