ARTICLES LABELLED WITH TAG Cushman&Wakefield Echinox

News K+K Elisabeta hotel in Bucharest sold to Szarvadi family
23
Mar
2023

K+K Elisabeta hotel in Bucharest sold to Szarvadi family

by Property Forum
The 4-star K+K Elisabeta hotel located in the Bucharest city center has been sold to Lorand and Zsuzsanna Szarvadi, the owners of the Balvanyos Resort & Spa in Covasna for an undisclosed sum. 
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News Planned office stock in regional Romania totals 275,000 sqm
22
Feb
2023

Planned office stock in regional Romania totals 275,000 sqm

by Property Forum
The modern office stock in regional Romanian cities is set to reach around 1.3 million sqm in the next five years if the planned projects spanning 275,000 sqm will be delivered in this period, according to a report by real estate consultancy Cushman & Wakefield Echinox. 
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News Bucharest office demand up 10% year-on-year
01
Feb
2023

Bucharest office demand up 10% year-on-year

by Property Forum
New demand in Bucharest's office market (new leases, pre-leases and relocations from non-competitive stock) had a share of 57% or 185,000 sqm of the total office take-up in 2022. Demand itself was up 10% year-on-year, according to a study by real estate consultancy Cushman & Wakefield Echinox. 
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News Romania attracts 12% of CEE property deals in 2022
30
Jan
2023

Romania attracts 12% of CEE property deals in 2022

by Property Forum
Real estate investment volumes in CEE reached almost €10.7 billion during 2022, up 6.6% compared to the previous year, with Poland accounting for 54% of all transactions, trailed by the Czech Republic and Romania with shares of 14% and 12%, respectively, according to a report by Cushman & Wakefield Echinox. 
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News Retail deliveries to hit 6-year high in Romania
18
Jan
2023

Retail deliveries to hit 6-year high in Romania

by Property Forum
Some 100,000 sqm of new retail spaces were delivered last year in Romania, of which 80% were integrated in retail parks, while new projects with a leasable area of around 230,000 sqm are expected in 2023, which would be a 6-year high, according to Cushman & Wakefield Echinox.
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News Most investors and developers in Romania still look to expand
09
Dec
2022

Most investors and developers in Romania still look to expand

by Property Forum
Real estate investors and developers active in Romania argue that inflation, the increasing financing costs, the geopolitical situation and also the increasing construction costs are the main macroeconomic factors which may impact the Romanian real estate market, as these factors are expected to put pressure both on demand and on the rental levels. However, despite all the above-mentioned issues, investors remain positive and their expansion plans in Romania are mostly intact, according to the first edition of Cushman & Wakefield Echinox's “Real Estate Investors Sentiment Barometer”.
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News Bucharest moves up in most expensive shopping street ranking 
24
Nov
2022

Bucharest moves up in most expensive shopping street ranking 

by Property Forum
With a rent level of €53/sqm/month on Calea Victoriei, the main retail street of the city, Bucharest remains in the top 50 cities analyzed worldwide and in position 46 out of 53 in the EMEA ranking, just behind Warsaw, according to a report by real estate consultancy Cushman & Wakefield Echinox. 
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News Income-producing properties in Romania see growing investments
14
Nov
2022

Income-producing properties in Romania see growing investments

by Property Forum
Income-producing properties are becoming an increasingly appreciated option for Romanian or foreign private investors who have previously been mainly active in the residential sector, according to real estate consultancy Cushman & Wakefield Echinox. 
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News Bucharest remains among most cost-efficient office markets in CEE
10
Nov
2022

Bucharest remains among most cost-efficient office markets in CEE

by Property Forum
Prime headline rents in Bucharest continued to increase in the third quarter, reaching a monthly level of €19.5 per sqm, compared with €18.5 per sqm at the beginning of the year. However, the capital city remains among the less expensive destinations in Europe in terms of office occupancy costs. 
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News Romanian industrial market registers vacancy low
02
Nov
2022

Romanian industrial market registers vacancy low

by Property Forum
Demand for logistics and industrial space is close to registering a new record in 2022 as the vacancy rate reached 4.3% at the end of Q3, which is one of the lowest levels in the last decade, according to real estate consultancy Cushman & Wakefield Echinox. 
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Latest news


New leases

  • Online documentation and efficiency solutions company Craft Docs secured a 1,000 sqm of office space in the renewed Krausz Palace office complex in downtown Budapest. The company will move in August 2023. The startup has become the first tenant of the building, Jake Lodge, principal of Avision Young Hungary responsible for the leasing and operative management of the building said.
  • A new tenant has moved into the Eximius Park office complex near Kraków. GoE Wellness is a British healthy lifestyle start-up that is expanding its operations in Europe. The company's new office has an area of approximately 900 sqm and is located in building 200.
  • Galeria Jurajska is strengthening its offer. Three new tenants - fashion brands Quiosque and Lovisa and patisserie Lody Czewskie - will soon appear in the Częstochowa shopping centre.

New appointments

  • CPI Property Group is expanding its retail leasing department. Dariusz Kafara has been appointed as the new Leasing Manager. At the Warsaw branch of the company, Dariusz is responsible for maintaining the maximum level of commercialisation in two retail park chains from the group's portfolio - CityMarket and STOP SHOP.
  • Brian Nyeng Olesen, formerly head of commercial at the Salling Group, has been appointed as the new managing director of Netto Polska. The position was previously held by Hugo Mesquita.
  • M Core appoints Magdalena Kowalewska as the new Chief Operating Officer at LCP Properties, Poland. This comes at the same time that Krystian Modrzejewski has accepted a post as the Group Head of Expansion for Poland, where he will be responsible for realising the opportunity for land and asset acquisition in aid of portfolio growth. LCP Properties Poland is part of the M Core group, which brings together family-owned companies that invest in and manage real estate. It comprises LCP, Proudreed, Sheet Anchor, GIPAM and Evolve Estates.


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