ARTICLES LABELLED WITH TAG Bucharest

News Anchor Grup invests €9.5 million in Bucharest residential project
20
Nov
2017

Anchor Grup invests €9.5 million in Bucharest residential project

by Import Sys
Turkish real estate developer Anchor Grup will invest €9.5 million in the Pallady Towers residential project.
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News River Development starts new Bucharest project
15
Nov
2017

River Development starts new Bucharest project

by Import Sys
River Development, part of Romanian SEMA Group, has announced the start of the construction works for The Light office building located in Politehnica area, on the grounds of the former Pumac factory in Bucharest. The building will have a gross leasable area of 21,000 square meters and will be delivered in the first quarter of 2018 following an investment of around € 33.5 million.
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News Romanian investment market continues to boom
15
Nov
2017

Romanian investment market continues to boom

by Import Sys
The industrial, logistics and office sectors in Bucharest were the drivers of the real estate development market in the first nine months of the year, while the retail sector recorded the lowest growth rate in terms of projects delivered in this period of time. On the property investment market, the retail sector was the star, cumulating 60% of the volume traded in the first nine months.
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News Bucharest’s Veranda Mall to be expanded
13
Nov
2017

Bucharest’s Veranda Mall to be expanded

by Import Sys
The developer of Bucharest’s Veranda mall will begin work on expanding it one year after inauguration, zf.ro reports.
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News CTP buys Phoenix Logistics Center for €7 million
13
Nov
2017

CTP buys Phoenix Logistics Center for €7 million

by Import Sys
CTP has acquired Phoenix Logistics Center (PLC) from the Dutch company LSREF3 Alpha Dutch Holdings B.V. The centre has been integrated into CTPark Bucharest and is located in Chiajna, 10 km from Bucharest’s centre.
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News IT firms drive demand in Bucharest
13
Nov
2017

IT firms drive demand in Bucharest

by Import Sys
The Bucharest office market saw a net take-up of close to 45,000 sqm in this year’s third quarter. According to data from Colliers International, the demand came mostly from IT and BPO/SSC companies, including from the new entries in the market: Amazon, GoPro and Systematic.
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News Immofinanz sells two land plots in Bucharest
03
Nov
2017

Immofinanz sells two land plots in Bucharest

by Import Sys
Immofinanz started selling land plots from the portfolio of Adama, a residential developer part of the Immofinanz Group. Two land plots located in the Bucharest area have already been sold, while the transaction for another piece of land is set to be finalised in November. The three assets have a total surface area of almost 36,000 sqm. The parties have agreed not to disclose further details.
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News Bucharest’s ParkLake gets certified
31
Oct
2017

Bucharest’s ParkLake gets certified

by Import Sys
The ParkLake shopping mall in Bucharest, developed by a joint venture of Sonae Sierra and Caelum Development, has received a BREEAM certification with a rating of ‘Excellent’.
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News MLP Group launches new investment project in Romania
31
Oct
2017

MLP Group launches new investment project in Romania

by Import Sys
Polish developer MLP Group will build a new logistics park in Romania. The development project will be executed near Bucharest on an 18.8 ha plot of land. The target total area of this complex of facilities will be approx. 80,000 square meters of modern warehousing space.
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News Bucharest leads the Romanian industrial market
30
Oct
2017

Bucharest leads the Romanian industrial market

by Import Sys
Demand on Romania's industrial and logistics market reached 456,000 square meters in the first nine months of 2017, close to the level recorded for the whole last year when it cumulated 463,000 square meters, according to JLL:
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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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