ARTICLES LABELLED WITH TAG Romania

13
Mar
2017

EBRD invests in Romanian supermarket chain

by Ákos Budai
The EBRD is joining forces with Mid Europa Partners to strengthen Romanian supermarket and convenience chain Profi Rom Food S.R.L. by providing a €25 million equity investment. Profi operates around 523 stores in more than 272 localities throughout Romania. The EBRD’s financing will support a further expansion of the network, particularly into the country’s smaller towns.
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09
Mar
2017

Romania is the country to watch out for in 2017

by Ákos Budai
2016 was a strong year for the Romanian commercial property market with a continued boom in the office segment and growing investment volumes. Ilinca Paun, Managing Partner at Colliers International talked us about current trends and expectations for the future.
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07
Mar
2017

Strabag puts Bucharest hotel on the market

by Ákos Budai
Owner Strabag has put the five-star JW Marriott Hotel on the market, zf.ro reports. The potential sale is reported to have attracted interest from various foreign and local investors, including the Paval brothers, the owners of DIY retailer Dedeman. The value of the 402-room hotel is estimated to be around €100 million.
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06
Mar
2017

New project manager for Timișoara development

by Ákos Budai
Optim Project Management was assigned as General Designer for a new mixed commercia  (retail & offices) development in Timișoara. Optim PM will also provide project management services for this new project.
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02
Mar
2017

Bucharest hotel market on the rise

by Ákos Budai
According to Christie & Co's recent hotel market snapshot, Bucharest is an emerging market for hotel investments. While the city's hotel market may yet to fully recover from the financial crisis, it has made tremendous progress in recent years, reporting upward trends in key performance indicators and growing investor interest.
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28
Feb
2017

Immofinanz rents over 80,000 sqm of office space in Bucharest

by Ákos Budai
Immofinanz rented approx. 80,000 sqm of office space in Bucharest during the abbreviated 2016 financial year. That represents more than 40% of the total standing office portfolio in Romania. These transactions are expected to increase the occupancy rate in the office sector in Romania from roughly 88% to more than 94%. New rentals and expansions accounted for roughly 47,000 sqm or 60% of the rented space, while the remainder represents contract extensions. 
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28
Feb
2017

Colliers appoints new Managing Director for CEE

by Ákos Budai
Colliers International announced that Luke Dawson has returned to Colliers International, effective immediately, in the role of Managing Director & Head of Capital Markets for Central & Eastern Europe (CEE).
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28
Feb
2017

JLL Romania appoints new Managing Director

by Ákos Budai
JLL has appointed Silviana Petre Badea as Managing Director of its Romanian business, based in Bucharest, with effect from 1 March 2017.
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24
Feb
2017

Warimpex sells 8 CEE hotels to Thai investor

by Ákos Budai
Warimpex announced the partial sale of its hotel portfolio to Thai investor U City Public Company Limited (U City). The transaction includes eight hotel participations – two of which are partially (50 per cent) owned by UBM Development AG (UBM) – which comprise approximately 50 percent of Warimpex's total real estate assets and which have a property value of approximately €180 million (excluding the stakes of UBM in that portfolio). 
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23
Feb
2017

Globalworth buys Romanian warehouse for €42.5 million

by Ákos Budai
Globalworth purchased a logistics project located near Pitesti, Romania, rented by Dacia from ELGAN, a company owned by businessman Simon Roth, for €42.5 million. Colliers International advised the seller.
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Latest news


New leases

  • Westinghouse Electric Company will occupy a space of over 1900 sqm in the Zabłocie Business Park B office building in Kraków. JLL represented the tenant during the contract negotiation process.
  • Grupa Azoty, a producer of fertilizer and chemical components has extended its lease in the Warsaw Trade Tower. The company occupies 1,160 sqm in the skyscraper, which is owned by Globalworth.
  • 108 Agency Slovakia has mediated the lease of 720 sqm for its client Mercurtrade in Beta – Car Park Pezinok.

New appointments

  • Spaceflow, a tenant experience company, appoints Ken Norton as its Vice President of Sales. Among Norton’s goals is to accelerate the growth of its client base, while scaling Spaceflow's sales team in their international markets and optimizing the sales processes. Norton joined Spaceflow after three years as Head of Sales at LandInsight, now Landtech. Prior to joining LandInsight, he was in Business Development at Estates Gazette.
  • Benoit Lheureux will replace Gerard Gallet as a CEO of Auchan Polska. Gerard Gallet will remain a Member of the Board.
  • Tomasz Łapiński, former CFO of Cordia Poland, has returned to the company as Development Director and Vice President. He will be responsible for strengthening Cordia's position in Poland, its development and further integration with Polnord.


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