ARTICLES LABELLED WITH TAG Romania

15
Nov
2021

One United Properties gross profit at €48.3 million in Q1-Q3 2021

by Property Forum
Romanian developer One United Properties recorded a record turnover of RON 627.7 million (€126.8 million) in the first nine months of the year, up 87% year-on-year, while the gross profit gained 186% y/y to RON 293.3 million (€48.3 million) on higher residential sales and increased occupancy rates in offices.
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12
Nov
2021

CTP inks lease deal with Tuborg Romania in Bucharest

by Property Forum
CTP, the biggest owner of industrial and logistics spaces in Romania, says it has signed a lease deal with beverage maker Tuborg Romania. 
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12
Nov
2021

Prime Kapital to deliver first phase of Iași project in 2022

by Property Forum
Property developer Prime Kapital says it has finished the demolition phase on a former industrial platform in Iași where it will kick off the construction of Silk District, a mixed-use scheme. 
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11
Nov
2021

IWG adds first franchise partner in Romania

by Property Forum
IWG, the operator of flexible and co-working spaces, says it has signed the first franchise partner in Romania. 
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11
Nov
2021

First Hilton hotel in Brașov to open in 2023

by Property Forum
Venus Crown Residence Estate will develop the first DoubleTree by Hilton hotel in Brașov following the signing of a management agreement with Hilton. The hotel with 150+ guestrooms is expected to open in the summer of 2023 following an investment of €21 million. 
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11
Nov
2021

Catinvest to add 7,200 sqm in Craiova-based shopping mall

by Property Forum
French real estate group Catinvest will add 5,500 sqm retail space, 1,200 sqm for a shared open-air terrace for the food court and a new playground of 500 sqm in Electroputere Mall, located in Craiova. 
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11
Nov
2021

Fortim Trusted Advisors aims for 30% turnover growth in 2022

by Property Forum
Fortim Trusted Advisors, the property consultancy member in the BNP Paribas Real Estate Alliance in Romania, says it will record a turnover of RON 5 million (around €1 million) this year, while next year’s growth expectations are set at 30% year-on-year.
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11
Nov
2021

Hybrid work to drive the post-pandemic economy

by Property Forum
More businesses have discovered that remote work arrangements support growth, but the future of work will include both office-based and remote work, driven by the nature of tasks, suggested speakers during the workplace strategies panel of SEE Property Forum 2021, Property Forum's annual event in Bucharest.
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11
Nov
2021

Romanian property tycoon buys seaside Inter Hotel

by Property Forum
George Becali, one of the wealthiest Romanians active in the property sector, has taken over Inter Hotel from Interagro, an agriculture group that is under administration. 
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10
Nov
2021

Bucharest office deliveries hit record in Q3 2021

by Property Forum
New offices totaling 132,200 sqm were delivered on the Bucharest market during the third quarter, making it the best ever in terms of supply, while 9-months deliveries reached 178,000 sqm, according to real estate consultancy Cushman & Wakefield Echinox. 
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Latest news


New leases

  • FitFabric will open a fitness club in the WIMA Widzewska Manufaktura mixed-use complex, developed by Cavatina Holding on al. Piłsudskiego in Łódź.
  • Stokrotka, Polish grocery chain has leased almost 3,000 sqm (including 125 sqm of office space) in 7R Park Bydgoszcz I warehouse complex.
  • German healthcare services provider doctari group has opened a technology hub in Iulius Town, the mixed-use project based in Timișoara. The company plans to hire 30 tech specialists in the new office.

New appointments

  • Nikola Ristivojevic has started a new position as Director of Capital Markets at Coreside Savills in Serbia. He previously worked as Senior Consultant at CBS International, a member of Cushman & Wakefield Alliance.
  • Victor Răchită has been appointed Leader of the Industrial & Logistics department of real estate consultancy CBRE Romania. He has more than 20 years’ worth of experience in the property industry, working for more than a decade for CBRE.
  • JLL Hungary is launching a business development division in order to maximize synergies between its existing departments and to increase the operational efficiency of its services. The new business unit, responding to rapidly changing market and client needs, will be led by Tamás Pál MRICS, who has more than a decade and a half of experience in the commercial real estate market.


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