ARTICLES LABELLED WITH TAG Romania

News One United Properties appoints new CEO for Office Division
30
Sep
2019

One United Properties appoints new CEO for Office Division

by Property Forum
Mihai Păduroiu has been appointed as the CEO of the Office Division at One United Properties, starting November 1st, 2019.
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News White Star Real Estate buys office complex in Cluj-Napoca
30
Sep
2019

White Star Real Estate buys office complex in Cluj-Napoca

by Property Forum
White Star Real Estate and its partner, an investment fund of a major US university have completed the acquisition of Liberty Technology Park Cluj from Fribourg Development, the real estate division of Fribourg Capital. Liberty Technology Park comprises 18,000 sqm of former industrial buildings. The five Class A office buildings are BREEAM certified. Located north of the city, the park has a number of IT&C and R&D tenants, such as Siemens, IBM, Majorel and Altran.
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News CBRE Romania announces new promotion
30
Sep
2019

CBRE Romania announces new promotion

by Property Forum
CBRE promotes Tudor Ionescu as Head of Advisory & Transaction Services for the office sector of CBRE Romania. The nomination of Tudor, a professional architect, specialised in workplace consultancy, represents a change of strategy of CBRE, which becomes the first real estate company focusing on the experience of users in office spaces.
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News Growing demand for Bucharest hotels
26
Sep
2019

Growing demand for Bucharest hotels

by Property Forum
Having benefitted from predominantly business-driven demand in the past, Bucharest is currently establishing itself as a popular tourist destination. The analysis of Christie & Co shows a positive growth trend both in supply and demand, resulting in a continuously improving performance of Bucharest’s hotel market.
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News Element Industrial announces 300,000 sqm pipeline in Romania
26
Sep
2019

Element Industrial announces 300,000 sqm pipeline in Romania

by Property Forum
Element Industrial announced the completion of the first phase at ELI PARK 1 Chitila. The warehouse, with an area of 20,000 sqm is rented to Turkish-based appliances producer, Arctic. The company has already begun its operations in the new logistics space.
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News Hungary’s Indotek Group buys shopping centre in Romania
26
Sep
2019

Hungary’s Indotek Group buys shopping centre in Romania

by Property Forum
French AEW Europe and Hungarian Indotek Group have concluded an agreement regarding the acquisition of the Promenada shopping centre in Târgu Mureș, Romania. The 50,000 sqm building’s tenants include Auchan, Leroy Merlin, Decathlon, H&M, Cinema City, LC Waikiki, New Yorker, Hervis and Media Galaxy. Indotek Group plans to renovate and modernize the whole building and plans further acquisitions to strengthen its presence on the Romanian commercial real estate market.
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News Cordia plans further expansion in CEE
19
Sep
2019

Cordia plans further expansion in CEE

by Property Forum
Cordia is now increasing its capital exports and foreign investments. In addition to the Romanian and Polish market, the company also has presence in Spain with a pilot project. All of this fits into Cordia’s strategy to become a dominant property developer at European level, while maintaining Hungary's key role in the company’s operation.
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News One United Properties prepares new retail area in Bucharest
17
Sep
2019

One United Properties prepares new retail area in Bucharest

by Property Forum
The One Cotroceni Park project, developed by One United Properties in Bucharest on a 5.8 hectares land plot, will give a new dimension to the Work - Live - Shop concept on the local market, offering a 15,000 square meters retail area, comparable to that of a medium-sized shopping centre, to the future employees and residents who will live within the project.
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News P3 signs new leases in Bucharest
16
Sep
2019

P3 signs new leases in Bucharest

by Property Forum
P3 has signed new leasing contracts with two companies in Romania, Coca-Cola HBC Romania and Mobexpert. The total space leased by the two companies in P3 Bucharest A1 park is of 5,000 sqm.
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News Stable but not bullish – Austrian property market on a different path than CEE
11
Sep
2019

Stable but not bullish – Austrian property market on a different path than CEE

by Ákos Budai
According to the latest RICS Commercial Property Monitor, CEE countries – most notably the Czech Republic, Hungary and Romania – are still global leaders in occupier and investment sentiment. The Central European region’s most mature market, Austria is on a different path, however, with respondents reporting a broadly flat outlook.
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Latest news


New leases

  • Cărturești is set to become an anchor brand in the RIVUS project developed by Iulius, in Cluj-Napoca, where it will house the country's largest bookstore. The company will lease 2,500 sqm of space, spread across two levels.
  • M1 Poznań, managed by EPP, one of the largest family shopping centres in Wielkopolska, has just gained a new, unique tenant, CentrumRowerowe.pl, which is making its debut in Wielkopolska. In the summer, HalfPrice will also join the list of tenants of the centre, offering global brands, including fashion, home furnishings and sports goods at attractive prices. Customers can also already use the assortment of the recently opened Reporter clothing store and the Rainbow travel agency. All new contracts cover over 5,000 sqm of retail space.
  • Three companies from the PZU Group, one of the largest financial institutions in Poland and Central & Eastern Europe, have decided to lease space at Konstruktorska Business Center in Warsaw for another 10 years. The companies have renewed their lease for a total of over 6,500 sqm of modern office space in the building owned by Golden Star Group.

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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