ARTICLES LABELLED WITH TAG Bucharest

News €80 million residential project launched in Bucharest
26
Sep
2017

€80 million residential project launched in Bucharest

by Import Sys
A new residential complex, comprising 1,000 apartments in four phases, is being built in the Domenii area of Bucharest, requiring a total investment volume of €80 million. The developer of the scheme is DVD Residential Imobiliare, owned by businessmen Dan Sucu (owner of Mobexpert Group) and Valentin Visoiu (owner of Conarg Group).
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News JLL appointed project manager of Renault’s new Bucharest HQ
26
Sep
2017

JLL appointed project manager of Renault’s new Bucharest HQ

by Import Sys
JLL Romania will provide technical consulting services for the construction of Groupe Renault's future headquarters in Romania, the largest office building currently under construction in Bucharest.
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News Romania is on the right track this time
25
Sep
2017

Romania is on the right track this time

by Ákos Budai
The Romanian market has attracted strong interest from international investors in recent years. Solid economic growth, improving perception and the availability of quality investment products have all contributed to the €400 million transaction volume registered in 2017. Andrei Văcaru, Associate Director of Capital Markets at JLL Romania explained Property Forum why Romania is on the right track.
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News Portland Trust to invest €50 million in Bucharest project
18
Sep
2017

Portland Trust to invest €50 million in Bucharest project

by Import Sys
Real estate developer Portland Trust and American investment fund Ares Management LP will invest €50 million in the development of the third building at Oregon Park in the northern part of Bucharest. The new office building will comprise25,000 sqm and should be completed by the end of 2018.
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News Bucharest office market to expand in 2018
18
Sep
2017

Bucharest office market to expand in 2018

by Import Sys
The significant increase in interest from international investors looking for the best formats of cooperation with local developers sends a powerful message to the market in Romania’s capital city. Importantly, the abovementioned interest applies not only to the office sector, but also to the retail and logistics ones.
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News Revetas Capital to buy Radisson Blu Bucharest for €177 million
13
Sep
2017

Revetas Capital to buy Radisson Blu Bucharest for €177 million

by Import Sys
Revetas Capital, an investment fund founded and managed by an American real estate broker Eric Assimakopoulos, is close to buying the Radisson Blu Bucharest hotel for €177.5 million, according to market sources. If completed, this will become the largest transaction on the Romanian property market in recent years.
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News New appointment at Colliers International Romania
06
Sep
2017

New appointment at Colliers International Romania

by Ákos Budai
Colliers International strengthens its office spaces consultancy team by hiring Sebastian Dragomir for the position of Office Advisory Director. Sebastian Dragomir has over 12 years of experience in real estate, time during which he has worked on the office, industrial, land and landlord representation segments and formerly occupied the position of Senior Leasing Manager at Immofinanz Romania.
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News Hilton Garden Inn Bucharest Old Town to open this year
30
Aug
2017

Hilton Garden Inn Bucharest Old Town to open this year

by Ákos Budai
The first Hilton Garden Inn hotel in Romania is to be opened by end-2017 in Bucharest. The 201-room hotel will be located within an historic listed building in the city centre. Hilton Garden Inn Bucharest Old Town will be administered by hotel management company Apex Alliance Hotel Management.
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News New Renault HQ under construction in Bucharest
30
Aug
2017

New Renault HQ under construction in Bucharest

by Ákos Budai
Bog’Art has been selected to build the new Bucharest headquarters of Renault, according to zf.ro. The new office building, to be named Renault Connected Bucharest, will comprise 47,000 sqm of office space.
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News Colliers appointed PM for The Landmark in Bucharest
29
Aug
2017

Colliers appointed PM for The Landmark in Bucharest

by Ákos Budai
Colliers International was assigned by Piraeus Bank to offer property management services for the office project The Landmark, in the central area of Bucharest. With this new project, the Colliers International team strengthens its position on the office property management market, and the whole managed portfolio reaches a total of over 320,000 leasable sqm.
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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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