ARTICLES LABELLED WITH TAG Romania

News Romania’s largest investment deal of 2019 suspended due to COVID-2019
01
Apr
2020

Romania’s largest investment deal of 2019 suspended due to COVID-2019

by Property Forum
The €300 million sale of NEPI Rockcastle’s Romanian office portfolio to AFI Europe has been suspended due to the coronavirus crisis, Profit.ro reports.
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News Liebrecht & wooD develops outlet centre near Bucharest
30
Mar
2020

Liebrecht & wooD develops outlet centre near Bucharest

by Property Forum
Belgian real estate developer Liebrecht & wooD, continues the development of its second outlet centre on the Romanian market, in Cernica, near Bucharest, despite the effects of the COVID-19 pandemic, zf.ro reports.
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News Romanian residential developer plans €100 million bond issue
27
Mar
2020

Romanian residential developer plans €100 million bond issue

by Property Forum
Impact Developer & Contractor, a real estate developer listed on the Bucharest Stock Exchange, has convened the shareholders to approve a bond issue of maximum €100 million on 28 April.
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News Globalworth further improves its liquidity
26
Mar
2020

Globalworth further improves its liquidity

by Property Forum
Globalworth released its annual financial reports for 2019 and issued a COVID-19 statement. Since the beginning of the year, Globalworth has further improved its liquidity, which is currently close to €600 million of available cash.
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News Forty Management plans new office project in Bucharest
26
Mar
2020

Forty Management plans new office project in Bucharest

by Property Forum
The Poșta Puișor building in central Bucharest will be transformed into an office building by Forty Management & Investments, a company founded in 2015 by local investors Lucian Azoiței and Tudor Bădițescu, profit.ro has learnt.
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News CTP acquires 57,000 sqm logistics park in Bucharest
25
Mar
2020

CTP acquires 57,000 sqm logistics park in Bucharest

by Property Forum
CTP further expanded its portfolio in Romania and in the vicinity of Bucharest where it owns three properties: CTPark Bucharest West, CTPark Bucharest and CTPark Bucharest Chitila. The most recent 57,000 sqm purchase, Equest Logistic Park, is located near the capital, on the A1, at km 13. It was acquired for approximately €30 million from Forum Serdika, in the beginning of March 2020.
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News Bucharest’s service-driven economy among most insulated in Europe
24
Mar
2020

Bucharest’s service-driven economy among most insulated in Europe

by Property Forum
The Bucharest economy stands as one of the most insulated service centres in Europe to the negative fallout related to the COVID-19 outbreak. This is largely due to Bucharest’s heavy reliance on IT&C activities as well as scientific and professional services, on par with European capitals like Dublin, Paris and London.  That said, Romania’s high integration in global value chains means that it will face significant headwinds given negative developments in the global economy.
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News Erste: a recession in CEE is possible
23
Mar
2020

Erste: a recession in CEE is possible

by Property Forum
Erste Bank Group anticipates an economic slowdown for 2020 in most CEE countries due to the coronavirus situation. The bank’s report mentions a negative scenario as well, which would result in a massive recession in the region.
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News C&W Echinox takes over management of Bucharest building
19
Mar
2020

C&W Echinox takes over management of Bucharest building

by Property Forum
Cushman & Wakefield Echinox has been commissioned to manage Mendeleev Office 5, an office building recently delivered in downtown Bucharest, by Akcent Development.
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News One United donates to fight against coronavirus
19
Mar
2020

One United donates to fight against coronavirus

by Property Forum
One United Properties announced that it is helping the medical system in fighting COVID-19 by donating €100.000.
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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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