ARTICLES LABELLED WITH TAG Romania

News CBRE manages NEPI Rockcastle’s Bucharest office buildings
17
Apr
2019

CBRE manages NEPI Rockcastle’s Bucharest office buildings

by Property Forum
CBRE has taken over the management of the NEPI Rockcastle office portfolio in Bucharest, totalling 70,580 square meters. This is the first time when NEPI Rockcastle outsources the management of the properties. CBRE Romania now manages 770,000 sqm of offices and retail assets.
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News Romania’s retail stock to grow by 140,000 sqm in 2019
11
Apr
2019

Romania’s retail stock to grow by 140,000 sqm in 2019

by Property Forum
The modern retail stock in Bucharest remained stable in 2018, at 1.2 million square meters, a level which is 7% higher than in the Central-West region of the country which reached 1.18 million square meters, and twice the corresponding value of the Moldova region which reached 595,000 square meters, according to Cushman & Wakefield Echinox.
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News Strong start to the year on Romania’s office market
11
Apr
2019

Strong start to the year on Romania’s office market

by Property Forum
The Romanian office market started promising in 2019, given that in the first quarter, approximately 124,500 square meters were leased nationwide, almost 41% more than in the first quarter of last year.
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News C&W Echinox’s valuation volume up 25%
11
Apr
2019

C&W Echinox’s valuation volume up 25%

by Property Forum
The valuation department of Cushman & Wakefield Echinox has evaluated over 700 properties with a cumulative value of €4 billion in 2018, while estimating an increase of 25% of the valuation volume, potentially reaching the €5 billion threshold during the year.
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News AFI Europe Romania starts second phase of Bucharest project
04
Apr
2019

AFI Europe Romania starts second phase of Bucharest project

by Property Forum
AFI Europe Romania will soon start works on the second phase of the €37 million AFI Tech Park Business Campus project in Bucharest.
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News C&W Echinox to manage Bucharest office building
04
Apr
2019

C&W Echinox to manage Bucharest office building

by Property Forum
Cushman & Wakefield Echinox has been appointed to manage the Ethos office building, situated in the Floreasca area of Bucharest. This is the second mandate for the management of an office building by C&W Echinox in 2019.
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News Globalworth’s portfolio reaches 1 million sqm
28
Mar
2019

Globalworth’s portfolio reaches 1 million sqm

by Property Forum
In 2018 Globalworth registered an increase of 36% in portfolio value compared to 2017, reaching €2.5 billion, split 51% in Romania and 49% in Poland. Also, during last year, the gross leasable area of the company’s combined portfolio grew with over 250,000 sqm to 1 million sqm. Following the dynamic expansion in Poland and the new developments in Romania, Globalworth’s net operating income (NOI) noted an impressive increase by over 160% and exceeded €133 million.
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News BNPPRE named PM of Cluj office building
28
Mar
2019

BNPPRE named PM of Cluj office building

by Property Forum
BNP Paribas Real Estate Romania has signed Property Management and Exclusive Leasing mandates for Hexagon Offices, a Class A office building located in one of the emerging office locations in the city of Cluj Napoca, owned by KÉSZ International Romania. The office building is expected to be completed in June 2019.
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News Cross-border buyers drive hotel investment across European cities
28
Mar
2019

Cross-border buyers drive hotel investment across European cities

by Property Forum
According to the latest European hotels trend report by Savills, emerging European tourist cities such as Dublin, Lisbon and Madrid and alternative operating structures such as non-leased operating structures offer higher yielding opportunities for those investors willing to take on more risk.
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News Does SEE offer better opportunities than core CEE markets?
21
Mar
2019

Does SEE offer better opportunities than core CEE markets?

by Property Forum
The most prominent investors of the SEE region shared their projections for the upcoming year at the international investment panel at SEE Property Forum 2019, moderated by Tim Wilkinson, Partner at Cushman & Wakefield Echinox.
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Latest news


New leases

  • Croda Poland, a company that supplies specialty chemicals for the production of pharmaceuticals, cosmetics, household chemicals and crop protection products, will lease more than 510 sqm in the Unity Square One building. JLL was responsible for both tenant and landlord representation in the transaction process.
  • Angelini Pharma Polska, one of the leaders of the pharmaceutical market in Poland, has once again extended its lease agreement for warehouse and office space in MLP Pruszków I. The tenant has been using approximately 1,5000 sqm of space in this logistics centre for 21 years. This makes Angelini Pharma Polska one of the longest-cooperating tenants of MLP Group.
  • Kärcher, a supplier of professional cleaning equipment, has chosen the second phase of LogiCube Park for its new 1,000 sqm service and logistics center in Hungary. Additionally, MedRes, a company operating in the healthcare sector, has begun moving in and will soon commence production in the same project. The leasing was overseen by 108 Real Estate, the strategic partner of the park’s investor.

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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