ARTICLES LABELLED WITH TAG Romania

News C&W Echinox: Romania has five counties without modern retail centers
01
Apr
2021

C&W Echinox: Romania has five counties without modern retail centers

by Property Forum
Romania has development potential for retail projects in smaller cities, and five counties with a combined population of 1.8 million inhabitants are not covered by any modern retail schemes, according to a report by real estate consultancy Cushman & Wakefield Echinox. 
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News GTC names Ziv Gigi as Managing Director in Romania
01
Apr
2021

GTC names Ziv Gigi as Managing Director in Romania

by Property Forum
Real estate investor and developer GTC has appointed Ziv Gigi as Managing Director of operations in Romania. He has more than 15 years of experience in Central and Eastern Europe-based real estate markets, developing and operating dozens of projects in the office and retail segments.  
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News Prima Development invests €65 million in Oradea resi scheme
31
Mar
2021

Prima Development invests €65 million in Oradea resi scheme

by Property Forum
Prima Development Group started in January the works of the Arena Residence residential project in Oradea. The project with 1,226 apartments will be completed in 2024 and the total investment amounts to €65 million.
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News Homing Properties invests €10 million in Bucharest resi scheme
31
Mar
2021

Homing Properties invests €10 million in Bucharest resi scheme

by Property Forum
Homing Properties is investing €10 million in a new residential project in Bucharest, the company announced. Homing Properties will begin this year with the construction work of a residential project in the city centre, in the area of ​​the Grădinea Icoanei, which will have 45 apartments.
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News Globalworth offers space for vaccination centre in Bucharest
30
Mar
2021

Globalworth offers space for vaccination centre in Bucharest

by Property Forum
The Globalworth Foundation provided an office space from the Globalworth group to the authorities in Bucharest for a vaccination centre. Led by the public authorities of Bucharest, the activity of the centre will consist of vaccinating as many people as possible in the third phase of the national vaccination campaign.
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News CTP to develop 300,000 sqm in Romania in 2021
30
Mar
2021

CTP to develop 300,000 sqm in Romania in 2021

by Property Forum
In Romania, CTP aims to complete the construction of its new buildings with a total area of 300,000 sqm by the end of 2021 and the investments dedicated to these projects will reach €200 million.
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News Hotel market in Bucharest starts to recover
26
Mar
2021

Hotel market in Bucharest starts to recover

by Property Forum
Considering the market history before the pandemic period, Colliers consultants are optimistic about the capacity of the market to recover and that the investors’ interest in this market will again come back in time, though the next few years will certainly prove difficult ones.
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News Globalworth keeps 2020 rent collection rate at 99%
26
Mar
2021

Globalworth keeps 2020 rent collection rate at 99%

by Property Forum
Globalworth has released its Annual Report and Audited Consolidated Financial Results for the year ended 31 December 2020. The company’s approach to the COVID-19 business recovery process has resulted in balanced growth, with a net operating income increased by 6.5% to €157.3 million and a total combined portfolio value that remained effectively unchanged at €3.0 billion.
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News Bucharest and Timiș lead the way on Romania's logistics market
25
Mar
2021

Bucharest and Timiș lead the way on Romania's logistics market

by Property Forum
The modern stock of industrial space in Romania will reach approximately 5,5 million sqm this year, according to CBRE Romania.  At the national level, approximately 400,000 sqm of industrial spaces are currently under construction, an area of ​​over 60% being already pre-leased
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News Zeus International buys three hotels in Bucharest
25
Mar
2021

Zeus International buys three hotels in Bucharest

by Property Forum
Zeus International Group has bought three hotels in Bucharest in a cross-border share deal from Alpha Real Estate Services (ARES), a member of Alpha Bank Group.
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Latest news


New leases

  • Cărturești is set to become an anchor brand in the RIVUS project developed by Iulius, in Cluj-Napoca, where it will house the country's largest bookstore. The company will lease 2,500 sqm of space, spread across two levels.
  • M1 Poznań, managed by EPP, one of the largest family shopping centres in Wielkopolska, has just gained a new, unique tenant, CentrumRowerowe.pl, which is making its debut in Wielkopolska. In the summer, HalfPrice will also join the list of tenants of the centre, offering global brands, including fashion, home furnishings and sports goods at attractive prices. Customers can also already use the assortment of the recently opened Reporter clothing store and the Rainbow travel agency. All new contracts cover over 5,000 sqm of retail space.
  • Three companies from the PZU Group, one of the largest financial institutions in Poland and Central & Eastern Europe, have decided to lease space at Konstruktorska Business Center in Warsaw for another 10 years. The companies have renewed their lease for a total of over 6,500 sqm of modern office space in the building owned by Golden Star Group.

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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