ARTICLES LABELLED WITH TAG Hagag Development Europe

Hagag Development Europe has purchased a residential complex under development in Eastern Bucharest, located on a former industrial platform.

Office leasing in Bucharest reached 97,400 sqm in Q1 2024, up 71% compared to the same period of last year, while take-up transactions that cover relocations and new demand were flat year-on-year at 33,000 sqm, according to a CBRE report.

Hagag Development Europe has withdrawn from negotiations with SNC-Lavalin for the purchase of an office building in Bucharest, in a deal estimated to have reached over €8 million.

The office subleasing market in Bucharest is gaining ground as the development pipeline of new projects is falling, while tenant companies are looking for better locations to reduce commute times for employees, concluded speakers of the hybrid work panel of SEE Property Forum 2023, held in Bucharest.

Hagag Development Europe has kicked off the construction works for the consolidation and repurposing of Știrbei Palace on Calea Victoriei. The building will be transformed into H Știrbei Palace, the company's first retail project in Bucharest.

Real estate investor-developer Hagag Development Europe has received the “Best International Award” for the Renovation/Redevelopment of H Victoriei 139, during the International Property Awards 2022-2023 Gala held in London on February 2nd. 

Real estate investor-developer Hagag Development Europe has launched H Private, the first investment of the company in the private office niche in Bucharest. In addition, the company has completed the business center - H Private Arghezi, which will be inaugurated at the beginning of next year, following a consolidated investment of around €1.5 million. 

Andreea Mihai has been appointed as the new CEO of Hagag Development Europe, tasked with overseeing the development of the Romanian operations. 

Hagag Development Europe has received the building permit for the consolidation and renovation works on Știrbei Palace located in central Bucharest. The developer will select a general contractor to start the transformation of the historical building in a high-end commercial gallery.

Yitzhak Hagag, Co-Founder and Shareholder of Hagag Development Europe, talked to Property Forum about the expansion of the company's €300 million portfolio focused on residential and offices in Bucharest and the development plans for the emerging hotel division. The developer is looking to increase its presence across Romania and plans to expand in other European markets in the long term.