ARTICLES LABELLED WITH TAG romania

News - Bucharest permitting limitations to put pressure on office rents
31
May
2023

Bucharest permitting limitations to put pressure on office rents

by Property Forum
The massive delays in the issuance of permits for new real estate projects in Bucharest will put upward pressure on office rents, according to a report by Griffes
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News - “Cold shell” office rentals gain ground in Romania
31
May
2023

“Cold shell” office rentals gain ground in Romania

by Property Forum
A growing number of office developers in Romania are beginning to deliver to tenants unequipped, ”cold shell” space without fixtures and finishes. Meanwhile, tenants are investing at least €‎30 per sqm of their development budget for demolition and reconfiguration to adapt the space to specific needs and strategic plans, according to Colliers' data. 
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News - STC Partners reaches 50% sale rate for resi project in Bucharest
31
May
2023

STC Partners reaches 50% sale rate for resi project in Bucharest

by Property Forum
STC Partners has reached a 50% sale rate for the first phase of its residential project Quartier Azuga, which is under development in Bucharest. 
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News - Logistics cover half of warehouse demand in Romania in Q1 2023
30
May
2023

Logistics cover half of warehouse demand in Romania in Q1 2023

by Property Forum
Logistics operators accounted for approximately 50% of the Q1 2023 demand for industrial spaces in Romania which totaled 330,000 sqm, up 10% year-on-year, according to Cushman & Wakefield Echinox. 
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News - Bucharest drives office leasing within Romania in Q1 2023
30
May
2023

Bucharest drives office leasing within Romania in Q1 2023

by Property Forum
Bucharest accounted for 75% of the total office space that was leased across major Romanian cities in Q1 2023 according to a study by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance. 
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News - Honeywell takes 24,000 sqm from Globalworth in Bucharest
29
May
2023

Honeywell takes 24,000 sqm from Globalworth in Bucharest

by Property Forum
Software industrial company Honeywell has expanded its lease in Globalworth’s BOC office building in Bucharest and will occupy over 24,000 sqm.
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News - Speedwell expands industrial project near Bucharest
29
May
2023

Speedwell expands industrial project near Bucharest

by Property Forum
Belgian developer Speedwell has started the construction works for the second phase of development for SpacePlus West project, near Bucharest. The new development will have a leasable area of 7,000 sqm, while the whole project will reach 10,000 sqm. 
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News - Anchor Grup introduces new brands to its retail portfolio
26
May
2023

Anchor Grup introduces new brands to its retail portfolio

by Property Forum
Real estate developer Anchor Grup has added new brands to its retail portfolio in a bid to enhance the customer experience in its București Mall and Plaza România shopping centers. 
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News - Globalworth aims to boost Romanian portfolio
26
May
2023

Globalworth aims to boost Romanian portfolio

by Ovidiu Nicolae
Dennis Selinas, Globalworth Group CEO, spoke with Property Forum about the investment plans in the industrial segment, the outlook for rents in Bucharest and the efforts to enhance the value of its office portfolio on the Polish and Romanian markets
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News - NEPI Rockcastle obtains certificate for Ploiești Shopping City
25
May
2023

NEPI Rockcastle obtains certificate for Ploiești Shopping City

by Property Forum
Property group NEPI Rockcastle has obtained a BREEAM In-Use V6 Excellent certification for Ploiești Shopping City as part of its strategy to upgrade its operations to the highest ESG standards. 
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Latest news


New leases

  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.

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