Pharmaceutical company Biofarm has sold a plot of land close to Victoriei Square in Bucharest for around €5 million. The land spanning 2,176 sqm, which used to host an industrial facility, was taken over by Romanian company Iancu de Hunedoara Residence SRL. The deal was brokered by Crosspoint Real Estate.
Industrial developer WDP has become the owner of a warehouse in Mioveni, near Pitești, following a sale-and-lease-back deal with SFC Solutions Automotive Romania, a producer of rubber profiles for the automotive sector.
The office leasing activity in Bucharest was up 12% in the first half of 2023 compared to the same period of 2022, with volumes reaching 169,000 sqm, according to a Crosspoint Real Estate report.
Romanian property developer Comnord Development will start in September the construction of a new luxury residential project in northern Bucharest, with a projected investment of €30 million.
Lion Capital, a public financial investment company, has purchased a land plot of 11 hectares in western Constanța in a deal valued at more than €10 million.
Commercial property investment in Romania amounted to €149.6 million in the first quarter of 2023, up by 73% compared to the same period of last year, with the biggest contributions from the industrial and office segments, according to real estate consultancy Crosspoint Real Estate.
Romanian real estate consultancy Crosspoint Real Estate, the local partner of Savills, is launching a new segment dedicated exclusively to residential leasing through accessing the private rental sector (PRS).
The number of flexible offices in Romania climbed to 120 at the end of 2022, with 21 new coworking centres opened in the post-pandemic period, according to a report by real estate consultancy Crosspoint Real Estate.
Homes buyers in Romania are increasingly asking for the 15-minute city, while prices of apartments will fall only in specific cases, concluded speakers of the residential market panel during SEE Property Forum 2022, which took place in Bucharest.
The La Mania boutique has reopened in the Westfield Mokotów shopping centre in Warsaw. Five new brands have also joined the tenants, including Apple and AB Foto.
Jula, the Swedish multi-market chain, is planning to open another shop in the Warsaw agglomeration. The new outlet will be established on the site of the San Park Mysiadło retail park currently under construction. The shop will occupy an area of nearly 2,500 sqm.
Primark has opened its first shop in Łodź, investing more than €9 million. Łódź Manufaktura is the brand's sixth location in Poland and twelfth in the Central and Eastern European region. Primark in Łódź comprises more than 3,300 sqm of retail space on one floor.
New appointments
Nives Grzunov as the Head of Indotek Group for Croatia, effective from September 15, 2023. In this key role, Nives will oversee Indotek's Croatian endeavours under the Dalmatie Group brand.
Michał Różycki has taken up the position of director of the land and residential property division at Greenfields, a Polish company that provides advice on land sales and purchase transactions.
Nhood Services Poland is expanding its service activities for the commercial real estate industry. Anna Wysocka has been appointed director of New Business Development, responsible for expanding the company's client portfolio in this area.
ABOUT US
Property Forum is a leading event hub in the CEE real estate industry with nearly 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Budapest, Bucharest, Bratislava and Prague, amongst other locations.
I have read the Privacy Policy of International Property Network Inc. and I consent to International Property Network Inc. sending me newsletters and managing my personal data provided for this purpose.
