ARTICLES LABELLED WITH TAG Romania

News Afin Holding buys logistic park near Cluj-Napoca
28
Oct
2019

Afin Holding buys logistic park near Cluj-Napoca

by Property Forum
In one of the largest industrial & logistic land transactions to date in 2019, Afin Holding acquired Aries Logistic Park in Turda, located near Cluj-Napoca for an undisclosed amount. The project, only partially developed, includes almost 60 hectares of land available for further development. Colliers International was the real estate agent on this transaction whilst Moroianu & Associatii acted as legal advisor to the buyer side.
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News Middle Eastern investor acquires Bucharest office building
24
Oct
2019

Middle Eastern investor acquires Bucharest office building

by Property Forum
Corporate Finance House Group, a Middle Eastern investor, has acquired the holding structure owning Day Tower office building in Bucharest, developed by Dimitris Mourkakos of Day Group and completed at the end of 2018. The investor was advised by Savills on its first investment in the country, while the developer was assisted by Crosspoint Real Estate.
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News Total demand for Bucharest offices could reach record-high in 2019
24
Oct
2019

Total demand for Bucharest offices could reach record-high in 2019

by Property Forum
In Q3 2019, 66,000 sqm of new modern office buildings were handed over in Bucharest and there are big chances to break the 300,000 sqm threshold by the end of the year, according to Colliers International. The higher vacancy and infrastructure discrepancies will likely support a more thorough segmentation of the market, with the gap between well-located buildings and those at the opposite spectrum likely to increase over the medium term.
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News Cluj-Napoca continues to attract office tenants
21
Oct
2019

Cluj-Napoca continues to attract office tenants

by Property Forum
CBRE studied the status of the city lying on the shore of Someș from the Romanian office market point of view, concluding in reconfirming the leader position of Cluj-Napoca among the regional cities.
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News Forte Partners launches new office project in Bucharest
17
Oct
2019

Forte Partners launches new office project in Bucharest

by Property Forum
Work is well underway on site at Forte Partners’ U Centre, a new, eight-floor office development in the Bucharest. The investment is valued at €200 million.
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News Over €585 million invested in Romanian real estate so far this year
14
Oct
2019

Over €585 million invested in Romanian real estate so far this year

by Property Forum
The volume of real estate investments in Romania exceeded €585 million in the first nine months, shows the latest research report of CBRE. The office market attracted more than half of the investments, Bucharest and Cluj-Napoca being the most dynamic cities, with almost 90 percent of the investment volume.
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News LPP opens e-commerce warehouse in Romania
14
Oct
2019

LPP opens e-commerce warehouse in Romania

by Property Forum
The first boxes with orders from a Polish clothing manufacturer have already set off from the warehouse just outside Bucharest. Thanks to the launch of the fulfilment centre with an area of 22,000 sqm LPP is now able to do deliveries to customers from South-Eastern Europe even the next day after the transaction. The warehouse will handle online orders for all five brands of LPP: Reserved, Cropp, House, Mohito, and Sinsay.
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News C&W Echinox announces new Head of Project Management
10
Oct
2019

C&W Echinox announces new Head of Project Management

by Property Forum
Cushman & Wakefield Echinox consolidates the Project Management department by recruiting Andrei Ianculescu as Head of Project Management.
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News NEPI Rockcastle to open two shopping centres in Romania
10
Oct
2019

NEPI Rockcastle to open two shopping centres in Romania

by Property Forum
NEPI Rockcastle announced that it will inaugurate Promenada Sibiu on November 14 following an investment of €100 million. The developer will also open a shopping centre in Târgu Mureș in March following an investment of €70 million.
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News Raiffeisen Bank refinances VGP Park Timisoara
10
Oct
2019

Raiffeisen Bank refinances VGP Park Timisoara

by Property Forum
Dentons advised Raiffeisen Bank International AG and Raiffeisen Bank SA in connection with a €34 million facility agreement granted to VGP Park Timisoara SRL to refinance an industrial project, including four prime logistic buildings in Timis, Romania.
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Latest news


New leases

  • A 200-square-metre Office Shoes store offering branded women's, men's, and children's footwear has opened in the Forum Gdańsk shopping centre. This is the chain's first shop in Gdańsk.
  • IWG has leased 906 sqm for a new Regus space in VOX Technology Park in Timișoara.
  • Auchan will open a new 7,000 sqm hypermarket at the end of next year in Sun Plaza, the shopping mall owned by CPI Romania. This move is part of a broader strategy to reposition Sun Plaza, which will undergo a phased modernization process starting in June. The space was previously leased by Carrefour.

New appointments

  • CBRE Romania has announced the promotion of Ramona Hîrnea to the role of Head of Investor Retail Leasing for its national operations. With over 22 years of experience in commercial space leasing, Ramona brings a comprehensive perspective on the retail market, gained both from her position as a consultant for property owners and as a representative of tenants.
  • Marcin Janik has taken up the position of head of the southern Poland region at CBRE. He will be responsible for Silesia, Małopolska and the previously serviced Wrocław.
  • GTC Group has appointed Miklos Egri as Chief Operating Officer. The new manager will be responsible for the company's day-to-day operational and administrative management in the Central and Eastern European markets.

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