ARTICLES LABELLED WITH TAG romania
10
Aug
2021
Aug
2021
Accor takes on management of new hotel in Bucharest
The new ibis Bucharest Politehnica will be managed by Accor in Romania. The project was developed by local real estate company Novum Business Services.
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10
Aug
2021
Aug
2021
Ceetrus opens €16 million hotel in Brașov
Real estate developer Ceetrus has opened Hotel Qosmo within its mixed-use projects Cartier Coresi in Brașov.
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10
Aug
2021
Aug
2021
CA Immo gets COVID-19 compliant certification for Romanian portfolio
CA Immo says it has obtained the COVID-19 Compliant certification for its entire Romanian portfolio that comprises seven office buildings with a total leasable area of over 165,000 sqm.
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09
Aug
2021
Aug
2021
Romania’s industrial stock edges closer to 6 million sqm
The total stock of industrial and logistics spaces gained close to 200,000 sqm in the first half of this year to more than 5.4 million sqm and the sector will continue to expand by the end of 2021, according to data from real estate consultancy Avison Young.
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09
Aug
2021
Aug
2021
Speedwell completes Record Park Offices in Cluj-Napoca
Real estate developer Speedwell says it has refinanced a loan granted by BRD Société Générale after the completion of Cluj-based Record Park Offices.
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06
Aug
2021
Aug
2021
Romanian retail parks pass the pandemic test
The pandemic had a limited impact on the turnover of retail parks compared to shopping malls in Romania, according to real estate consultancy Cushman & Wakefield Echinox.
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06
Aug
2021
Aug
2021
We’re heading towards a fast-paced recovery
Oxford Economics, one of the sources of CBRE Research, predicts a GDP growth of 6.9% for Romania, most likely the highest in the CEE region. With this in mind, it is clear that we are heading towards a fast-paced recovery. Luiza Moraru, Head of Property Management CEE at CBRE shared some facts and figures on investment market trends and talked about the growing activity of local investors on the Romanian market.
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03
Aug
2021
Aug
2021
Property investments in Romania at €303.6 million in H1
Investments in Romania’s commercial real estate sector amounted to €303.6 million in the first half of the year, which was a drop of 21% compared to the same period of 2020, according to CBRE Research data.
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03
Aug
2021
Aug
2021
Cordia has major plans for Bucharest
Mauricio Mesa Gomez, Country Manager of Cordia Romania and Spain and member of Cordia’s Board of Directors discussed the company’s development plans and the prospects of Romania’s residential market with Property Forum.
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30
Jul
2021
Jul
2021
Bucharest office stock to add 200,000 sqm in H2
The new office supply in Bucharest is set to exceed 200,000 sqm in the second half of this year, with almost two thirds of the offices scheduled for delivery by year’s end already pre-leased.
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New leases
- Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
- Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.
- IAG GBS Poland, the shared services arm of the International Airlines Group (IAG), has finalised a lease renewal for 2,246 sqm of office space within the O3 Business Campus in Krakow. The decision to remain in the current location followed a comprehensive market analysis and workplace audit conducted by Savills.
New appointments
- Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
- Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
- Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
