ARTICLES LABELLED WITH TAG Romania

News Forty Management sells out €25 million project in Bucharest
17
Mar
2022

Forty Management sells out €25 million project in Bucharest

by Property Forum
Romanian developer Forty Management has completely sold all the apartments and leased all spaces in the Central District 4 Elements project that was completed last year following an investment of €25 million.
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News Residential complex Cosmopolis has a new CEO
17
Mar
2022

Residential complex Cosmopolis has a new CEO

by Property Forum
Ozan Tuncer has been appointed as the new CEO of Cosmopolis, Opus Land Development's residential compound located near Bucharest. He is replacing Ahmet Buyukhanl, who remains the main shareholder of the company. 
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News Hagag buys office building in central Bucharest
17
Mar
2022

Hagag buys office building in central Bucharest

by Property Forum
Hagag Development Europe has acquired a new office building located near Bucharest's central area with a built surface of 6,000 sqm. 
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News Globalworth supports Ukraine humanitarian efforts
17
Mar
2022

Globalworth supports Ukraine humanitarian efforts

by Property Forum
Property developer Globalworth is providing 12,000 sqm of its portfolio in Romania and Poland for Ukraine war humanitarian relief efforts. The spaces will be used to accommodate refugees and provide them with related logistical support as well as depositing and sorting the donations. 
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News Indotek Group buys office building in Bucharest
16
Mar
2022

Indotek Group buys office building in Bucharest

by Property Forum
Hungarian Indotek Group has purchased Băneasa Business Center, located in the northern business center of Bucharest, with nearly 10,000 sqm of leasable space for an undisclosed sum. 
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News Austrian property investments in Romania reach €323 million in 2021
15
Mar
2022

Austrian property investments in Romania reach €323 million in 2021

by Property Forum
Property investments in Romania totaled €919.4 million during 2021, with Austrian investment dominating the rank among foreign players closing deals on the local market. Last year, Austrian investors bought office and retail spaces with a combined value of €323 million. Czech and Hungarian property players had shares of €173 million and €150 million, respectively, according to a report by real estate consultancy Fortim, a member of BNP Paribas Real Estate Alliance. 
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News Anchor Grup refinances Romanian portfolio
14
Mar
2022

Anchor Grup refinances Romanian portfolio

by Property Forum
Property developer Anchor Grup has secured a financing volume of €80 million from Banca Transilvania that will be used to refinance the retail and office segments of the company. 
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News Kinstellar sees pandemic-proof assets driving property demand in Romania
14
Mar
2022

Kinstellar sees pandemic-proof assets driving property demand in Romania

by Nicolae Ovidiu
There is increased demand for all categories of property assets in Romania, with office and industrial set to continue their growth streak this year. Property Forum talked to Victor Constantinescu, Managing Partner of Kinstellar’s Bucharest office and Co-Head of the firm-wide Real Estate practice, about the impact of the pandemic on Romania’s real estate market and how the country’s property investment potential can be harnessed in the next years.
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News Cargus adds e-fulfillment in warehouse near Bucharest
10
Mar
2022

Cargus adds e-fulfillment in warehouse near Bucharest

by Property Forum
Delivery firm Cargus has started operations last September in a warehouse covering 15,000 sqm in CTPark Bucharest that will accommodate fulfillment demand of e-commerce companies. 
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News Almost half of Romanian employees have resumed office work
09
Mar
2022

Almost half of Romanian employees have resumed office work

by Property Forum
As Romania has eliminated all pandemic restrictions earlier this week, companies plan to increase the number of employees returning to the office in the near future. 
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Latest news


New leases

  • Elegance Decor, the home & deco company, has leased 400 sqm in Bucharest-based Equilibrium 1 for its new office. The building has a total leasable area of 20,700 sqm and was developed by Skanska.
  • Majorel Polska, an international outsourcing services provider has extendied a lease agreement for the next 2 years and leased additional 400 meters for a new project - IT Hub in recently modernised Globis Poznań by GTC. It now occupies 3 200 sqm of A-class workspace. CBRE has advised Majorel Polska on concluding the lease contract.
  • NEPI Rockcastle Poland has extended its office lease agreement and enlarged its premises in the Cosmopolitan Twarda 4 building in Warsaw city centre. The shopping centre owner and operator now occupies 1,500 sqm of offices in the building.

New appointments

  • AXI IMMO decided to develop and expand its operational activity with an offer of complex services in property valuation. Grzegorz Chmielak was appointed as the Head of the new service line, and he will also manage the Capital Markets Department.
  • Tamás Kiss has joined Hungarian asset management company Diófa Alapkezelő Zt. and has been appointed deputy CEO. Previously he worked for several brokerage firms as a director of asset management and director of investment or compliance unit.
  • Tomasz Pietrzak, with MLP Group for more than five years, has been promoted to the position of Leasing Director Poland. Until recently responsible for the commercialisation of warehouse space in the Warsaw region, now he will manage leases across Poland.


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