ARTICLES LABELLED WITH TAG Romania

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.

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.

Romania-based project management company Optim PM has opened a branch in Belgrade to expand its services on the Southeast European real estate market.

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.

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.

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.

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.

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.

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.

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.