The modern office stock in Romania has reached 4.3 million sqm at the end of the first semester of 2022, with another 335,300 sqm slated for delivery by the end of 2023, according to real estate consultancy CBRE.
Strategic investor Hili Properties, part of Hili Ventures, has purchased a controlling stake of 75% in Miro office building, developed by Speedwell in northern Bucharest, for an undisclosed sum. The remaining stake in the project will remain in the developer’s ownership for another two years.
Silviu Stratulat, Managing Partner, Stratulat Albulescu spoke to Property Forum about the impact of the crisis in Ukraine on the CEE real estate market, but also about the bank financing environment for developments amid rising interest rates. The law firm is planning to boost the logistics segment in its portfolio and expand with a new office in Moldova.
Property developer Skanska has named Anamaria Crețu and Tamara Guleryuz as Leasing & Asset Managers for the Romanian portfolio. The roles contribute to the growth of the business and the improvement of the experience offered to clients and occupiers of buildings.
Bucharest recorded 10 of the 14 major property transactions closed in the first half of 2022, while the overall volume of investment rose by 6% to €323 million compared to the first half of 2021, according to real estate consultancy CBRE.
Alexandru Pascu, Regional Key Accounts Manager CEE at Atalian, spoke to Property Forum about the impact of ESG policies on the demand structure for facility management services and the growing role of technology in shaping the buildings of the future.
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.
The investment volumes in Romanian residential projects reached 4.6 billion lei (€933.5 million) in the first quarter of 2022, which was up 50% compared to the same period of last year, according to a report by real estate consultancy Colliers.
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.
Newmark Polska, a commercial real estate advisory firm, has relocated its Warsaw headquarters. Its new office is located in Centrum Marszałkowska in the very centre of Warsaw.
The office of the European Shared Service Centre of the Franke brand, a manufacturer of home and professional kitchen equipment, is moving to the myhive Nimbus building on Jerozolimskie Avenue in Warsaw, owned by Immofinanz. The contract, brokered by ITRA Polska, is for the lease of 1,500 sqm of office space.
At the beginning of July the Warsaw team of EPP company moved to Park Rozwoju office park and will occupy approximately 1,200 sqm on the 6th floor in Building B. EPP is both the owner and the manager of the complex.
New appointments
Karol Milczarski has joined the ranks of Colliers Poland experts, taking up the position of Senior Associate in the Commercial Space Department. His main task is to comprehensively support clients in the process of acquiring attractive street locations not only on high streets, but also within densely populated residential districts.
Danubius Hotels has appointed Andrea Róna as Group Director of Development. She has decades of experience in hotel management and development as well as asset management. The expert will be responsible for the further expansion and development of the hotel chain.
Cushman & Wakefield promotes Petr Markvart, Head of Landlord Representation Services in the Office Agency team, to Partner.
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