ARTICLES LABELLED WITH TAG Romania

News Bucharest Properties completes €20 million project
01
Mar
2021

Bucharest Properties completes €20 million project

by Property Forum
Bucharest Properties REIT, a company with American shareholders, announced the completion of the second stage of the Vitan Estates residential complex, an investment of €10 million. In total, the project amounts to a €20 million investment.
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News Colliers Romania launches new service for offices
01
Mar
2021

Colliers Romania launches new service for offices

by Property Forum
Colliers International Romania launches a new service, with Office 360°, a complete approach of the office, which will allow business managers to shape their future workplace strategy using an innovative online tool created by the company.
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News Optim Project Management opens new branch in Belgrade
01
Mar
2021

Optim Project Management opens new branch in Belgrade

by Property Forum
Romania-based project management company Optim PM has opened a branch in Belgrade to expand its services on the Southeast European real estate market.
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News Real estate players in Romania look for shorter contractual periods
25
Feb
2021

Real estate players in Romania look for shorter contractual periods

by Property Forum
Commercial real estate players in Romania will be inclined to conclude contracts for shorter periods than before the pandemic, as almost 80% of owners, developers and investors in this field consider contractual adjustments and flexibility to be the main attributes that will count for tenants and end-users when the health crisis ends, according to Deloitte Romania Commercial Real Estate Survey 2021.
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News Demand for co-working offices in Bucharest is increasing
25
Feb
2021

Demand for co-working offices in Bucharest is increasing

by Property Forum
The Commons co-working space chain announces an increase in requests for office rentals in the centres in Bucharest, both from freelancers and small and medium-sized companies.
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News RICS survey predicts sharp pull-back in retail and office rents
25
Feb
2021

RICS survey predicts sharp pull-back in retail and office rents

by Ákos Budai
The Q4 2020 results of the RICS Global Commercial Property Monitor continue to point to a challenging backdrop across Europe. Both the office and retail sectors remain under significant pressure, with demand still falling sharply amid the difficult economic climate induced by the pandemic. On a brighter note, supported by structural tailwinds, the industrial sector continues to defy this downbeat overall assessment, prompting respondents to upgrade expectations for rental and capital value growth.
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News Logistics demand in Romania up by 72% compared to 2019
23
Feb
2021

Logistics demand in Romania up by 72% compared to 2019

by Property Forum
The pandemic year turned out to be a bumper year for industrial and logistics, with total demand increasing by a staggering 72% over 2019, to nearly 784,000 sqm of leasing deals, Colliers International Romania data shows.
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News Hagag stays open to new market opportunities
23
Feb
2021

Hagag stays open to new market opportunities

by Property Forum
With an investment budget of €100 million for this year, Hagag Development Europe remains open to new opportunities. Yitzhak Hagag, Chairman and Board Controller at Hagag Group spoke to Property Forum about current projects and future plans for the Romanian market.
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News eMAG to open new industrial park near Bucharest this summer
22
Feb
2021

eMAG to open new industrial park near Bucharest this summer

by Property Forum
eMAG announces that in the summer of this year, an area of ​​100,000 sqm will be put into use from the industrial park from Joiţa, at km 19 of the A1 highway, which will have a total area of ​​130,000 sqm. All automation will be ready by September 2022, when the entire logistics center will be operational. The investment amounts to €90 million and was announced last year.
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News Impact announces record revenues for 2020
19
Feb
2021

Impact announces record revenues for 2020

by Property Forum
Bucharest-listed Impact Developer & Contractor closed the year 2020 with revenues from the sale of real estate properties worth €42.7 million, up 29,4% compared to 2019, representing the best result of the developer in the last decade. In a pandemic year, the company sold a total of 369 units (31,191 sqm built area), out of which 205 were contracted in Greenfield Residence Băneasa and 164 in Luxuria Residence compound.  
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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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