ARTICLES LABELLED WITH TAG Bucharest

News Landlords have to raise the bar in Bucharest
26
Mar
2018

Landlords have to raise the bar in Bucharest

by Ákos Budai
Development is booming in almost all segments of the Romanian market, but developers still need to overcome a number of legal and regulatory challenges before they can start building. Then, once construction is complete, they must realise that tenants have become more aware and more “choosey”. Răzvan Gheorghiu-Testa, Partner at Țuca Zbârcea & Asociații and Head of the firm’s Real Estate Practice Group reviewed some of the issues that may arise when developing or leasing a new building in Romania.
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News EBRD and ING Romania to finance CTPark Bucharest
23
Mar
2018

EBRD and ING Romania to finance CTPark Bucharest

by Import Sys
The EBRD and ING Romania are joining forces to finance the logistics park CTPark, situated on the A1 Bucharest-Pitesti motorway and 2 km away from the Romanian capital. The financiers have arranged a package of €96 million, of which the EBRD is providing €43.8 million and ING €52.2 million.
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News Retail stock expands in regional Romania
22
Mar
2018

Retail stock expands in regional Romania

by Import Sys
Retail space deliveries will accelerate towards 200,000 square meters in 2018, as new projects and extensions are scheduled in ten medium-size towns and cities across Romania, but no significant delivery is scheduled in capital Bucharest this year, according to reports released by Cushman & Wakefield Echinox.
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News  World Bank partners up Bucharest’s District 5
22
Mar
2018

World Bank partners up Bucharest’s District 5

by Import Sys
The World Bank Office in Romania and the District 5 City Hall of the Municipality of Bucharest signed a reimbursable advisory service (RAS) agreement – a form of technical assistance - to support the implementation of urban development solutions that will boost growth and improve the quality of life in District 5.
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News S Immo completes €30 million remodelling of Sun Plaza
22
Mar
2018

S Immo completes €30 million remodelling of Sun Plaza

by Import Sys
S Immo has completed the upgrade of the Sun Plaza shopping centre in Bucharest and reopened all reconfigured areas to the public. The €30 million remodelling has added 11,000 sqm of new retail space to the shopping centre.
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News Strabag to build 110 m tall office tower in Bucharest
22
Mar
2018

Strabag to build 110 m tall office tower in Bucharest

by Import Sys
Strabag SE, through its Romanian subsidiary, has been awarded the contract to build a 110 m tall office tower in central Bucharest. The contract has a value of about €39 million. Completion is scheduled for October 2019.
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News Hagag to invest €70 million in Bucharest projects
22
Mar
2018

Hagag to invest €70 million in Bucharest projects

by Import Sys
Israeli-owned company Hagag Development Europe plans to invest €70 million in new projects in the Romanian capital. The developer has recently acquired two buildings on Calea Victoriei for €20 million and a 3 ha land plot near the Pipera forest. Hagag will invest a further €50 million in the procurement and development of the projects.
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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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Latest news


New leases

  • 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.
  • SNF, a company operating in the beauty sector, has renewed its lease for approximately 2,300 sqm of warehouse and office space at Prologis Park Poznań I. Axi Immo represented the tenant in the transaction.

New appointments

  • 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.
  • Maciej Wieczorkiewicz is joining the Avison Young Technical Advisory team in Poland. Maciej is an experienced engineer with many years of experience in managing fit-out projects and investments in the commercial property sector. During his career development, he has worked for companies such as Made In Terior, TECAS Fitout and Colliers Define.

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