News Orbis Group signs three new hotels in Romania

Orbis Group signs three new hotels in Romania

by Property Forum
In line with its development strategy for AccorHotels branded hotels in Eastern Europe, in particular on the very promising Romanian market, Orbis signed 3 new agreements in recent weeks for a total of 370 hotel rooms.
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News NEPI Rockcastle buys Sibiu mall project for €21 million

NEPI Rockcastle buys Sibiu mall project for €21 million

by Import Sys
NEPI Rockcastle has acquired the Festival Sibiu mall project from Primavera Development for €21 million. Reff&Asociatii provided legal assistance for NEPI in signing this deal.
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News Zacaria to deliver first building in Sibiu industrial park

Zacaria to deliver first building in Sibiu industrial park

by Import Sys
Real estate developer Zacaria signed one of the largest rental contracts in 2017 for an industrial space in Sibiu, with the German company Kuka Systems, which will expand its activity in Romania. The new Kuka production space is a built-to-suit project, covering more than 10,000 sqm.
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News Romanian investors develop Sibiu’s first shopping centre

Romanian investors develop Sibiu’s first shopping centre

by Ákos Budai
Romanian real estate developer Primavera Development will build a shopping centre in the centre of Sibiu, on the plot of the former Simerom plant. Festival Shopping Center is set to have a 44,000 sqm rentable area and is expected to be opened in H2 2018. The investment in the mall will amount to 70 million euros.
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Latest news

New leases

  • Confectionery Batida has joined the tenants of the LIXA City Gardens retail concept that is being arranged in the LIXA office complex near the Daszyński Roundabout in Warsaw.
  • Vileda expanded its office located in MyHive IO-1 in Warsaw, owned by CPI Property Group, to 712 sqm. Przemysław Urbański from Avison Young Poland supported Vileda in the negotiation process.
  • The LUX MED Group extended a 2,200 sqm lease agreement in the O3 Business Campus in Kraków managed by EPP

New appointments

  • Axi Immo is developing its Capital Markets Department. As of November 2023, Jakub Grabara was appointed as Associate Director in the Capital Markets Department. He will be responsible for transactional services, i.e., acquiring, purchasing, and selling commercial real estate.
  • Romanian developer ARQA has named Alexandru Rădulescu as Chief Sales Officer. During his career, he has overseen the sale of 17 residential and mixed-use projects.
  • Multi Corporation appoints Ola Zajac as New Business Ventures Manager. Ola will be looking for new business expansion strategies and venture capital investment opportunities across Europe and will be based out of Lisbon.


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