ARTICLES LABELLED WITH TAG Romania

News Genpact renews 29,000 sqm office lease in Bucharest project
02
Feb
2024

Genpact renews 29,000 sqm office lease in Bucharest project

by Property Forum
Genpact Romania, a provider of professional services firm, has extended its lease in Bucharest-based Hermes Business Campus, owned by Adventum Group, until 2032.
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News AmCorp to invest €41 million in homes near Bucharest
01
Feb
2024

AmCorp to invest €41 million in homes near Bucharest

by Property Forum
AmCorp will invest around €41 million in two residential projects located in Crevedia and Domnești, near Bucharest, while looking to expand its land bank.
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News P3 leases 170,000 sqm in Romania during 2023
01
Feb
2024

P3 leases 170,000 sqm in Romania during 2023

by Property Forum
P3 Logistic Parks recorded in Romania industrial lease deals with a combined surface of more than 170,000 sqm during 2023 in P3 Bucharest A1 industrial park, with occupancy rates driven by retail and logistics companies.
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News Redport Capital to develop 2,000 apartments in Bucharest
01
Feb
2024

Redport Capital to develop 2,000 apartments in Bucharest

by Property Forum
Romanian developer Redport Capital will start construction this year for the first phase of the urban regeneration project Infinity Nord that will be delivered in several stages by 2030.
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News Romania’s industrial market hits 7 million sqm milestone
31
Jan
2024

Romania’s industrial market hits 7 million sqm milestone

by Property Forum
The industrial and logistics market in Romania reached a stock of 7 million sqm at the end of 2023, with another 500,000 sqm under development across the country, according to data by Cushman & Wakefield Echinox.
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News Arcese leases 10,500 sqm in CTPark Bucharest West
25
Jan
2024

Arcese leases 10,500 sqm in CTPark Bucharest West

by Property Forum
Logistics operator Arcese Group has leased 10,500 sqm in CTPark Bucharest West in a bid to meet growing demand from the automotive industry.
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News Retail deliveries reach 7-year high in Romania during 2023
22
Jan
2024

Retail deliveries reach 7-year high in Romania during 2023

by Property Forum
Romania saw 11 new retail projects completed last year, with a combined leasable area of 215,000 sqm, sending the market to a 7-year high in terms of deliveries, according to a Cushman & Wakefield Echinox report.
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News Average property deal in Romania at €21.5 million in 2023
22
Jan
2024

Average property deal in Romania at €21.5 million in 2023

by Property Forum
While the total investment volume in Romania’s commercial property sector fell by around 60% to around €500 million in 2023 year-on-year, the average transaction amounted to €21.5 million of the 23 investment deals tracked by Crosspoint Real Estate.
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News Petre Niculae invests €40 million in Bucharest resi project
22
Jan
2024

Petre Niculae invests €40 million in Bucharest resi project

by Property Forum
Romanian entrepreneur Petre Niculae, the owner of several construction and real estate companies, has recently started the construction of a new residential complex in Bucharest that will feature 750 apartments.
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News Hagag drops office purchase in Bucharest
19
Jan
2024

Hagag drops office purchase in Bucharest

by Property Forum
Hagag Development Europe has withdrawn from negotiations with SNC-Lavalin for the purchase of an office building in Bucharest, in a deal estimated to have reached over €8 million.
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Latest news


New leases

  • Helly Hansen has leased 150 sqm for its first Romanian store in Promenada Mall, owned by NEPI Rockcastle.
  • A company specialising in the logistics sector, providing goods warehousing and transportation services, has leased a total of over 5,000 square meters of modern space at the MLP Czeladź logistics centre. The transaction was brokered by the consulting firm Rock Estate.
  • Skanska announced the expansion of its tenant portfolio in the Equilibrium 2 office building in Bucharest by welcoming ONV LAW. ONV LAW will occupy approximately 640 sqm in Equilibrium 2, with the move-in scheduled for December 2025.

New appointments

  • Justyna Filipczak has taken up the position of Executive Vice President of the CEE residential segment and joined YIT's management team.
  • Avison Young's Valuation and Advisory team in Poland has welcomed a new member, Michał Marynowski, who takes the role of Assistant Valuer. Among other experiences, he worked at the Court of Appeal in Warsaw, where he was responsible for verifying execution documentation for selected investments, updating data in the premises database for court buildings, and analysing tender bids. Proficient in GIS, AutoCAD, and Revit, he also has strong skills in interpreting planning documents.
  • Golden Star Group, an international investment firm operating in the real estate sector, has announced the promotion of two key specialists within its Polish team. Paweł Moczybroda has been appointed Group Chief Financial Officer, while Ewa Dragunajtys has been promoted to Head of Asset Management.

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