ARTICLES LABELLED WITH TAG Romania

News Mortgage loans in Romania at 8.6% of GDP
12
Apr
2021

Mortgage loans in Romania at 8.6% of GDP

by Property Forum
The market for mortgage loans was dynamic in 2020 and this trend is continuing in early 2021, while the segment of consumer loans is narrowing, says Sergiu Oprescu, President of the Association of Romanian Banks (ARB). 
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News Kinstellar sees a lot of liquidity on the market, expects new entries in SEE
12
Apr
2021

Kinstellar sees a lot of liquidity on the market, expects new entries in SEE

by Property Forum
Last year, international law firm Kinstellar played a vital part in closing two of the largest transactions on the office market in Romania: Floreasca Park, sold to Resolution Property (member of the Fosun Group) and Zeus Capital for more than €100 million and two Class A office buildings owned by Skanska sold to S Immo for €97 million. This was in addition to a series of deals in logistics and other asset classes. Property Forum talked to Victor Constantinescu, Managing Partner of the Bucharest office and Co-Head of the firm-wide Real Estate Practice, about how the first year of the pandemic was and what’s next.
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News Pavăl Holding to open new HQ in Bucharest
09
Apr
2021

Pavăl Holding to open new HQ in Bucharest

by Property Forum
Pavăl Holding, the group controlled by the founders of DIY chain Dedeman, will have a new HQ in Bucharest. The holding is revamping Vila Hlebnikian that will serve as its main office. Construction works on the 2,800 sqm building will be completed by 2023, according to Profit.ro.   
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News WDP Romania certifies 48 logistics buildings
09
Apr
2021

WDP Romania certifies 48 logistics buildings

by Property Forum
WDP Romania, the developer and owner of industrial and logistics spaces, has received the Excellence in Design for Greater Efficiency (EDGE) certification for its local stock of warehouses. EDGE was created by IFC, part of the World Bank. It helps property owners and developers build and operate green buildings in a fast and affordable way. The certifications apply to WDP warehouses ranging from 2,500 sqm to more than 60,000 sqm. 
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News Romanian housing prices up 2% in Q4 2020
09
Apr
2021

Romanian housing prices up 2% in Q4 2020

by Property Forum
House prices in Romania went up by 2% in the fourth quarter of 2020 compared to the same quarter of the previous year, while across the European Union (EU) the average growth rate was 5.7%, according to Eurostat.
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News Colosseum Mall owner plans resi project in Bucharest
09
Apr
2021

Colosseum Mall owner plans resi project in Bucharest

by Property Forum
Nova Imobiliare, the owner of Colosseum Mall in Bucharest, plans to add a residential component near the retail project. 
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News Qualis Properties bonds start trading on Bucharest Stock Exchange
09
Apr
2021

Qualis Properties bonds start trading on Bucharest Stock Exchange

by Property Forum
Brașov-based real estate developer Qualis Properties has listed its bonds on the Bucharest Stock Exchange (BVB). The company carried out a private placement through which it attracted almost €2.1 million, by selling 3-years maturity bonds with a fixed yearly interest of 9%. 
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News Accor adds Romanian hotel to Mercure chain
08
Apr
2021

Accor adds Romanian hotel to Mercure chain

by Property Forum
Hotel chain Accor has signed a management contract with the owner of Binderbubi Hotel & Spa in Mediaș. As part of the agreement signed with local company Daflog, the hotel will be the seventh in Romania to join the Mercure network. 
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News Kaufland Romania investments to reach €375 million in 2021
08
Apr
2021

Kaufland Romania investments to reach €375 million in 2021

by Property Forum
Hypermarket chain Kaufland, part of German Schwarz Group, has increased its investment target in Romania in 2021. In 2020, the company opened 20 new stores, purchased land, and carried out upgrade works as part of a €300 million investment effort. 
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News Nordis Group buys over 23,000 sqm of land in Mamaia
08
Apr
2021

Nordis Group buys over 23,000 sqm of land in Mamaia

by Property Forum
Romanian developer Nordis Group has announced the acquisition of several plots of lands with a combined surface of 23,000 sqm in the seaside resort of Mamaia. 
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Latest news


New leases

  • Croda Poland, a company that supplies specialty chemicals for the production of pharmaceuticals, cosmetics, household chemicals and crop protection products, will lease more than 510 sqm in the Unity Square One building. JLL was responsible for both tenant and landlord representation in the transaction process.
  • Angelini Pharma Polska, one of the leaders of the pharmaceutical market in Poland, has once again extended its lease agreement for warehouse and office space in MLP Pruszków I. The tenant has been using approximately 1,5000 sqm of space in this logistics centre for 21 years. This makes Angelini Pharma Polska one of the longest-cooperating tenants of MLP Group.
  • Kärcher, a supplier of professional cleaning equipment, has chosen the second phase of LogiCube Park for its new 1,000 sqm service and logistics center in Hungary. Additionally, MedRes, a company operating in the healthcare sector, has begun moving in and will soon commence production in the same project. The leasing was overseen by 108 Real Estate, the strategic partner of the park’s investor.

New appointments

  • Elżbieta Majdan is joining the Property & Asset Management team at Savills Poland as an Associate Director. Elżbieta brings 15 years of experience in managing and commercialising retail properties, gained while implementing key projects on the Polish market.
  • Savills Czech Republic announces new hires and promotions within its valuation team. Daniel Duchek has joined as a Senior Valuer, Alena Arnoldová has strengthened the team as a Junior Valuer, and Ivana Horáková has been promoted Valuer. Under the leadership of Marek Pohl, the team now consists of seven consultants specialising in the valuation of a wide range of assets – from commercial, residential, and hospitality properties to leisure, healthcare facilities, and land.
  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.

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