ARTICLES LABELLED WITH TAG Romania

19
Sep
2018

Have CEE markets already peaked?

by Ákos Budai
Real estate professionals surveyed by the RICS in Q2 2018 now believe that the Czech investment market has reached the peak of the current cycle while the Hungarian and Polish markets are also close to peaking. Nevertheless, market sentiment is still positive on both the occupier and investment market in all CEE countries monitored by the RICS Commercial Property Monitor, including Croatia and Romania.
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19
Sep
2018

Globalworth continues heavy expansion

by Property Forum
Globalworth released its interim report and unaudited consolidated financial results for H1 2018. The company continued to expand heavily in its core markets, Poland and Romania.
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18
Sep
2018

Immofinanz cancels plans for Braşov retail park

by Property Forum
Immofinanz has renounced its plans for the construction of a Stop Shop retail park in Braşov citing the lengthy process of obtaining a construction permit. The developer is considering selling the land.
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17
Sep
2018

Local retailer acquires Timișoara office building for €6.2 million

by Property Forum
CIT Group, a Romanian retailer specialised in IT equipment, has acquired the Nokia building in Timișoara for €6.2 million which marks the company’s entry into the real estate business. The property will be managed by CIT’s Imobiliare division.
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14
Sep
2018

The next 10 years look promising for Romania

by Property Forum
About 10 years ago, Lehman Brothers’ bankruptcy would mark the peak of the global financial crisis and would be followed by a deep recession in several parts of the world, including Romania. However, Romania has come a long way in the last decade, with the economy seeing some radical transformations, as well as in real estate; the real estate consultancy company Colliers International Romania sees the next 10 years offering an attractive risk/reward profile.
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13
Sep
2018

Romania’s regional office stock to exceed 1 million sqm in 2019

by Property Forum
The office stock in the major regional cities of Romania - Cluj-Napoca, Timisoara, Iasi and Brasov – has doubled over the past five years and will continue to grow at an accelerated pace, being expected to exceed the 1 million sqm threshold in 2019, according to the Cushman & Wakefield Echinox Office Market Regional Cities study.
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10
Sep
2018

Oradea Shopping City sells for €8 million

by Property Forum
Oradea Shopping City, the Romanian city’s second largest shopping centre which is currently going through a second bankruptcy, has been purchased by the shareholders of Lotus Center Mall, the city’s largest shopping centre, for €8 million.
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06
Sep
2018

Has the Romanian market already cooled down?

by Ákos Budai
2017 was an exceptional year for Romania, but the market looks a bit stagnant right now. Răzvan Gheorghiu-Testa FRICS, Partner and Head of the Real Estate Practice Group at Ţuca Zbârcea & Asociaţii talked to Property Forum about market dynamics, legal challenges and the impacts of technology.
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06
Sep
2018

C&W Echinox launches training academy for tenants

by Property Forum
The Property Management Department of Cushman & Wakefield Echinox has expanded its service line by creating the first Training Academy in Romania, called Drawing Business Value Academy, dedicated to tenants in commercial buildings and office buildings occupiers, in partnership with DBV Management & Training, a training and consulting company. The aim of the Academy is to increase the tenants' performance in shopping centres by improving the quality of service and customer relationship and the experience of office buildings occupiers through the development of a community
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02
Sep
2018

Bucharest workers move into modern offices

by Property Forum
The number of employees in Class A and B office buildings in Bucharest has reached about 253,000 at the end of the first semester of 2018, a slight increase compared to the end of 2017. In H1 2018, the number of employees working in companies with headquarters in modern office buildings in the capital increased by 3,000, according to estimates of Cushman & Wakefield Echinox. Considering the office projects whose delivery is announced for the second half of the year, the number of employees in modern office buildings in Bucharest could rise to 270,000 by the end of 2018.
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