ARTICLES LABELLED WITH TAG Romania

19
May
2021

Immofinanz kicks off refurbishment of VIVO! Baia Mare

by Property Forum
Austrian real estate group Immofinanz will start the refurbishment of shopping centre VIVO! Baia Mare on June 1. The works on the project located in northern Romania will cover more than 10,000 sqm, which is one third of the total surface of the centre. 
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18
May
2021

Q1 2021 investment volume in Romania reaches €85 million

by Property Forum
Romania recorded new real estate investments worth €85 million in the first quarter of 2021, down 42% year-on-year, in line with the lower results of other markets in Central and Eastern Europe, according to a report by Colliers. 
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18
May
2021

Vox Property Group gets €19.5 million for Romanian projects

by Property Forum
Romania’s Vox Property Group says it secured €19.5 million in funding from CEC Bank that will be used to refinance other loans and to support ongoing projects in the country. 
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17
May
2021

Corteva pre-leases 23,000 sqm in Bucharest warehouse

by Property Forum
Agricultural products maker Corteva has pre-leased around 23,000 sqm of industrial space in a built-to-suit warehouse located in northeastern Bucharest. 
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17
May
2021

Impact Contractor & Developer Q1 2021 sales up 71%

by Property Forum
Romania's Impact Contractor & Developer says it recorded sales of RON 39.3 million (€7.9 million) in the first quarter of 2021, up 71% year-on-year, due to higher demand in the residential market. 
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14
May
2021

Colliers Romania tests real estate software robot

by Property Forum
Real estate consultancy Colliers is testing the first intelligent software robot dedicated to the real estate industry in Romania. The company is using the Robotic Process Automation (RPA) technology developed by UiPath.
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13
May
2021

EBRD invests €24.7 million in MAS’s real estate green bond

by Property Forum
The European Bank for Reconstruction and Development has successfully subscribed to a €24.7 million ticket as part of an inaugural five-year €300 million green bond issuance by MAS Securities BV. The firm is wholly owned by MAS Real Estate Inc., an investor and operator of predominantly retail real estate assets that focuses on CEE.
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13
May
2021

Impact to start construction of Iași residential project

by Property Forum
Impact Developer & Contractor will start the development of its first residential projects in Iași, eastern Romania, in the second half of this year. 
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13
May
2021

Radisson Blu Bucharest to get €24 million upgrade

by Property Forum
Radisson Hotel Group has announced a €24 million investment program in Radisson Blu Bucharest Hotel, owned by Revetas Capital and Cerberus Capital Management, that will include the redesign of common spaces and the increase of the room count. 
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13
May
2021

Penny to invest €1 billion in Romania by 2029

by Property Forum
Retailer Penny, part of Rewe Group, has announced a long-term investment program in Romania that includes the expansion of the store network and the development of logistics operations. 
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Latest news


New leases

  • 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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