Bucharest’s office development pipeline is low, with just 24,000 sqm expected for delivery by the end of 2025, which could further push pre-leasing activity to new lows, according to a report by iO Partners.
Răzvan Nica, Managing Director, BuildGreen, spoke with Property Forum about the decarbonisation efforts of real estate companies and the growing appeal of green buildings for banks.
Romanian developer Forty Management will open this week, in Bucharest, a public access lagoon, part of Lagoon Park Bucharest project, following an investment of €33 million.
Hospitality group Mogotel has signed a partnership with Romanian developer Monarc Properties for the opening of the first Radisson Blu hotel in the seaside resort Mamaia.
The estimated volume of new industrial deliveries in Romania is set to exceed 500,000 sqm in H2 2024, which would add to the existing stock of 7.1 million sqm.
Property developer Liebrecht & wooD has delivered a commercial building with mixed-use facilities in its villa complex based near Bucharest following an investment of €2.1 million.
Romanian commercial and residential developer One United Properties has announced that its two Co-CEOs Victor Căpitanu and Andrei Diaconescu have made a combined share purchase in the company.
The industrial sector in Romania is recording a slowdown in Q1 2024, with the same trend being recorded across Central and Eastern Europe (CEE) markets, according to a iO Partners analysis.
Gaya Studios has 190 sqm in Green Gate office complex, in a deal brokered by Rustler Romania.
Kalenda, a Romanian furniture and home décor retailer with nationwide presence, is expanding its operations by leasing 2,500 sqm at Industra Park Iași, a logistics park owned and managed by Oresa Industra.
CurryLab, a new dining concept by the owners of IndianTaste, has signed a lease for more than 150 sqm on the ground floor of the NEFRYT residential building in Warsaw. The brand’s fourth location in the city is scheduled to open this summer at SOHO by Yareal.
New appointments
Krzysztof Wróblewski (MRICS) has been named Head of Portfolio Management CEE at Peakside Capital Advisors, responsible for overseeing investments and managing the real estate portfolio. He succeeds Christopher Smith in this role.
Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.
CPI Property Group is strengthening its leasing structure with the appointment of Agnieszka Baczyńska as Head of Leasing. In her new role, she will be responsible for shaping and executing the leasing strategy across the group’s office and retail portfolio in Poland. At the same time, Izabela Potrykus has been appointed Leasing Office Director. Baczyńska brings more than 20 years of experience in the commercial real estate market. Prior to joining CPI Property Group in 2022, she served as International Leasing Director at Neinver Polska.
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