Romanian developer One United Properties recorded a turnover of 434 million lei (€88.1 million) and a net profit of 147.5 million lei (€29.9 million) in the first semester over improved revenue from the development and sale of residential properties.
Liviu Tudor, Chairman of Genesis Property talked to Property Forum about the new IMMUNE Building Standard and the hybrid future of work that will shape the development of the office industry in the years to come.
Oana Partenie, Head of Property Management Romania at Ceres Management Services spoke with Property Forum about the challenges of property management and the resilience of retail parks in the pandemic economy.
Romania's Impact Developer & Contractor says it will kick off the construction of another 326 apartments in Greenfield Băneasa, while its total development pipeline in Romania will reach 2,707 residential units in all projects by year-end.
Property developer Eden Capital Development says it will invest in two luxury residential compounds in northern Bucharest due to higher demand for high-end projects in the Romanian capital.
Property developer Speedwell has kicked off the construction of Building 2, part of the first phase of residential complex THE IVY located in Băneasa, northern Bucharest.
Gabriel Biriş, Founding Partner at Biriş Goran talked to Property Forum about the pandemic’s impact on the legal advisory business and what concerns investors share with him regarding Romania’s tax and legal framework.
Vitantis Shopping Center, the retail park owned by Revetas Capital, has closed new leasing deals for 3,900 sqm with three companies that will occupy spaces for the next 5-10 years.
Bucharest’s office stock topped 3 million sqm at the end of the first half, with more than 250,000 sqm of new spaces slated for delivery by the end of next year, according to a report by Colliers.
Iulius has attracted Kaufland as an anchor tenant in Family Market Tomești, based in Iași County. The retailer will open a 4,000 sqm hypermarket, while the whole project will have a leasable area of around 16,000 sqm.
DHL Express Romania has opened its new operational center at VGP Park Bucharest North in Ștefăneștii de Jos, marking the company's first carbon-neutral facility in the country, following a €5 million investment The 4,130 sqm facility includes 3,604 sqm of warehouse space and 526 sqm of offices, with a maximum sorting capacity of 2,800 items per hour.
Industrial developer CTP announced that Moemax, part of the XXXLutz Group, has signed a lease for a 5,300 sqm logistics unit at CTPark Bucharest South.
New appointments
Cushman & Wakefield has strengthened its Warsaw-based Capital Markets team, led by Paweł Partyka, with the appointments of Jakub Grabara and Natalia Wołyniec. The new hires will support the company in delivering transactional advisory services across the commercial property market.
At the beginning of September, Ewa Ciołek and Piotr Meleszko were promoted to Senior Leasing Manager. MLP Group, recognising the internal competencies and achievements of its team, emphasises the importance of further improving the efficiency of its leasing operations, which are key to the company's dynamic growth.
Avison Young's Investment Advisory team in Poland has welcomed a new member, Katarzyna Sielewicz, who takes the role of Senior Consultant. Katarzyna holds a master’s degree in Finance from the Stockholm University School of Business and completed an exchange semester at Cass Business School in London. She gained international real estate experience working with the global Research and Strategic Advisory team at Cushman & Wakefield (formerly DTZ) in London.
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Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
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