Romania’s Akcent Development Group, specialized in the development of residential and office projects in Bucharest, recorded a turnover of €48 million in 2020.
The rent environment for Bucharest offices has been on a downward trend since the onset of the health crisis as flexible work arrangement that limited the presence of employees in offices were implemented, according to Investpoint.
VisionApartments, a company controlled by Swiss billionaire Anja Graf, has acquired a land plot of 15.6 hectares near Bucharest where it plans to start a complex real estate investment.
German retailer Metro Cash&Carry will expand its logistics centre in Ștefăneștii de Jos, near Bucharest, in a bid to cover higher distribution demands and sales in its network.
Lithuanian hotel operator Apex Alliance Group has announced the opening this summer of its most extensive project in Romania, The Marmorosch Bucharest, Autograph Collection.
The Black Sea Trade and Development Bank (BSTDB) has provided a loan worth €10 million to Garanti BBVA Consumer Finance. The funding will support residential investments in energy improvements and resource efficiency.
Romania’s City Garden says it will deliver the first phase of its luxury villas complex this year and will complete the whole project in 2022. The company is investing around €16 million in 66 villas located in northern Bucharest.
Digital property platform Casta, part of Neogen group, has taken over real estate classifieds' portal Magazinul de Case, in a bid to expand across Romania.
Hagag Development Europe says it has submitted the complete documentation in order to obtain the building permit for the consolidation and restoration works on Știrbei Palace, a historical building located in central Bucharest.
Romanian real estate developer One United Properties has announced that Claudio Cisullo has been appointed Chairman of the Board of Directors starting May 20. He has recently become the third biggest shareholder of the developer and was Member of the Board of Directors of One United Properties since 2020.
Axi Immo decided to renew its office leases in Warsaw and Katowice. The leased area in Warsaw has remained unchanged while the Silesian office at Muchowiec Active Park has been enlarged. Both venues have been modified in order to meet the strictest safety standards and accommodate a hybrid working model.
Raben Logistics Polska has moved into Panattoni Park Gdańsk Airport. The logistics operator will make use of a number of solutions dedicated to specialised logistic operations, which are to be conducted on 7,560 sqm of warehouse space.
108 Agency has leased 900 sqm of industrial space to Czech logistic company HRAL in Pilsen Borská pole and the new pick-up point for IKEA was opened there.
New appointments
Adrian Bojczuk has joined Tétris' Polish office to take on the newly created position – EMEA Investors and Landlords Client Development Director. He will work closely with the management and business development teams in each country, as well as with the JLL Investor team in EMEA.
Savills has strengthened its Office Agency in Poland with the appointment of Marcin Sabowicz and its Industrial Agency with Adam Włochyński.
Skanska has named Aurelia Luca as Executive Vice President for Operations in Hungary and Romania. She has previously managed the Romanian operations of the developer. Luca has more than 20 years’ worth of experience in real estate.
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