ARTICLES LABELLED WITH TAG Romania

News C&W Echinox: Most workers prefer 3-4 office days per week
10
Apr
2020

C&W Echinox: Most workers prefer 3-4 office days per week

by Property Forum
Saving money and time spent in traffic are the main advantages of working from home, while the main disadvantages are the lack of direct socialization with colleagues and the difficulty in separating professional from personal time, according to a survey conducted by Cushman & Wakefield Echinox.
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News How will Romania’s office market look like after COVID-19?
10
Apr
2020

How will Romania’s office market look like after COVID-19?

by Property Forum
Everyday personal and professional life have both been impacted by the COVID-19 pandemic in a radical and unexpected way, and the general opinion is that its influence and effects will have repercussions on how people live and work, even after the medical situation will be stabilized. Cushman & Wakefield Echinox and Dentons are launching a debate over 10 issues that will impact the entire office sector in Romania, covering over 350 modern buildings with a total surface of more than 4 million square meters and approximately 400,000 employees working in some of the largest companies, emblematic for the national economy.
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News Romania’s investment market performs well in Q1 2020
09
Apr
2020

Romania’s investment market performs well in Q1 2020

by Property Forum
With a total volume of approximately €120 million in the first quarter, the Romanian investment market had a similar start compared with the same period in 2019, when the volume of transactions was €117.5 million. An optimistic scenario puts the total volume of investments for 2020 at €750 million, while a pessimistic one somewhere at €500 million. Crosspoint Real Estate has issued its latest market report on the Romanian real estate market’s performance.
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News Colliers: CEE investment volumes expected to drop in Q2/Q3
08
Apr
2020

Colliers: CEE investment volumes expected to drop in Q2/Q3

by Property Forum
The preliminary investment volumes for the CEE region for Q1 2020 have reached ca. €3.7 billion, despite the onset of COVID-19 in CEE at the beginning of March. This volume was significantly boosted by the ca. €1.3 billion acquisition of the Residomo portfolio in the Czech Republic by Heimstaden, however, it still represents a y-o-y growth of 68% over Q1 2019 (ca. €2.2 billion) and 28% over Q1 2018 (ca. €2.9 billion).
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News Zacaria offers free warehouse space for local authorities and NGOs
07
Apr
2020

Zacaria offers free warehouse space for local authorities and NGOs

by Property Forum
Romanian developer Zacaria Group is offering industrial space free of charge for local authorities and non-governmental organizations to help manage the emergency caused by the COVID-19 pandemic, Transilvania Business reports. Furthermore, the company, for the first time, offers short-term rentals for companies that have to expand or temporarily move their activities due to the coronavirus crisis.
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News One United Properties moves ahead with full speed in Bucharest
07
Apr
2020

One United Properties moves ahead with full speed in Bucharest

by Property Forum
Romanian residential developer One United Properties is moving ahead with three new projects in Bucharest.
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News AFI Europe postpones Brasov opening due to COVID-19
06
Apr
2020

AFI Europe postpones Brasov opening due to COVID-19

by Property Forum
AFI Europe Romania announces the rescheduling of the opening date for AFI Brasov, the largest shopping centre project to be delivered in Romania in 2020. Initially planned for the spring of this year, the opening date is now scheduled for the autumn of 2020, should the overall social conditions allow it.
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News Chinese trends help outline potential recovery paths for Romania
03
Apr
2020

Chinese trends help outline potential recovery paths for Romania

by Property Forum
The business environment in China was the first hit by the COVID-19 epidemic, but the fast decrease of new cases in the past weeks brings hope for recovery in the second half of the year, with a positive impact on the real estate market as well. Based on China’s evolution, a similar outcome could be expected in Romania too, mainly driven by e-commerce, after the outbreak peak is surpassed and the number of new cases drops. Moreover, the current situation can bring growth opportunities for certain industries including segments of the real estate market, according to Colliers International.
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News NEPI Rockcastle asks AFI Europe for €15 million compensation over uncompleted transaction
02
Apr
2020

NEPI Rockcastle asks AFI Europe for €15 million compensation over uncompleted transaction

by Property Forum
As it was reported yesterday, the €300 million sale of NEPI Rockcastle’s Romanian office portfolio to AFI Europe has been suspended. In their separate announcements, the buyer claims that the completion of the transaction was impossible due to the COVID-19 related restrictions imposed by the authorities, while the seller insists that these restrictions did not prevent completion. The two companies have not reached a consensus on postponing the transaction’s deadline. NEPI Rockcastle has interpreted AFI Europe’s actions as a wish to cancel the acquisition and is now asking the company for a €15 million compensation.
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News Restrictions on shopping affect over 9,000 stores in Romania
02
Apr
2020

Restrictions on shopping affect over 9,000 stores in Romania

by Property Forum
The decision of the authorities to temporarily suspend the purchase of goods considered non-essential from shopping centres affects more than 9,000 stores and each day when they are closed equals €15-20 million lost income, according to Cushman and Wakefield Echinox.
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Latest news


New leases

  • LCP Properties has finalised two further leases for M Park Pionki. The CCC shoe shop will occupy 400 sqm in the building, while the area of the Xtreme Fitness gym will reach 600 sqm.
  • Two more companies have become tenants of Diuna, part of the Warsaw office portfolio of Syrena Real Estate and PineBridge Benson Elliot. Intrum has leased nearly 370 sqm and Carrier Chłodnictwo about 500 sqm in the complex on Taśmowa Street. In addition, WDX has extended its lease for nearly 500 sqm of space.
  • Castorama has opened its 103rd shop in Poland. The outlet in the compact Smart concept is located in the Dekada shopping centre, at Armii Krajowej Street in Grójec. It is a 2,000-square-metre retail space, an outdoor garden zone and an assortment of around 15,000 off-the-shelf products.

New appointments

  • Prologis' Warsaw team has gained a new director. As of 1st of April, Marzena Tkaczuk has joined the team of development experts. As Capital Deployment Director, she will be responsible in particular for the implementation of build-to-suit projects.
  • Hagag Development Europe has named Ana-Maria Nemțanu as Leasing Director. She has over 17 years’ worth of experience in the local real estate industry.
  • Emilia Dębowska has been promoted to the position of Head of Sustainability Europe of Panattoni. In her new role, she will be responsible for Panattoni’s integrated sustainable development strategy encompassing both the company’s business goals and the development of its projects in Europe for every country in which the developer is active.

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