ARTICLES LABELLED WITH TAG romania
04
Apr
2022
Apr
2022
Globalworth takes over CATTED industrial project in Bucharest
Property investor Globalworth has purchased a small business units logistics project previously developed by CATTED in Chitila, near Bucharest. Furthermore, the two companies will acquire a land plot of around 45,000 sqm in Ștefănești for a new logistics investment.
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01
Apr
2022
Apr
2022
Bucharest offers cheapest office rent among major European cities
Class A offices in Bucharest have some of the cheapest rents compared to other large European cities with strong business centres, according to a report by BNP Paribas Real Estate Alliance members.
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31
Mar
2022
Mar
2022
Property investments in Romania up 8.7% in past two years
Romania's commercial property market has remained liquid throughout the pandemic period, with total investment volumes reaching €1.83 billion over the 2020-2021 period, up 8.7% versus 2018-2019, according to a report by real estate consultancy Cushman & Wakefield Echinox.
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30
Mar
2022
Mar
2022
PPF Real Estate buys office construction site in Bucharest
Czech investor PPF Real Estate has purchased a construction site land with a building permit in Bucharest, for the development of a new office building named ARC from property developer RC Europe. The project is due for completion in 2024 following an estimated investment of €60 million.
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30
Mar
2022
Mar
2022
Developers in Romania ask for solutions with higher energy efficiency
The rising prices of raw materials and ongoing supply problems result in a more challenging environment for construction, but at the same time, strong demand from developers and a focus on ESG and technology create a good opportunity for growth. Attila Beer, Country Manager of Alukönigstahl Romania talked to Property Forum about the trends driving Romania’s construction sector.
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30
Mar
2022
Mar
2022
CTP Romania names new Head of Property Management
Industrial developer CTP Romania has appointed Răzvan Danciu as Head of Property Management for its portfolio comprising 2.1 million sqm.
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29
Mar
2022
Mar
2022
Prime Kapital gets green loan for Romanian projects
Property group Prime Kapital has secured a green club loan of €125 million for its development joint-venture with listed property investor MAS plc.
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25
Mar
2022
Mar
2022
Globalworth records best year in office leasing, increases profit
Globalworth’s net profit in 2021 significantly improved to €47.5 million (2020: net loss of €46.8 million) while it recorded its best year in office leasing with 214,500 sqm of spaces taken up or extended. The company has released its annual report and audited consolidated financial results for 2021.
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24
Mar
2022
Mar
2022
Immofinanz opens first coworking space in Bucharest
Austrian property investor Immofinanz has opened its first coworking space in Bucharest, under the mycowork brand, the flexible office component of myhive.
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24
Mar
2022
Mar
2022
Global Investment Group kicks off resi project in Bucharest
Romanian Global Investment Group has started the development of a new residential project in Bucharest that will feature 240 apartments following an investment of €40 million.
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Latest news
- Panattoni starts 20,000 sqm logistics centre for Toyota in Warsaw
- Aupark Shopping Centre secures €270 million refinancing
- 7R to develop 230,000 sqm urban logistics complex in Kraków
- Skanska advances with second phase of H2Offices complex in Budapest
- Hubix invests in Timișoara mixed-use project
- Czech retail parks hit 15-year expansion high as locals shop closer
- Panattoni sells automated e-grocery hub near Warsaw for €30 million
- Check who’s shaping Czechia’s real estate market in 2026
- iO Partners launches workplace strategy platform
- Ares acquires Polish logistics portfolio from Savills IM
New leases
- Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
- Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
- Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.
New appointments
- Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
- Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
- Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
