Asking prices for apartments and houses in Romania gained 3% in the first quarter of 2021 compared to the same period of 2020, but the yearly growth rate cooled down due to the reduction of demand and the increase of stock available for sale, according to a report by Imobiliare.ro.
The average asking price for an apartment in Romania stood at €1,379 per sqm in March, up 1.5% compared to the previous month, according to a report by real estate portal Imobiliare.ro.
Impact Developer & Contractor has started the works on the first 3 blocks of the Boreal Plus residential compound in the north of Constanța. The enterprise contract worth €9.5 million was concluded with the construction company Premium Invest Concept.
Globalworth and Global Vision have leased part of the first warehouse delivered within Constanța Business Park to PepsiCo. The company will lease storage space of approximately 6,000 square meters and an office area of 550 square meters.
Globalworth Industrial, the industrial and logistics sub-brand of Globalworth, has begun construction at Constanța Business Park, the largest mixed-use project in Romania. The business park is being developed on a plot of some 100 hectares and will include industrial and logistics, production and service space, as well as office buildings and an intermodal hub.
Local real estate developer Global Vision, controlled by Romanian investor Sorin Preda, has started a €200 million industrial development project on a 100 ha land it acquired last year near Constanta’s port.
Echo Investment has signed lease agreements covering a total of almost 3.5 thousand sqm of space in Katowice's Face2Face Business Campus. The largest contract covered a space of 1.35 thousand sqm, which will be occupied by a Medicover clinic for the next few years.
GreenWay, a provider of electromobility solutions in Central and Eastern Europe, is to join the ranks of tenats of Łużycka Plus. The company has just moved in to a 1,850 sqm office. The building is now fully leased.
Sii Polska has extended its lease of almost 4,700 sqm of office space in the Metron office building in Warsaw until 2029. The company, which has been present in the building since 2011, is its largest tenant.
New appointments
Anna Vondrackova has joined the team of REassurance company as Senior Transaction Advisor in Prague. She has a solid background as a real estate lawyer and brings strong legal knowledge.
In September, Michal Berski took up the position of head of the warehouse sector at CBRE Poland. He has been with the company for over 10 years. In his new role, he manages strategy and the development of all business lines within the warehouse and industrial sector.
Slawomir Czarnecki is the new president of Grupa Muszkieterów and ITM Poland. He has replaced David de Bosschère. The new CEO is the owner of the Bricomarché shop in Świecie and has many years of experience in trade, as well as in the Group's internal structures.
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