ARTICLES LABELLED WITH TAG Ilinca Timofte

News Romania sees more hotel deals under €5 million
26
Aug
2024

Romania sees more hotel deals under €5 million

by Property Forum
Romania’s hotel market has recorded transactions with an average value under €5 million over the past 18 months, according to a Crosspoint Real Estate report. 
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News Bucharest’s short-term rental industry totals €24 million in H1 2024
07
Aug
2024

Bucharest’s short-term rental industry totals €24 million in H1 2024

by Property Forum
Bucharest’s short-term rental industry is expected to outperform the previous year's level and has already recorded estimated revenues close to €24 million in H1 2024, according to a Crosspoint Real Estate report. 
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News Properties in Romania’s mountain resorts start at €3,500 per sqm
14
Feb
2024

Properties in Romania’s mountain resorts start at €3,500 per sqm

by Property Forum
Sale prices for properties in Romania’s mountain resorts start at €3,500 - €4,000 per sqm and can go as high as €7,500 sqm, according to a Crosspoint Real Estate report. By contrast, prices can reach €8,000 per sqm in Austrian resorts and around €28,000 per sqm in French mountain resorts.
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News Property investments in Romania up 73% in Q1 2023
24
Apr
2023

Property investments in Romania up 73% in Q1 2023

by Property Forum
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.
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News Romania reaches 120 flexible offices in 2022
14
Feb
2023

Romania reaches 120 flexible offices in 2022

by Property Forum
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. 
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News Six new hotels expected in Bucharest by 2023
06
Sep
2022

Six new hotels expected in Bucharest by 2023

by Property Forum
Up to 20 new hotels are slated for delivery across the country by the end of 2023, of which six projects will be completed in Bucharest, according to a report by real estate consultancy Crosspoint Real Estate.
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News Property investment in Romania at €518 million in H1 2022
03
Aug
2022

Property investment in Romania at €518 million in H1 2022

by Property Forum
The property investment market in Romania totalled €518 million in the first half of 2022, up 30.5% compared to the same period of last year, with retail and office sectors driving deals, according to real estate consultancy Crosspoint Real Estate. 
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News Mountain properties become more interesting for investors
10
Dec
2021

Mountain properties become more interesting for investors

by Property Forum
Properties in the mountain tourist areas have become more interesting for investors, according to a report by Savills, with demand having grown significantly in the first quarter of this year. 
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News Over 2,000 new hotel rooms to be delivered in Romania by 2023
08
Jul
2021

Over 2,000 new hotel rooms to be delivered in Romania by 2023

by Property Forum
The hotel sector in Romania in on the recovery path following the steep drop in demand recorded in 2020 due to lockdown measures designed to contain the pandemic. Despite the health crisis, few projects have been abandoned, while deliveries of new hotels were delayed or postponed. 
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Latest news


New leases

  • Buchareast-based office project Floreasca Park has reached over 80% occupancy, following over 4,400 sqm of recent leasing activity. Leroy Merlin has leased 3,900 sqm, while IGEL Technology is occupying 515 sqm.
  • Henkel Romania has sold a 1,800 sqm property in central Bucharest, which served as its HQ, to a high-end residential developer. The deal was brokered by iO Partners.
  • The family shopping centre M1 Kraków, managed by EPP, is strengthening its gastronomic, service and sports offer. The group of new tenants includes Sports Direct, which is making its debut in the capital of Małopolska, as well as the oriental restaurant Asia Mama and the pet shop Maxi Zoo. In recent months, Cukiernia Sowa has also opened its doors to customers. MediaMarkt, McDonald's, HalfPrice and 4F, which presented an enlarged salon in the new BLACK concept, have decided to continue their cooperation with the Kraków facility and modernise their premises. All signed contracts cover over 6,000 sqm of space.

New appointments

  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.
  • Maciej Wieczorkiewicz is joining the Avison Young Technical Advisory team in Poland. Maciej is an experienced engineer with many years of experience in managing fit-out projects and investments in the commercial property sector. During his career development, he has worked for companies such as Made In Terior, TECAS Fitout and Colliers Define.
  • Tomáš Fabian has taken on the responsibility of leading the Czech commercial development team at Skanska as Executive Vice President Operations Czech Republic, while still keeping the current responsibilities as Executive Vice President Legal Counsel (CEE).

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