ARTICLES LABELLED WITH TAG Romania

29
Nov
2017

One United Properties to issue €20 million bond

by Property Forum
One United Properties, a real estate developer specialised in Bucharest residential property, will issue €20 million worth of 4-year bonds through private placement, fully funded by co-management by Credit Value Investments in Poland. The money will be spent on the company existing and new residential developments.
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24
Nov
2017

AFI Cotroceni valued at over €500 million

by Property Forum
AFI Europe Romania published its financial results. The Net Operating Income (NOI) from its income producing assets in Romania was over €37 million in the first nine months of the year, representing respectively 10.4% higher results compared to the same period in 2016. The value of the existing income producing assets AFI Cotroceni, AFI Ploiesti and the 5 office buildings of AFI Park increased by 7.5% to €735 million according to the valuation performed as of September 30, 2017.
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20
Nov
2017

Openville Timişoara to open in Q4 2018

by Property Forum
The Openville Timişoara development, the largest mixed-use project in the west of Romania will be opened in the fourth quarter of next year, upon completion of the first phase of development. The project that integrates the current Iulius Mall Timişoara will comprise office, retail, park and entertainment uses, and is developed by the IULIUS and Atterbury Europe companies.
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20
Nov
2017

Anchor Grup invests €9.5 million in Bucharest residential project

by Property Forum
Turkish real estate developer Anchor Grup will invest €9.5 million in the Pallady Towers residential project.
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20
Nov
2017

Commercial property in CEE continues to boom, but for how long?

by Ákos Budai
The outlook for Central and Eastern European markets is still positive according to the RICS Commercial Property Monitor. Results for Q3 2017 show that both occupier and investment demand are still on the rise across the region. The peak of the current cycle is, however, undoubtedly getting closer.
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15
Nov
2017

River Development starts new Bucharest project

by Property Forum
River Development, part of Romanian SEMA Group, has announced the start of the construction works for The Light office building located in Politehnica area, on the grounds of the former Pumac factory in Bucharest. The building will have a gross leasable area of 21,000 square meters and will be delivered in the first quarter of 2018 following an investment of around € 33.5 million.
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15
Nov
2017

Romanian investment market continues to boom

by Property Forum
The industrial, logistics and office sectors in Bucharest were the drivers of the real estate development market in the first nine months of the year, while the retail sector recorded the lowest growth rate in terms of projects delivered in this period of time. On the property investment market, the retail sector was the star, cumulating 60% of the volume traded in the first nine months.
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13
Nov
2017

Bucharest’s Veranda Mall to be expanded

by Property Forum
The developer of Bucharest’s Veranda mall will begin work on expanding it one year after inauguration, zf.ro reports.
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13
Nov
2017

CTP buys Phoenix Logistics Center for €7 million

by Property Forum
CTP has acquired Phoenix Logistics Center (PLC) from the Dutch company LSREF3 Alpha Dutch Holdings B.V. The centre has been integrated into CTPark Bucharest and is located in Chiajna, 10 km from Bucharest’s centre.
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13
Nov
2017

IT firms drive demand in Bucharest

by Property Forum
The Bucharest office market saw a net take-up of close to 45,000 sqm in this year’s third quarter. According to data from Colliers International, the demand came mostly from IT and BPO/SSC companies, including from the new entries in the market: Amazon, GoPro and Systematic.
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Latest news


New leases

  • From March 2022, Skyliner will become the new headquarters of the Polish branch of Colonnade. The insurer will occupy the area of 1,500 sq m. The company operates in the field of “non-life” insurance products for corporate and individual clients.
  • 108 Agency Hungary has mediated a lease of 5,000 sqm for Citronex at WLP Budapest East Business Park. Citronex is a Polish family company that has been on the market since 1988, setting the highest standards in many diverse industries.
  • 108 Agency Slovakia has secured a lease of 3,392 sqm for a confidential client in the Plus Centrum office building located in Bratislava.

New appointments

  • Diófa Fund Management has appointed Gábor Pozsgai as the company's new advisor to the Board of Directors. He will be responsible for the development and efficient operation of the sales strategy framework.
  • Colliers Poland is developing its Workplace Innovation department – Karolina Dudek, PhD has just joined the team as Associate Director. She will use her skills in organisational diagnosis, knowledge of research methodology and design management expertise to support the shaping of sustainable work environments.
  • Cromwell Property Group has appointed Piotr Goździewicz as senior investment manager for Central and Eastern Europe. He will be responsible for executing a variety of investment strategies of Cromwell and its capital partners in the region with a focus on Poland, Czech Republic and Slovakia.


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