ARTICLES LABELLED WITH TAG Romania

News NEPI Rockcastle opens Shopping City Satu Mare
06
Dec
2018

NEPI Rockcastle opens Shopping City Satu Mare

by Property Forum
After an investment of €40 million, NEPI Rockcastle opened Shopping City Satu Mare, which hosts 85 stores, including the first Carrefour hypermarket in the city.
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News South Africans remain the largest investors in Romania
06
Dec
2018

South Africans remain the largest investors in Romania

by Property Forum
Deals of over €4 billion have been signed during the last five years on the Romanian real estate market, with the most active buyers being investors from South Africa, with a market share of 28%, followed by Greek investors (14%), French (10%) and Romanians (7%), according to an analysis by Cushman & Wakefield Echinox.
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News Polish brands take Romania’s retail market
03
Dec
2018

Polish brands take Romania’s retail market

by Property Forum
Polish sportswear retailer, 50 Style, opened in October its first store in Romania, in Bucharest’s Iris Shopping Center, Titan area, on a surface of 315 sqm. Its entry on the local market confirms the real estate consultancy company’s, Colliers International Romania's, view of the Polish brands’ goal to expand in the Eastern European region, especially in Romania, where consumption has steadily increased in recent years.
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News Garanti Bank finances Timisoara project with €5.8 million
28
Nov
2018

Garanti Bank finances Timisoara project with €5.8 million

by Property Forum
Romanian developer Wallberg has secured a €5.8 million loan from Garanti Bank to finance the development of the XCity Towers project in Timisoara. XCity Towers it will be built in several stages, with a total of 955 apartments in 8 buildings. The total value of the project will exceed €62 million, of which the first stage will amount to €36 million.
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News New ibis hotel in Bucharest to open in Q3 2020
28
Nov
2018

New ibis hotel in Bucharest to open in Q3 2020

by Property Forum
Orbis Hotel Group, a strategic partner of AccorHotels, continues its expansion in Romania by signing a management contract for ibis Politehnica Hotel in Bucharest with its partner and investor Novum Business Services SRL.
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News New retail park to open in Ploiesti in Q1 2019
28
Nov
2018

New retail park to open in Ploiesti in Q1 2019

by Property Forum
Victoria Ploiesti West Retail Park is planned to be opened in March 2019, according to Activ Property Services, the property’s exclusive agent. The project is a proximity retail park with 2,690 sqm of GLA, including some major tenants such as Mega Image (591 sqm), Pepco (543 sqm) and Zoomania (496 sqm).
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News Speedwell starts €42 million mixed-use project in Cluj-Napoca
26
Nov
2018

Speedwell starts €42 million mixed-use project in Cluj-Napoca

by Property Forum
Romanian developer Speedwell has launched the construction works of Record Park, a mixed-use development and urban regenerating project in Cluj-Napoca. The €42 million project is due to be completed in H2 2020. The project is being developed on a plot of 17,300 sqm and will have a total built area of 36,000 sqm.
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News Futureal sells €19 million stake in Bucharest shopping centre
26
Nov
2018

Futureal sells €19 million stake in Bucharest shopping centre

by Property Forum
Futureal Group has exited its €19 million mezzanine financing provided to Caelum Development for the development of ParkLake shopping centre in Bucharest, Romania. The 70,000 sqm GLA project was developed by a joint venture between Sonae Sierra and Caelum Development. Futureal Group will intensify its activity in Romania through its residential investments subsidiary, Cordia. The company has recently announced a €50 million worth of investment plan in Bucharest for the next year, part of a long-term roadmap for the local market. Cordia division plans to deliver about 500 apartments per year, designed for medium and medium high segments.
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News GTC to start new Bucharest office project in 2019
19
Nov
2018

GTC to start new Bucharest office project in 2019

by Property Forum
GTC plans to start the construction of a new office complex, City Rose Park on Bulevardul Expoziţiei in Bucharest next year. The €100 million project will comprise three new office buildings.
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News Skanska and Prime Kapital might jointly buy 11 ha Bucharest plot
12
Nov
2018

Skanska and Prime Kapital might jointly buy 11 ha Bucharest plot

by Property Forum
Skanska and local developer Prime Kapital might share the 11-hectare Griro platform in Bucharest, controlled by businessmen Nicolae Badea and Fatih Taher, in a €50 million transaction, according to market sources.
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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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