ARTICLES LABELLED WITH TAG romania
25
Jan
2022
Jan
2022
RE/MAX Romania transaction activity tops €300 million in 2021
Real estate consultancy RE/MAX Romania brokered property deals worth more than €300 million in 2021 and almost doubled its commission income to €10.5 million.
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21
Jan
2022
Jan
2022
Art Property to boost residential management operations in Romania
Art Property, the developer of the €20 million Art City residential complex in Bucharest, is looking to expand its presence in the property management field and appointed a new management team to implement the operational plans.
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21
Jan
2022
Jan
2022
Portico Investments makes new retail purchase in Bucharest
Portico Investments has purchased a new Profi store in Bucharest, in a bid to expand its Romanian portfolio.
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21
Jan
2022
Jan
2022
Yellow Tree buys office building in central Bucharest
Property group Yellow Tree has acquired an office building near Victoriei Square from a company that is under administration.
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20
Jan
2022
Jan
2022
Primark to open first store in Bucharest by year-end
International retailer Primark has announced the opening of its first store in Romania as part of an expansion bid in Central and Eastern Europe. The new store will start operations towards the end of this year and will be located in Bucharest-based ParkLake Shopping Centre, owned by Sonae Sierra.
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20
Jan
2022
Jan
2022
CTP’s industrial portfolio in Romania reaches 2.1 million sqm
CTP’s portfolio of industrial and logistics spaces in Romania reached 2.1 million sqm in January 2022, with representatives of the company suggesting that the country can become a logistics hub for the region.
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19
Jan
2022
Jan
2022
Griffes plans further expansion in Romania and beyond
2021 was a busy year for Romanian real estate agency Griffes with 44,000 sqm of office space leased, a new project as co-investor and the company’s first international leasing mandate. Andreea Paun, Managing Partner and Founder of Griffes talked to Property Forum about the results of last year and shared the company’s expansion plans for 2022.
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19
Jan
2022
Jan
2022
Romania’s construction industry is set to grow in 2022 and 2023
According to the forecast of EECFA, the Romanian construction industry is poised to grow in both 2022 and 2023. The main drivers of growth vary, including low interest rates and excess liquidity that boost the residential subsector or the use of EU 2014-2020 cohesion funds to help boost civil engineering, writes Dr Sebastian Sipos-Gug from Ebuild srl / EECFA Romania.
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19
Jan
2022
Jan
2022
New office demand in Bucharest up 47% in 2021
New demand for office spaces in Bucharest soared 47% to 104,000 sqm year-on-year in 2021, while total demand volumes gained 23% to 263,000 sqm, according to real estate consultancy Colliers.
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19
Jan
2022
Jan
2022
Property investments in Romania flat at €916 million in 2021
Commercial real estate investments in Romania totalled €916 million in 2021, up only 0.2% compared to the previous year, marked by several transactions valued at more than €50 million in the office, retail and industrial segments, according to real estate consultancy Cushman & Wakefield Echinox.
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Latest news
- Indotek CEO backs wealth tax in Hungary but warns of risks
- Crestyl secures €165 million funding for Polish expansion
- NEPI Rockcastle to add EV charging points across Polish retail portfolio
- Panattoni builds 11,000 sqm BTS facility for InPost in Sosnowiec
- We are at an inflexion point in the investment market
- PSN to reconvert Prague ex-telephone exchange into premium rental housing
- Polish investment market posts best Q1 in four years
- Reico buys office building in Bratislava from Immocap
- CTP secures over 12,000 sqm of new leases across Poland
- Romania secures victory in Casa Radio arbitration for mixed-use project
New leases
- IF&B Mille Sapori, the importer and distributor of Italian food products in Poland, has leased 4,118 sqm in the MLP Pruszków II complex. The lease deal was brokered by Coldwell Banker Commercial.
- Golden Star Estate has secured lease agreements totalling around 2,400 sqm at Warsaw-based Oxygen Park. Puerta has joined as the operator of the SZAWA conference centre, occupying over 650 sqm of training and event space. Additionally, fish product manufacturer Vicziunai-Pol Spółka leased nearly 140 sqm. Existing tenants Parker Hannifin, Diasorin Poland, and Nieruchomości Plus all extended their stays, maintaining a combined footprint of over 1,550 sqm.
- BearingPoint has relocated its Bucharest office to Vastint’s Timpuri Noi Square, in a deal brokered by Griffes.
New appointments
- Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
- Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.
- Michał Kochanowski-Laren has joined Avison Young Poland’s Technical Advisory and Project Management team as Project Manager. In his new role, he is responsible for delivering a variety of consultancy projects across all segments of the commercial real estate market in Poland. Kochanowski-Laren is an electrical engineer and a graduate of the Warsaw University of Technology.
