ARTICLES LABELLED WITH TAG Romania

News Local retailer acquires Timișoara office building for €6.2 million
17
Sep
2018

Local retailer acquires Timișoara office building for €6.2 million

by Property Forum
CIT Group, a Romanian retailer specialised in IT equipment, has acquired the Nokia building in Timișoara for €6.2 million which marks the company’s entry into the real estate business. The property will be managed by CIT’s Imobiliare division.
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News The next 10 years look promising for Romania
14
Sep
2018

The next 10 years look promising for Romania

by Property Forum
About 10 years ago, Lehman Brothers’ bankruptcy would mark the peak of the global financial crisis and would be followed by a deep recession in several parts of the world, including Romania. However, Romania has come a long way in the last decade, with the economy seeing some radical transformations, as well as in real estate; the real estate consultancy company Colliers International Romania sees the next 10 years offering an attractive risk/reward profile.
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News Romania’s regional office stock to exceed 1 million sqm in 2019
13
Sep
2018

Romania’s regional office stock to exceed 1 million sqm in 2019

by Property Forum
The office stock in the major regional cities of Romania - Cluj-Napoca, Timisoara, Iasi and Brasov – has doubled over the past five years and will continue to grow at an accelerated pace, being expected to exceed the 1 million sqm threshold in 2019, according to the Cushman & Wakefield Echinox Office Market Regional Cities study.
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News Oradea Shopping City sells for €8 million
10
Sep
2018

Oradea Shopping City sells for €8 million

by Property Forum
Oradea Shopping City, the Romanian city’s second largest shopping centre which is currently going through a second bankruptcy, has been purchased by the shareholders of Lotus Center Mall, the city’s largest shopping centre, for €8 million.
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News Has the Romanian market already cooled down?
06
Sep
2018

Has the Romanian market already cooled down?

by Ákos Budai
2017 was an exceptional year for Romania, but the market looks a bit stagnant right now. Răzvan Gheorghiu-Testa FRICS, Partner and Head of the Real Estate Practice Group at Ţuca Zbârcea & Asociaţii talked to Property Forum about market dynamics, legal challenges and the impacts of technology.
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News C&W Echinox launches training academy for tenants
06
Sep
2018

C&W Echinox launches training academy for tenants

by Property Forum
The Property Management Department of Cushman & Wakefield Echinox has expanded its service line by creating the first Training Academy in Romania, called Drawing Business Value Academy, dedicated to tenants in commercial buildings and office buildings occupiers, in partnership with DBV Management & Training, a training and consulting company. The aim of the Academy is to increase the tenants' performance in shopping centres by improving the quality of service and customer relationship and the experience of office buildings occupiers through the development of a community
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News Bucharest workers move into modern offices
02
Sep
2018

Bucharest workers move into modern offices

by Property Forum
The number of employees in Class A and B office buildings in Bucharest has reached about 253,000 at the end of the first semester of 2018, a slight increase compared to the end of 2017. In H1 2018, the number of employees working in companies with headquarters in modern office buildings in the capital increased by 3,000, according to estimates of Cushman & Wakefield Echinox. Considering the office projects whose delivery is announced for the second half of the year, the number of employees in modern office buildings in Bucharest could rise to 270,000 by the end of 2018.
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News Orbis Group signs three new hotels in Romania
30
Aug
2018

Orbis Group signs three new hotels in Romania

by Property Forum
In line with its development strategy for AccorHotels branded hotels in Eastern Europe, in particular on the very promising Romanian market, Orbis signed 3 new agreements in recent weeks for a total of 370 hotel rooms.
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News Global Vision plans €200 million industrial project in Constanta
30
Aug
2018

Global Vision plans €200 million industrial project in Constanta

by Property Forum
Local real estate developer Global Vision, controlled by Romanian investor Sorin Preda, has started a €200 million industrial development project on a 100 ha land it acquired last year near Constanta’s port.
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News One United buys Bucharest land from Telekom Romania
23
Aug
2018

One United buys Bucharest land from Telekom Romania

by Property Forum
Telekom Romania announced the sale of two plots of land located in the Floreasca area of Bucharest to One United Properties. The transaction price exceeded €18 million.
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Latest news


New leases

  • Designer Outlet Sosnowiec (southern Poland) invites customers to the newly opened Mountain Warehouse brand store. The shop has an area of approximately 400 sqm.
  • Motorola Solutions has renewed its lease at the Green Office complex in Kraków. The company, which has occupied the premises since 2011, will continue leasing 17,761 sqm of office space. The renewal will commence in August 2027 and will be valid for five years at market rent.
  • Prologis has extended its seven-year partnership with AMD Europe. The company will continue to lease more than 5,500 sqm of warehouse space at Prologis Park Poznań.

New appointments

  • 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.
  • Paulina Petynka has joined the team of Yareal Polska, taking on the position of Leasing Director. She has more than 20 years of professional experience.

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