ARTICLES LABELLED WITH TAG Bucharest

News Bucharest agency to sell residential properties in bitcoin
20
Dec
2017

Bucharest agency to sell residential properties in bitcoin

by Import Sys
Cityland, a Bucharest-based residential real estate agency, will start selling apartments in bitcoin in response to the growing popularity of the virtual currency, profit.ro reports.
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News Is it more difficult to develop in Bucharest than in Budapest?
14
Dec
2017

Is it more difficult to develop in Bucharest than in Budapest?

by Ákos Budai
As a response to continued strong demand from tenants in Budapest and Bucharest, Skanska plans to launch several new projects in both capital cities. Marcin Łapiński, Managing Director for Hungary and Romania talked to Property Forum about the differences between the two markets.
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News Forte Partners inaugurate new Bucharest office building
14
Dec
2017

Forte Partners inaugurate new Bucharest office building

by Import Sys
Forte Partners have inaugurated the first phase of The Bridge office project located in the Grozavesti-Basarab area in Bucharest. The first building offers 36,871 sqm of leasable space. Its tenants include IBM and BCR. The first phase of the project was financed by UniCredit Bank. Bog’Art was the main construction contractor.
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News Auchan acquires Romanian supermarket chain
06
Dec
2017

Auchan acquires Romanian supermarket chain

by Import Sys
Auchan Retail Romania, a subsidiary of Auchan, has acquired OK, a supermarket chain which has three units in the Bucharest area, zf.ro reports.
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News Construction underway at Bucharest business park
04
Dec
2017

Construction underway at Bucharest business park

by Import Sys
Chapman Taylor reported that construction on Expo Business Park in Bucharest is underway. The 70,586 sqm development comprises three separate and self-contained office buildings set over a shared two-level basement parking structure.
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News Ikea starts construction on second Romanian store
29
Nov
2017

Ikea starts construction on second Romanian store

by Import Sys
Ikea has started the construction of its second store in Romania, which will be finished in H2 2018 following an investment of approximately €86 million, which includes the acquisition of the land.
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News London Partners invest €26 million in Bucharest resi project
29
Nov
2017

London Partners invest €26 million in Bucharest resi project

by Import Sys
Real estate developer London Partners is to invest €26 million in SoHo Unirii residential project in Central Bucharest, which will have a total of 236 apartments. Construction works started this summer and completion is scheduled for Q1 2019.
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News AFI Europe secures first tenant for AFI Tech Park
29
Nov
2017

AFI Europe secures first tenant for AFI Tech Park

by Import Sys
AFI Europe Romania has signed the first lease agreement for AFI Tech Park, the company’s newest business park developed in Bucharest. World Class Romania, a leader on the Romanian health & fitness field, will be the first tenant of the campus, by leasing 1,500 sqm GLA spread on the ground floor and the first floor of AFI Tech Park 1. The lease contract was signed for a period of 10 years.
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News One United Properties to issue €20 million bond
29
Nov
2017

One United Properties to issue €20 million bond

by Import Sys
One United Properties, a real estate developer specialised in Bucharest residential property, will issue €20 million worth of 4-year bonds through private placement, fully funded by co-management by Credit Value Investments in Poland. The money will be spent on the company existing and new residential developments.
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News AFI Cotroceni valued at over €500 million
24
Nov
2017

AFI Cotroceni valued at over €500 million

by Import Sys
AFI Europe Romania published its financial results. The Net Operating Income (NOI) from its income producing assets in Romania was over €37 million in the first nine months of the year, representing respectively 10.4% higher results compared to the same period in 2016. The value of the existing income producing assets AFI Cotroceni, AFI Ploiesti and the 5 office buildings of AFI Park increased by 7.5% to €735 million according to the valuation performed as of September 30, 2017.
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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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