Yitzhak Hagag, Co-Founder and Shareholder of Hagag Development Europe, spoke with Property Forum about the ongoing developments in Romania and the company's plan to invest around €130 million in the local property market in the upcoming years. Hagag also outlined the growing potential of the newly launched private offices division, which has already reached an occupancy rate above 60%.
Property developer Hagag Development Europe will invest over €20 million in H Primăverii 1, a new residential project comprising 18 apartments and 700 sqm of commercial spaces.
Eolus Poland will join the tenants of Life Building in Warsaw's Wola district. The Swedish-based renewable energy provider will occupy almost 300 sqm in the office building in April.
EPP-managed Galeria Olimpia has recently signed agreements with seven tenants - drugstore dm-drogerie markt, pet market Family Pets & Zoo and brands Reporter Young, Pitbull West Coast, Czas na Herbatę, Arianos Doner Kebab and entertainment centre Crazy Ticket. The new tenants will occupy more than 1,100 sqm of space, and the facility's occupancy level is 99% at present.
Hexing Technologies Europe has leased 8,000 sqm for a new production plant in Globalworth Timisoara Industrial Park I. The lease deal was brokered by CBRE.
New appointments
Avison Young has named Adrian Crizbășianu, former executive at DB Schenker and VGP, as the new Head of Industrial & Logistics Agency. He has an extensive background in logistics and real estate spanning over 25 years.
Katarzyna Uzar joins the Valuation and Advisory team at Avison Young in Poland to take on the position of Assistant Valuer. She will support the team in creating offers and letters of appointment for valuation and will help property valuers throughout the valuation process.
Bartosz Chrostowski, an expert with almost 10 years of experience in commercial property, has joined real estate advisory firm Savills as an Associate Director of the landlord representation team of the office agency led by Daniel Czarnecki.
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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.
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