ARTICLES LABELLED WITH TAG Bucharest

News It’s time for the Romanian market to warm up!
18
Mar
2018

It’s time for the Romanian market to warm up!

by Ákos Budai
In Romania, the peak of the real estate cycle is often delayed compared to other countries in the region and market dynamics don’t allow for a true warm up. Ana Dumitrache, Head of Investment Properties at CBRE Romania shared her expectations for the market.
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News MT&T Atalian manages Forte Partners project in Bucharest
08
Mar
2018

MT&T Atalian manages Forte Partners project in Bucharest

by Import Sys
MT&T Atalian has been chosen to provide technical maintenance services for the ten-storey high office building The Bridge in Bucharest, under the management of the Colliers International team.
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News Romania’s hotel market continues its boom
07
Mar
2018

Romania’s hotel market continues its boom

by Import Sys
The hotel capacity in Bucharest is seen rising by at least 10% in the next three years, considering the hotel projects planned or under construction, with new hotels to be developed in most big cities in Romania too, as the local market saw the seventh consecutive year of growth in 2017, C&W Echinox reports.
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News Globalworth buys two development plots in Bucharest
28
Feb
2018

Globalworth buys two development plots in Bucharest

by Import Sys
Globalworth has completed the acquisition of two additional land plots adjacent to its assets on the Gara Herastrau/Barbu Vacarescu corridor of Bucharest for approximately €16 million. These plots are anticipated to allow for the development of 40,000 sqm of commercial (predominantly office) space. The company published an update for its operations.
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News Hagag invests €90 million in first Bucharest project
28
Feb
2018

Hagag invests €90 million in first Bucharest project

by Import Sys
Hagag Development Europe is investing over €90 million in its first Bucharest project and the company’s largest residential project in Romania, H Pipera Lake.
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News One United Properties invests €100 million in Bucharest project
15
Feb
2018

One United Properties invests €100 million in Bucharest project

by Import Sys
Romanian developer One United Properties plans to launch a residential project (One Mircea Eliade) with 250 apartments and the construction of a 24,000 sqm office building (One Tower) next to Bucharest’s Floreasca Lake, on the site of the former Automatica site.
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News AFI Europe to start first residential project in Romania
14
Feb
2018

AFI Europe to start first residential project in Romania

by Import Sys
AFI Europe Romania has received the building permit that allows for construction works to begin on AFI City, the first residential project developed by the company in Romania. The building process has been divided into phases, the first one being scheduled to begin in the next 2 months.
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News Strong demand for new Bucharest office space
14
Feb
2018

Strong demand for new Bucharest office space

by Import Sys
The supply of new Class A office space delivered in Bucharest in 2017 was absorbed almost entirely by demand, as per a report by CBRE regarding the office market in 2017, which also says 90% of the office space area completed in 2017 has already been leased.
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News Each new lease creates over 100 jobs in Bucharest
14
Feb
2018

Each new lease creates over 100 jobs in Bucharest

by Import Sys
Each new office leasing contract signed in Bucharest last year created at least 130 new jobs. Dimitrie Pompeiu and South sub-markets made the top, with more than 200 new jobs per transaction, according to the latest JLL market report.
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News CTP invests €12 million in Bucharest BTS development
09
Feb
2018

CTP invests €12 million in Bucharest BTS development

by Import Sys
CTP and DSV, the fifth biggest global transport and logistics companies, signed a leasing agreement for approximately 40,000 sqm in CTPark Bucharest West. CTP invested about €12 million in the development of the new logistics spaces occupied by the Danish company in the first days of February.
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Latest news


New leases

  • LPP is expanding its presence in Romania with the opening of four new stores in Iulius Mall Suceava. Reserved, Mohito, Cropp, and House stores will occupy a combined 3,100 sqm and are slated to open in H1 2025, as part of an expansion project implemented by Iulius.
  • Romanian delivery firm FAN Courier has leased 4,800 sqm in the ELI Park Bacău logistics project, developed by local group ELI Parks.
  • ARM Hungary has leased the entire 9th and 10th floors of Millennium Gardens in Budapest. iO Partners represented ARM Hungary in the transaction.

New appointments

  • Maciej Müldner has been appointed as the new Chief Financial Officer (CFO) of MLP Group. An experienced executive, he has spent nearly 20 years contributing to the development of the Skanska Group in Central Europe.
  • Panattoni Income Fund has appointed Olaf Bruns as Managing Director Business Development DACH. Earlier this year, the fund’s team was also strengthened by Piotr Boruc, who took on the role of Head of Finance and Reporting.
  • CBRE has named Hristo Karakostov as Head of Advisory & Transactions Office Services Department for Bulgaria, within its Southeast Europe (SEE) office. He succeeds Monika Gajewska, who will continue to lead the Occupier Business Development efforts for the SEE.

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