ARTICLES LABELLED WITH TAG ebi
25
May
2020
May
2020
Developers rush to complete ongoing projects in Romania
The first quarter of the year 2020, mostly starting with mid-February, was marked by ominous economic forecasts. Thus, some decline in construction activity was to be expected, and indeed newly started construction projects dropped to just over €1.3 billion in Q1 2020. This amounts to a 14% decrease compared to the equivalent period of 2019, according to the latest edition of the EBI Construction Activity Report for Romania.
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14
May
2020
May
2020
COVID-19 delays many construction projects in Hungary
As the first coronavirus cases were registered in Hungary at the beginning of March, the effect of the epidemic on first-quarter figures might have been smaller. The epidemic may affect the construction industry in two ways. Projects that have already started may stop or may continue at a slower pace and it may hold back the value of projects entering construction phase. Results show that there was a massive decline in the value of completed projects already in Q1 2020. The value of the Activity Completion Indicator of the EBI Construction Activity Report in the domestic construction industry decreased by 29% due to the epidemic, and several hundred projects were delayed.
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Latest news
- Panattoni starts new BTS project in Małopolska region
- Czech Republic launches €76 million affordable housing fund
- Strabag gets building permit for Bratislava resi project
- Panattoni sells distribution centre in Koluszki to DL Invest Group
- ESG under scrutiny as investors, banks and tenants raise the stakes
- Fiege expands to 51,000 sqm at Panattoni Park Moson
- Asian capital drives Central Europe property boom
- Elhurt Plus sells Bochnia logistics park to DL Invest
- Report: 85% of flex operators plan expansion in the coming years
- Fiege tops 50,000 sqm of leased space in Panattoni projects
New leases
- Griffes has announced the leasing of 6,000 sqm of office space in Bucharest-based Unirii View. Out of the total volume, 2,000 sqm represent new tenants joining the tenant roster, while three tenants expanded operations and grew their space take-up in the building.
- The first Gorąco Polecam store in Lubin has opened at BIG Lubin retail park. The new 151 sqm unit is in a newly designed development building featuring a large 160 sqm patio.
- Worldbox has entered the Romanian market with its first store at Scallier's Funshop Park in Vaslui. The multi-brand store covers more than 660 sqm and offers clothing, footwear and accessories in the casual and sportswear segment.
New appointments
- CBRE Investment Management announced the firm is evolving the leadership model in its EMEA Direct Real Estate business. Under the enhanced structure, Rik Eertink will assume the role of President and CIO of EMEA Direct Real Estate, after serving as President of EMEA Direct Real Estate for the past five years.
- Nhood has appointed Mihaela Petruescu as the new Country Director for Property Services Romania & Poland as of October. She previously held leadership positions at large real estate firms, such as Cushman & Wakefield Echinox and CBRE Romania.
- Daniel Orczyk has been named Senior Project Manager at the technical advisory department of Avison Young in Poland. He is a licensed structural engineer and building site manager with over 20 years of experience.
