ARTICLES LABELLED WITH TAG Romania

20
Oct
2016

It’s time to look beyond Bucharest!

by Ákos Budai
Romania has significantly strengthened its position as a favourable investment destination within Central & Eastern Europe and unlike other countries in the region, the Romanian property market is not entirely dominated by its capital city. Although investors and developers are most active in Bucharest, secondary and even tertiary cities have a lot of potential as well, and several companies have decided to explore what these regional hubs have to offer. 
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13
Oct
2016

House prices grow rapidly in CEE

by Ákos Budai
Central and Eastern European housing markets are over the crisis and prices have once again begun to rise. The general upswing, observed on European housing markets, is supported by a number of factors. Following the economic crisis, GDP has begun to grow once again in most countries and the interest environment is also favourable to borrowing. These both contribute to a recovery in housing market demand, which may then materialise in higher prices. In the case of housing markets in the Central and Eastern European region, significant differences in price dynamics may be observed. Hungary stands out from the field, where a highly significant price rise has been observed in the past two years with the prices of second-hand homes having grown by 29 percent. We take a look at Central and Eastern European housing markets.
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13
Oct
2016

Brasov’s Coresi Business Park expands

by Ákos Budai
L1 building, belonging to the second phase of Brasov’s Coresi Business Park, with an area of 8,300 sqm, was delivered in September 2016. There are ongoing construction works on the second new building, N1, with 8,500 sqm, planned for delivery in Q2 of 2017. Coresi Business Park now totals over 30,000 sqm of a class office space and aims to reach 100,000 sqm in the coming years.
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04
Oct
2016

CEE markets continue to attract new investors

by Ákos Budai
This year has witnessed new players entering Central and Eastern European markets which, when combined with investments from the region's traditional players, has further increased CEE investment activity. Colliers, Skanska and JLL has released a joint report that analyses the region’s potential as an investment location.
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04
Oct
2016

CTP appoints new co-country head of CTP Romania

by Ákos Budai
CTP has announced the appointment of Ana Dumitrache as co-country head for CTP Romania who will co-ordinate operations with CTP CEO, Remon L. Vos. Mrs. Dumitrache will be responsible for funding, finance & accounting, focusing on business development in particular, and will support the overall operations of CTP in Romania. Her target within CTP will be to replicate her success in the banking industry, bringing strength and professionalism to the team, creating bridges with partners and supporting the dynamic growth of the company. 
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28
Sep
2016

Saved by South African investors

by Ákos Budai
In the last quarter alone South African investors have spent €1 billion in CEE and it is most likely that they won’t stop chasing higher yields anytime soon. Even though investments in Central and Eastern Europe are generally considered risky by European standards, coming from other parts of the world opportunities in the region may seem rather safe. We report from CEE Property Forum 2016, co-organised by Portfolio Property Forum and RICS, where over 300 visitors and 70 speakers came together to discuss the most pressing issues concerning regional investment markets.
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31
Aug
2016

Hungary and Romania: lands of attractive yields

by Ákos Budai
Romania and Hungary are seeing new capital flowing into their respective commercial real estate markets as a consequence of a significant yield spread between Western and Eastern Europe. Skanska has relased a new report, focuing on investment opportunities in the CEE region.
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25
Aug
2016

AFI Europe to sell three Bucharest office buildings

by Ákos Budai
AFI Europe Romania has signed a letter of intent for the sale of three of its five office buildings located in AFI Park Bucharest. According to a company report, the letter of intent has been signed in June. AFI Europe wants to sell buildings 1, 2 & 3 of the complex with the option of selling AFI Park 4 & 5 to the same buyer. The name of the possible buyer has not been revealed. 
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11
Aug
2016

Romanian investors develop Sibiu’s first shopping centre

by Ákos Budai
Romanian real estate developer Primavera Development will build a shopping centre in the centre of Sibiu, on the plot of the former Simerom plant. Festival Shopping Center is set to have a 44,000 sqm rentable area and is expected to be opened in H2 2018. The investment in the mall will amount to 70 million euros.
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10
Aug
2016

Adval attracts €6 million for refinancing Cascade Offices

by Ákos Budai
Adval Asset Management supported by JLL's Capital Markets team has successfully secured the refinancing of €6 million of Cascade Offices. Cascade Offices is a 4200 sqm office building delivered in 2005 and located on Buzesti Street, in the heart of the Central Business District of Bucharest. Among the main tenants, the project counts Procredit Bank, Enel and Taiwan TC.
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Latest news


New leases

  • CBRE Hungary's Advisory & Transaction Services, Offices team successfully represented Samsung in their office lease renewal on 2,036 sqm at Gateway Office Park.
  • IULIUS Company signed a partnership with international fashion & home retailer Sinsay, which will operate stores in each of the two Family Market projects under construction in Iași as of the second quarter of next year.
  • AmeriGas, an international propane distributor have just signed a contracts for 5,700 sqm in Forest office building in Warsaw, developed by HB Reavis. The development, designed by HRA Architekci, and the surrounding streetscape regeneration will be completed by 2022.

New appointments

  • Joanna Lewandowska joined 7R as Head of Construction and Design. She will manage a team of professionals involved in the design and architecture of warehouse and industrial buildings and will also supervise the work of project managers responsible for the execution of 7R investments both in Poland and internationally.
  • Katarzyna Chwalbińska-Kusek has joined Savills as Associate Director and ESG & Sustainability Lead in Poland. She has been actively promoting sustainable construction principles for 15 years.
  • Cushman & Wakefield Czech Republic has promoted Lukáš Netolický from the Office team to Partner. Lukáš is Head of Regional Cities CZ at Cushman & Wakefield, leading the firm’s Brno office. His main focus is on the development of its business activities, especially in the office segment.


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