Romanian Impact Developer & Contractor said it plans to develop 1.25 million sqm by 2027, respectively over 10,000 homes in the medium - affordable segment, with an estimated market value of €1.4 billion without VAT.
Romania’s retail sector will see new deliveries of projects covering around 121,000 sqm, of which 62% are small structure, mainly retail parks, according to a report by real estate consultancy Colliers.
The office sector accounted for 66% of total investment volumes recorded in Romania’s commercial real estate sector in the first semester. Deals worth close to €290 were closed in the first half, down 41% year-on-year, according to a report by real estate consultancy Colliers.
Law firm Reff & Associates | Deloitte Legal worked with Speedwell on refinancing the loan granted by BRD Groupe Société Générale for the development of the Record Park Offices project located in central Cluj-Napoca.
Romanian developer One United Properties recorded a turnover of 434 million lei (€88.1 million) and a net profit of 147.5 million lei (€29.9 million) in the first semester over improved revenue from the development and sale of residential properties.
Liviu Tudor, Chairman of Genesis Property talked to Property Forum about the new IMMUNE Building Standard and the hybrid future of work that will shape the development of the office industry in the years to come.
Oana Partenie, Head of Property Management Romania at Ceres Management Services spoke with Property Forum about the challenges of property management and the resilience of retail parks in the pandemic economy.
From March 2022, Skyliner will become the new headquarters of the Polish branch of Colonnade. The insurer will occupy the area of 1,500 sq m. The company operates in the field of “non-life” insurance products for corporate and individual clients.
108 Agency Hungary has mediated a lease of 5,000 sqm for Citronex at WLP Budapest East Business Park. Citronex is a Polish family company that has been on the market since 1988, setting the highest standards in many diverse industries.
108 Agency Slovakia has secured a lease of 3,392 sqm for a confidential client in the Plus Centrum office building located in Bratislava.
New appointments
Diófa Fund Management has appointed Gábor Pozsgai as the company's new advisor to the Board of Directors. He will be responsible for the development and efficient operation of the sales strategy framework.
Colliers Poland is developing its Workplace Innovation department – Karolina Dudek, PhD has just joined the team as Associate Director. She will use her skills in organisational diagnosis, knowledge of research methodology and design management expertise to support the shaping of sustainable work environments.
Cromwell Property Group has appointed Piotr Goździewicz as senior investment manager for Central and Eastern Europe. He will be responsible for executing a variety of investment strategies of Cromwell and its capital partners in the region with a focus on Poland, Czech Republic and Slovakia.
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