ARTICLES LABELLED WITH TAG Bucharest

News Atrium exits Romania with €95 million sale to MAS RE
27
Apr
2018

Atrium exits Romania with €95 million sale to MAS RE

by Import Sys
Atrium European Real Estate Limited has entered into an agreement to sell Atrium Militari shopping centre in Bucharest, Romania to MAS Real Estate Inc., for €95 million, representing a 9% premium to book value on 31 December 2017. The transaction is subject to the fulfilment of certain conditions precedent which are expected to be finalised by the end of the third quarter of 2018.
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News Romanian developer to build €1.5 million swimming pool
23
Apr
2018

Romanian developer to build €1.5 million swimming pool

by Import Sys
Romanian real estate developer Genesis Property will invest €1.5 million in building an outdoor swimming pool within West Gate Business Park in Bucharest. A running and rollerblading track will also be included.
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News Companies keep setting up new HQs in Bucharest
13
Apr
2018

Companies keep setting up new HQs in Bucharest

by Import Sys
Companies have rented almost 70,000 square meters of office space in Bucharest in Q1 2018, according to JLL. One-third of the demand came from companies that formerly had their headquarters in old, small buildings or in other different from modern buildings (non-competitive stock). This segment of demand increased compared to last year when it accounted for only 7% of the total take-up.
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News Ikea embraces e-commerce and unveils ambitious growth plan
05
Apr
2018

Ikea embraces e-commerce and unveils ambitious growth plan

by Ákos Budai
Ikea’s presence is growing rapidly in the SEE region. Construction is underway at the second store in Bucharest and there are further plans for new developments. Viviana Pavel, Real Estate and Development Manager at Ikea South East Europe shared her thoughts on the retail market, e-commerce and the company’s regional expansion.
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News One United & Auchan team up for €100 million project
05
Apr
2018

One United & Auchan team up for €100 million project

by Import Sys
One United Properties and Auchan Romania plan to invest €100 million in a new mixed-use project in Bucharest called One Floreasca City.
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News Aviatorilor 8 receives final BREEAM certification
05
Apr
2018

Aviatorilor 8 receives final BREEAM certification

by Import Sys
Optim Project Management has assisted NEPI Rockcastle throughout the entire BREEAM certification process for the landmark office project, Aviatorilor 8. The building achieved an ‘Excellent’ level of certification under the BREEAM International 2013 rating scheme.
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News Timpuri Noi Square awarded LEED certification
04
Apr
2018

Timpuri Noi Square awarded LEED certification

by Import Sys
Vastint Romania was awarded LEED Platinum certification for the first two office buildings of Timpuri Noi Square. The 32,000 sqm office space in the two buildings will soon be completely leased.
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News Political risk is not what’s holding Romania back
29
Mar
2018

Political risk is not what’s holding Romania back

by Ákos Budai
What will it take for SEE to attract more foreign capital? Is there enough product available on the market? These are just some of the questions that were asked and answered at SEE Property Forum 2018, a Property Forum and RICS event that attracted over 45 speakers and nearly 300 visitors from 15 countries.
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News Corinthia Hotels to enter Romania
29
Mar
2018

Corinthia Hotels to enter Romania

by Import Sys
Corinthia Hotels is set to expand its five-star hotel portfolio with the opening of a new luxury property in Bucharest, Romania. Located in the heart of the capital, the former Grand Hotel du Boulevard will open its doors again in December 2019, to coincide with Romania’s National Day.
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News Alesonor invests €100 million in Bucharest project
28
Mar
2018

Alesonor invests €100 million in Bucharest project

by Import Sys
Alesonor, a Greek-held property development company, plans to invest €100 million in an energy-efficient residential project in the northern part of Bucharest.
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Latest news


New leases

  • Cărturești is set to become an anchor brand in the RIVUS project developed by Iulius, in Cluj-Napoca, where it will house the country's largest bookstore. The company will lease 2,500 sqm of space, spread across two levels.
  • M1 Poznań, managed by EPP, one of the largest family shopping centres in Wielkopolska, has just gained a new, unique tenant, CentrumRowerowe.pl, which is making its debut in Wielkopolska. In the summer, HalfPrice will also join the list of tenants of the centre, offering global brands, including fashion, home furnishings and sports goods at attractive prices. Customers can also already use the assortment of the recently opened Reporter clothing store and the Rainbow travel agency. All new contracts cover over 5,000 sqm of retail space.
  • Three companies from the PZU Group, one of the largest financial institutions in Poland and Central & Eastern Europe, have decided to lease space at Konstruktorska Business Center in Warsaw for another 10 years. The companies have renewed their lease for a total of over 6,500 sqm of modern office space in the building owned by Golden Star Group.

New appointments

  • Elżbieta Majdan is joining the Property & Asset Management team at Savills Poland as an Associate Director. Elżbieta brings 15 years of experience in managing and commercialising retail properties, gained while implementing key projects on the Polish market.
  • Savills Czech Republic announces new hires and promotions within its valuation team. Daniel Duchek has joined as a Senior Valuer, Alena Arnoldová has strengthened the team as a Junior Valuer, and Ivana Horáková has been promoted Valuer. Under the leadership of Marek Pohl, the team now consists of seven consultants specialising in the valuation of a wide range of assets – from commercial, residential, and hospitality properties to leisure, healthcare facilities, and land.
  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.

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