Square 7 Properties and Mitiska REIM have inaugurated Pitești Shopping Park, a new shopping center located in the northern area of Pitești, following an investment of €19 million.
Real estate investment group M Core has launched a strategic venture with Square 7 Properties for the management of 25 retail parks in Romania that it purchased at the end of last year.
Square 7 Properties and Belgian investment fund Mitiska REIM will open this week Giurgiu Shopping Park, which has a leasable area of 7,000 sqm. The general contractor of the project was Austrian construction firm Strabag.
The Slatina Shopping Park, located in Southern Romania, has reached a total commercial area of 8,700 sqm following an extension completed by Square 7 Properties and Mitiska REIM investment fund.
Around 100,000 sqm of new retail spaces should be completed during 2022 in Romania, of which more than 80% are located in retail parks, according to a report by real estate consultancy Cushman & Wakefield Echinox.
Astellas Pharma has renegotiated its lease for offices at One Floreasca Bucharest in a deal brokered by Fortim Trusted Advisors, an alliance member of BNP Paribas Real Estate.
Czech furniture industry supplier Hranipex, a provider of edge banding, adhesives, cleaning products, and accessories, has leased nearly 3,000 sqm of warehouse space at CTPark Bucharest South. The company has relocated its operations to the new facility and is currently fully operational within the park.
Oracle has renewed its lease for 600 sqm of office space in Belgrade, in a deal brokered by iO Partners.
New appointments
PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.
iO Partners has announced key leadership changes within its Czech Republic operations as part of its ongoing business evolution. Milan Kilik has been appointed as the new Head of Office Leasing, with a particular focus on client advisory and team collaboration. Concurrently, Petr Kareš has transitioned into the role of Occupier Business Development Director. In this new capacity, he will be responsible for identifying new market opportunities and integrating services across Tenant Representation, Project Management, and Industrial Leasing.
Romanian office developer Genesis Property has appointed Cătălin Niculiță as Leasing Manager. With nearly 20 years of experience in the real estate industry, he has held leadership roles at real estate companies such as Atenor, collaborating with major office tenants in the banking, telecom, and IT sectors.
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