ARTICLES LABELLED WITH TAG Timisoara

News Timișoara office building receives LEED certification
07
Feb
2019

Timișoara office building receives LEED certification

by Property Forum
United Business Center 2 (UBC 2) in Timișoara was awarded a LEED Gold certification. UBC 2 adds up to 18,000 sqm leasable area and was opened in early 2017. The building is a part of the Openville Timișoara mixed-use project currently developed by Iulius and Atterbury Europe in the vicinity of Iulius Mall.
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News Garanti Bank finances Timisoara project with €5.8 million
28
Nov
2018

Garanti Bank finances Timisoara project with €5.8 million

by Property Forum
Romanian developer Wallberg has secured a €5.8 million loan from Garanti Bank to finance the development of the XCity Towers project in Timisoara. XCity Towers it will be built in several stages, with a total of 955 apartments in 8 buildings. The total value of the project will exceed €62 million, of which the first stage will amount to €36 million.
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News Local retailer acquires Timișoara office building for €6.2 million
17
Sep
2018

Local retailer acquires Timișoara office building for €6.2 million

by Property Forum
CIT Group, a Romanian retailer specialised in IT equipment, has acquired the Nokia building in Timișoara for €6.2 million which marks the company’s entry into the real estate business. The property will be managed by CIT’s Imobiliare division.
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News Orbis Group signs three new hotels in Romania
30
Aug
2018

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 Orbis expands its Romanian portfolio
07
Aug
2018

Orbis expands its Romanian portfolio

by Property Forum
Orbis has opened a new Ibis Styles hotel in the northern area of Bucharest. The hotel features a restaurant, a conference room, a business lounge and a bar, in addition to 80 guest rooms. The property was rebranded from Hotel Erbas.
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News Investors look at regional cities in Romania
18
Jul
2018

Investors look at regional cities in Romania

by Property Forum
The accelerated economic development of the major regional cities in Romania is beginning to influence their real estate market as well. According to Colliers International, there are strong arguments to support the increased interest in office leasing and the strong investment potential, so cities such as Cluj-Napoca, Timisoara, Iasi or Brasov can offer an alternative to Bucharest.
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News Mulberry Development opens office building in Timisoara
12
Jul
2018

Mulberry Development opens office building in Timisoara

by Property Forum
Entrepreneur Ovidiu Sandor’s Mulberry Development has handed over the first phase of ISHO Offices in Timisoara, Romania. Survey Sampling International was the first company to move in with more than 130 employees.
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News Iulius starts construction of Romania’s tallest office building
27
Apr
2018

Iulius starts construction of Romania’s tallest office building

by Property Forum
The Iulius Company commences the construction works for the fourth office building of the total six to be included in the Openville Timişoara mixed-use development. Spanning on a 155 m height and 27 floors, United Business Center 0 (UBC 0) will be the tallest office building in Romania. The Openville project is currently under construction in the proximity of Iulius Mall Timişoara and, owing to the 130,000 sqm of office premises it will create, it hopes to become the main business hub in the west of Romania.
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News Companies keep setting up new HQs in Bucharest
13
Apr
2018

Companies keep setting up new HQs in Bucharest

by Property Forum
Companies have rented almost 70,000 square meters of office space in Bucharest in Q1 2018, according to JLL. One-third of the demand came from companies that formerly had their headquarters in old, small buildings or in other different from modern buildings (non-competitive stock). This segment of demand increased compared to last year when it accounted for only 7% of the total take-up.
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News Mulberry Development moves forward with Timisoara project
28
Mar
2018

Mulberry Development moves forward with Timisoara project

by Property Forum
Mulberry Development, a real estate developer controlled by businessman Ovidiu Sandor, has announced the launch of the second phase for ISHO Offices, a mixed-use project in Timisoara.
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Latest news


New leases

  • Modesta Real Estate has found a new office location for one of the leading suppliers of LPG in Slovakia. FLAGA, part of UGI International, will move into about 300 sqm in the Westend Business Zone close to the city centre of Bratislava in May 2023.
  • Szerémi Office Building in Budapest welcomed an unnamed new tenant which has signed a long-term lease agreement for 1252 sqm of space in the property. The complex of three interconnected buildings provides a total floor space of nearly 10,500 sqm.
  • Kucera Logistics Group Sp. z o.o Sp. K. has decided to open a new distribution centre at Panattoni Park Pruszków V. The tenant will occupy nearly 3,300 sqm of warehouse and office space in the new location. AXI IMMO represented Kucera Logistics Group in the transaction.

New appointments

  • CPI Property Group has appointed Karol Klin as Head of Office Leasing in Warsaw from the 1st of February. He is a recognised specialist in the commercial real estate sector. He gained more than 20 years of experience in such companies as Cornerstone, Globalworth, Echo Investment, Skanska and GTC.
  • Daniel Cateliu has been appointed as Director in the Industrial & Logistics department of real estate consultancy CBRE Romania. He is currently pursuing an EMBA at the University of Sheffield in the UK. Cateliu is a graduate of the Faculty of Political Sciences within the SNSPA, subsequently following a master's program and earning an Erasmus scholarship at the University of Trieste in Italy.
  • Oscar Kazanelson - the current Chairman of the Supervisory Board of ROBYG - has been appointed Chairman of the Supervisory Board of Vantage Development. This is related to the decision to build synergies within the TAG Immobilien Group.


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