ARTICLES LABELLED WITH TAG Romania

News Bucharest to see record level of supply growth
27
Feb
2020

Bucharest to see record level of supply growth

by Property Forum
A new record level of modern industrial, office and retail projects is expected to be delivered in 2020, as developers announced projects of over 1.2 million square meters, according to the latest Bucharest City Report published by JLL.
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News Retail continues to suffer across CEE but the overall outlook is still positive
24
Feb
2020

Retail continues to suffer across CEE but the overall outlook is still positive

by Property Forum
According to the latest RICS Commercial Property Monitor, occupier and investment sentiment remains mostly positive across main CEE markets with the exception of Bulgaria where the outlook is slightly negative. Retail continues to suffer across the region as demand for retail assets fell on both the occupier and investment sides of the market in most countries.
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News Forte Partners buys Bucharest land plot
24
Feb
2020

Forte Partners buys Bucharest land plot

by Property Forum
Romanian developer Forte Partners has acquired a 9,300 sqm land plot of on Expozitiei Boulevard in Northern Bucharest, Ziarul Financiar reported.
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News Urbano Parks invests €14 million in Cluj-Napoca logistics park
20
Feb
2020

Urbano Parks invests €14 million in Cluj-Napoca logistics park

by Property Forum
Romanian developer Urbano Parks is investing €14 million in a logistics park located in Cluj-Napoca, Romania.
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News Globalworth Industrial reaches 100% occupancy rate
20
Feb
2020

Globalworth Industrial reaches 100% occupancy rate

by Property Forum
Globalworth signed a lease with DS Smith for its second logistics park in Timisoara, a project belonging to Globalworth Industrial, its industrial and logistics sub-brand. DS Smith decided to relocate its Service Center operations from Timisoara, renting more than 6,000 sqm at the park. Following this new collaboration, the occupancy rate in all completed industrial projects under the Globalworth umbrella reached 100%.  
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News Growing demand for industrial assets in Western Romania
18
Feb
2020

Growing demand for industrial assets in Western Romania

by Property Forum
The industrial property market in the western and north-western areas of Romania is growing rapidly, after the stock has doubled in just four years, becoming the second-largest market after Bucharest. Stock is expected to exceed 700,000 sqm this year, according to CBRE data. The company recently advised the lease of a total area of about 18,000 sqm of industrial space within the Timisoara Industrial Park II project, which thus became fully occupied.
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News New investors increase competition for the best assets in Romania
17
Feb
2020

New investors increase competition for the best assets in Romania

by Property Forum
In the last five years, the Romanian real estate market has attracted over 20 new investors from all over the world, the most active of them making acquisitions with a total value of approximately €1.5 billion, according to Cushman & Wakefield Echinox.
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News CBRE leases 1 million sqm of offices in CEE in 2019
13
Feb
2020

CBRE leases 1 million sqm of offices in CEE in 2019

by Property Forum
Although there has been a slight decline in total office demand, CBRE leased 1 million square meters of office space last year in the CEE region. For Romania’s office market, 2019 was a prolific year, with the modern stock surpassing 3 million sqm and, finally, with a reversal of classes composition: Class A became the preponderance with 53% of the total. As the main market of the country, Bucharest faced a strong demand, approximatively 386,000 sqm being leased in 2019 – an impressive 19% growth compared with 2018
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News AFI Europe to expand Bucharest mixed-use project
13
Feb
2020

AFI Europe to expand Bucharest mixed-use project

by Property Forum
AFI Europe Romania plans to expand the AFI Cotroceni mixed-use project in Bucharest with new retail, office, residential and hotel components. According to Ziarul Financiar estimates, the expansion would see the project’s total value increase from €700 million to €1-1.2 billion.
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News Romania’s logistics market grows rapidly
13
Feb
2020

Romania’s logistics market grows rapidly

by Property Forum
In 2019, the stock of modern industrial and logistic facilities in Romania reached 4.6 million square meters, up by approximately 10% compared to the previous year. Nearly 9% of the total stock was delivered just in 2019 and the market has potential to almost double to 8 million square meters in the next years, closing the gap between Romania and other CEE markets, according to Colliers International.
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Latest news


New leases

  • The company PKB Inwest Budowa has announced that the retail chain Lidl Polska will be a tenant of the newly developed Retail Park in Garwolin. The investment will include the construction of 3 buildings with a total area of 11,045 sqm. GLA. One of of them with an area of over 2,100 sqm will be occupied by a Lidl Polska shop.
  • Peek & Cloppenburg has chosen the Szczecin Galaxy shopping centre to make its debut in West Pomerania in Poland. The brand's only shop in this part of the country will be almost two thousand square metres in size.
  • The Enel-med clinic chain is opening two new outlets in Wrocław: 510 sqm in Sagittarius Business House and 1,374 sqm in the Infinity office building.

New appointments

  • Angelika Majkowska has taken up the position of HR director at Apsys Poland. Angelika, who has been with the company since 2013, will be responsible for complex HR policies in an organisation with a structure involving more than 19 teams in various locations.
  • Filip Krstičević is joining iO Partners in Zagreb as Regional Manager, focusing on leasing and land deals across the region. With a strong track record of acquiring land sites and developing residential and commercial properties in both Croatia and Australia, Filip is well placed to support international investors entering the Croatian market.
  • The Management Board of Globe Trade Centre S.A. has announced that on 18th of March, 2024 the company accepted Barbara Sikora's decision to resign from the company's authorities.

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