ARTICLES LABELLED WITH TAG Romania

News Have CEE markets already peaked?
19
Sep
2018

Have CEE markets already peaked?

by Ákos Budai
Real estate professionals surveyed by the RICS in Q2 2018 now believe that the Czech investment market has reached the peak of the current cycle while the Hungarian and Polish markets are also close to peaking. Nevertheless, market sentiment is still positive on both the occupier and investment market in all CEE countries monitored by the RICS Commercial Property Monitor, including Croatia and Romania.
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News Globalworth continues heavy expansion
19
Sep
2018

Globalworth continues heavy expansion

by Property Forum
Globalworth released its interim report and unaudited consolidated financial results for H1 2018. The company continued to expand heavily in its core markets, Poland and Romania.
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News Immofinanz cancels plans for Braşov retail park
18
Sep
2018

Immofinanz cancels plans for Braşov retail park

by Property Forum
Immofinanz has renounced its plans for the construction of a Stop Shop retail park in Braşov citing the lengthy process of obtaining a construction permit. The developer is considering selling the land.
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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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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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