ARTICLES LABELLED WITH TAG Romania

News Bucharest’s office stock to expand by over 500,000 sqm
02
Oct
2019

Bucharest’s office stock to expand by over 500,000 sqm

by Property Forum
Bucharest’s modern office stock will increase by over 500,000 sqm in 2019 and 2020. According to Colliers International Romania, these dynamics of the office market could generate variations in the office buildings’ market values of plus or minus 5% during the indicated period. To measure these possible changes, three factors were considered: the average vacancy rate, the level of the incentives packages that owners offer to tenants and yield compression.
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News One United moves ahead with 150,000 sqm office pipeline
02
Oct
2019

One United moves ahead with 150,000 sqm office pipeline

by Property Forum
One United Properties, a company with Romanian capital, has ongoing office projects of 150,000 sqm for the following three years, totalling investments of €220 million.
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News Globalworth plans new acquisitions
02
Oct
2019

Globalworth plans new acquisitions

by Property Forum
Globalworth announced its intention to raise additional equity capital via a placing of up to approximately 28.5 million new shares to existing and new investors to take advantage of a strong pipeline of acquisition opportunities identified by the company.
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News One United Properties appoints new CEO for Office Division
30
Sep
2019

One United Properties appoints new CEO for Office Division

by Property Forum
Mihai Păduroiu has been appointed as the CEO of the Office Division at One United Properties, starting November 1st, 2019.
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News White Star Real Estate buys office complex in Cluj-Napoca
30
Sep
2019

White Star Real Estate buys office complex in Cluj-Napoca

by Property Forum
White Star Real Estate and its partner, an investment fund of a major US university have completed the acquisition of Liberty Technology Park Cluj from Fribourg Development, the real estate division of Fribourg Capital. Liberty Technology Park comprises 18,000 sqm of former industrial buildings. The five Class A office buildings are BREEAM certified. Located north of the city, the park has a number of IT&C and R&D tenants, such as Siemens, IBM, Majorel and Altran.
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News CBRE Romania announces new promotion
30
Sep
2019

CBRE Romania announces new promotion

by Property Forum
CBRE promotes Tudor Ionescu as Head of Advisory & Transaction Services for the office sector of CBRE Romania. The nomination of Tudor, a professional architect, specialised in workplace consultancy, represents a change of strategy of CBRE, which becomes the first real estate company focusing on the experience of users in office spaces.
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News Growing demand for Bucharest hotels
26
Sep
2019

Growing demand for Bucharest hotels

by Property Forum
Having benefitted from predominantly business-driven demand in the past, Bucharest is currently establishing itself as a popular tourist destination. The analysis of Christie & Co shows a positive growth trend both in supply and demand, resulting in a continuously improving performance of Bucharest’s hotel market.
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News Element Industrial announces 300,000 sqm pipeline in Romania
26
Sep
2019

Element Industrial announces 300,000 sqm pipeline in Romania

by Property Forum
Element Industrial announced the completion of the first phase at ELI PARK 1 Chitila. The warehouse, with an area of 20,000 sqm is rented to Turkish-based appliances producer, Arctic. The company has already begun its operations in the new logistics space.
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News Hungary’s Indotek Group buys shopping centre in Romania
26
Sep
2019

Hungary’s Indotek Group buys shopping centre in Romania

by Property Forum
French AEW Europe and Hungarian Indotek Group have concluded an agreement regarding the acquisition of the Promenada shopping centre in Târgu Mureș, Romania. The 50,000 sqm building’s tenants include Auchan, Leroy Merlin, Decathlon, H&M, Cinema City, LC Waikiki, New Yorker, Hervis and Media Galaxy. Indotek Group plans to renovate and modernize the whole building and plans further acquisitions to strengthen its presence on the Romanian commercial real estate market.
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News Cordia plans further expansion in CEE
19
Sep
2019

Cordia plans further expansion in CEE

by Property Forum
Cordia is now increasing its capital exports and foreign investments. In addition to the Romanian and Polish market, the company also has presence in Spain with a pilot project. All of this fits into Cordia’s strategy to become a dominant property developer at European level, while maintaining Hungary's key role in the company’s operation.
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Latest news


New leases

  • A Bricomarché shop has opened in the Karuzela shopping complex in Biała Podlaska (Poland). This is the chain's first outlet in the city. The store occupies an area of over 3,000 sqm, the outdoor garden a total of 1,500 sqm, and a special building shed another 600 sqm.
  • A shop of the international brand Jysk has opened in Galeria Północna in Warsaw. The store will occupy an area of 1,500 sqm. This is the chain's three hundredth outlet in Poland.
  • A Change Lingerie women's lingerie store has opened in Gemini Park Tarnów (Poland). The premises occupied by the brand is 100 sqm in size.

New appointments

  • At the beginning of April 2024, Barbara Tomaszewska took over as Director of the first Aiden by Best Western in Łódź, Poland. She was previously Deputy Director at Golden Tulip Gdańsk Residence.
  • Oriol Casellas Deig has been appointed CFO of Redport Capital. He also joined the Board of Directors of the Romanian development company. Deig has over 20 years’ worth of experience in real estate.
  • InPost has appointed Javier van Engelen as Group CFO. He is an experienced manager, an expert in finance, who has held CFO positions in a number of international companies.

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