Commercial real estate investments in Romania amounted to €570 million in the first nine months, down 29% compared to the same period of 2020, according to JLL Romania. The Bucharest market attracted 70% of the total investment volume, mainly in the office segment.
Romanian developer Genesis Property says that its IMMUNE Building Standard is also covering the residential sector, on top of the office and industrial segments.
Real estate consultancy Colliers says it has finished the transformation of its Bucharest-based HQ and is implementing the WELL Health-Safety standard in a bid to keep its employees safe and prepare for the post-pandemic future of work.
Property developer Campeador says it has secured a loan worth €4.5 million from CEC Bank to continue the construction of its residential project in Timișoara.
Meta Estate Trust, the Romanian property investment holding, has appointed Raluca Drăgan as Chief Financial Officer (CFO). She has more than 17 years’ worth of experience in the financial sector, and she has previously held the CFO position at One United Properties.
Real estate consultancy Cushman & Wakefield Echinox has been appointed manager of Funshop Park projects developed by Polish company Scallier in Roșiorii de Vede and Focșani.
Felix Stroe is the new Operational Country Manager of VGP Romania starting October 1st. He is an experienced civil engineer with extensive experience in construction management.
Adrian and Dragoș Pavăl, the founders of DIY chain Dedeman, have acquired the land and warehouses owned by DB Schenker in northern Bucharest, in a deal worth over €15 million.
From March 2022, Skyliner will become the new headquarters of the Polish branch of Colonnade. The insurer will occupy the area of 1,500 sq m. The company operates in the field of “non-life” insurance products for corporate and individual clients.
108 Agency Hungary has mediated a lease of 5,000 sqm for Citronex at WLP Budapest East Business Park. Citronex is a Polish family company that has been on the market since 1988, setting the highest standards in many diverse industries.
108 Agency Slovakia has secured a lease of 3,392 sqm for a confidential client in the Plus Centrum office building located in Bratislava.
New appointments
Diófa Fund Management has appointed Gábor Pozsgai as the company's new advisor to the Board of Directors. He will be responsible for the development and efficient operation of the sales strategy framework.
Colliers Poland is developing its Workplace Innovation department – Karolina Dudek, PhD has just joined the team as Associate Director. She will use her skills in organisational diagnosis, knowledge of research methodology and design management expertise to support the shaping of sustainable work environments.
Cromwell Property Group has appointed Piotr Goździewicz as senior investment manager for Central and Eastern Europe. He will be responsible for executing a variety of investment strategies of Cromwell and its capital partners in the region with a focus on Poland, Czech Republic and Slovakia.
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