Romanian company Impact Developer & Contractor recorded sales of 90.3 million lei (€18.5 million) for 110 residential units in the first half of 2022, up 45% compared to the same period of last year.
Liviu Tudor, Founder and Chairman of Genesis Property, spoke to Property Forum about the development status of the YUNITY Park project in northern Bucharest and the upgraded experience that offices have to offer to tenant companies and their employees for future growth.
As students are preparing to resume their university studies in person, asking rents in large cities have gone up by up to 10% by the end of August 2022 compared to the same period of last year, according to property platform Imobiliare.ro.
UK-based commercial property fund manager and investor First Property Group concluded the sale of Tureni Logistic Warehouse, with a total area of about 8,300 sqm, in a deal brokered by real estate consultancy company Colliers.
Dimitris Raptis, Globalworth Group CEO, spoke to Property Forum about the investments made to secure a smooth return of employees to the company’s office buildings and the importance of sustainability and market-leading certifications in a hybrid work ecosystem.
Romanian company Eden Capital Development has started the development of the second phase of the Cortina North residential project in Bucharest that will include close to 1,000 apartments, with the first deliveries expected in the second half of 2023.
Around 120,000 sqm of retail projects are slated for delivery in the second half of 2022, although some projects could be delayed until the first part of 2023, especially if the developers meet certain difficulties with the construction or leasing process, according to real estate consultancy Colliers.
Property developer Speedwell has recently obtained the building permit for the second residential building of the Paltim mixed-use project developed in Timișoara.
CTP has started the development of a new industrial project in Arad with a leasable area of around 100,000 sqm. CTPark Arad West will be the third project owned by CTP in the city.
The Slatina Shopping Park, located in Southern Romania, has reached a total commercial area of 8,700 sqm following an extension completed by Square 7 Properties and Mitiska REIM investment fund.
Wunderman Thompson Technology has decided to relocate its office in Poznań to the Nowy Rynek E building by Skanska, under construction at the junction of Wierzbięcice and Matya streets. In selecting the location and negotiating the lease, the tenant was supported by experts from the Poznań office of the Colliers consulting company.
Objectivity, an IT company, has extended its lease agreement in Wrocław's West Forum complex. The annex concerns nearly 4,400 sqm of office space and approximately 140 parking spaces.
Consulting firm Altman Solon has leased 900 sqm of office space on the 21st floor of the Widok Towers skyscraper in Warsaw. It will move into its new office at the end of the year.
New appointments
Dominik Pawlak takes the position of Director in the Office Agency department at Avison Young Poland, where he will be responsible for the company's key clients, as well as training junior team members.
Tezenis brand has joined the tenants of Galeria Warmińska. This is the first showroom of this Italian brand in Olsztyn in Poland. The new boutique occupies an area of approximately 190 sqm.
Anna Trębicka will be responsible for the integration of all CBRE business lines in the Łódź region in Poland, as well as the development and proper functioning of the Łódź branch.
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