ARTICLES LABELLED WITH TAG Timisoara

News Continental buys Kromberg plant in Timișoara
16
Apr
2021

Continental buys Kromberg plant in Timișoara

by Property Forum
Kromberg & Schubert, the German producer of cables and electrical systems for the car industry, has sold its plant in Timișoara to Continental Group, according to market sources quoted by ZF.ro. The transaction will allow the company to replace its manufacturing operations in the city with research and development activities. 
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News Mainfreight opens distribution hub in Timișoara Industrial Park
16
Apr
2021

Mainfreight opens distribution hub in Timișoara Industrial Park

by Property Forum
Global logistics solution provider Mainfreight has started operations on a new distribution hub in Timișoara Industrial Park (II), a project jointly developed by Globalworth and Global Vision. 
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News Romanian apartment prices on growth trend in March
07
Apr
2021

Romanian apartment prices on growth trend in March

by Property Forum
The average asking price for an apartment in Romania stood at €1,379 per sqm in March, up 1.5% compared to the previous month, according to a report by real estate portal Imobiliare.ro. 
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News Health certifications for real estate gain ground in Romania
06
Apr
2021

Health certifications for real estate gain ground in Romania

by Property Forum
Over 230 real estate projects in Romania have been certified to meet health, safety and sustainability standards and the pandemic has boosted the efforts of developers to meet targets for such ratings, according to Colliers. 
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News New Ibis hotel opens in Timișoara after €10 million investment
03
Mar
2021

New Ibis hotel opens in Timișoara after €10 million investment

by Property Forum
Optim Project Management has completed its work on the new 6,715 sqm ibis Timișoara City Center for Hotel Development SA, a company owned by brothers Emil and Marius Cristescu.
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News CTP to invest €50 million in logistics parks near Timișoara
23
Oct
2020

CTP to invest €50 million in logistics parks near Timișoara

by Property Forum
CTP announced its expansion plans for the Transylvania area. The developer plans to double the leasable area of ​​logistics spaces in the Transylvania region until 2023 by investments of €50 million in the expansion of its two logistics parks around Timișoara. Some of the spaces included in the construction plan are already leased to companies from the logistics and manufacturing sectors.
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News Local developer secures €7.3 million loan for Timișoara resi project
02
Sep
2020

Local developer secures €7.3 million loan for Timișoara resi project

by Property Forum
Arad-based developer Wallberg has secured a €7.3 million loan from Garanti Bank for the construction of the second tower of the XCity Towers complex, the first residential tower in the city of Timișoara, a project worth €75 million which will total 955 apartments.
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News Timișoara office building gets certified
31
Aug
2020

Timișoara office building gets certified

by Property Forum
The Vox Technology Park office building in Timișoara has obtained the BREEAM In-Use v6 sustainable certification with an Outstanding rating, the highest existent score accorded on a global level, thus being the first project in Romania with this ranking.
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News NEPI Rockcastle and AFI Europe close €307 million transaction in Romania
28
Aug
2020

NEPI Rockcastle and AFI Europe close €307 million transaction in Romania

by Property Forum
AFI Europe, the owner of among others the largest mall in Bucharest, has completed the takeover of the portfolio consisting of four office projects from NEPI Rockcastle, in the most important office transaction in Romanian history. With a value of €307 million, the transaction through which NEPI Rockcastle, advised by Colliers International, sold four office projects to AFI Europe represents a third of the real estate investment market estimated at about €1 billion in 2020. The acquisition places Romania on the map of large strategic investors and has the potential to become a catalyst for significant new transactions in the future, being an important benchmark for local market liquidity and contributing to increasing investor confidence, according to Colliers International specialists.
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News Iulius office building in Timișoara gets certified
16
Jul
2020

Iulius office building in Timișoara gets certified

by Property Forum
United Business Center 3 in Timișoara has become the only LEED ‘Platinum’ certified office building in Romania outside Bucharest and the third one in the country.
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Latest news


New leases

  • Cărturești is set to become an anchor brand in the RIVUS project developed by Iulius, in Cluj-Napoca, where it will house the country's largest bookstore. The company will lease 2,500 sqm of space, spread across two levels.
  • M1 Poznań, managed by EPP, one of the largest family shopping centres in Wielkopolska, has just gained a new, unique tenant, CentrumRowerowe.pl, which is making its debut in Wielkopolska. In the summer, HalfPrice will also join the list of tenants of the centre, offering global brands, including fashion, home furnishings and sports goods at attractive prices. Customers can also already use the assortment of the recently opened Reporter clothing store and the Rainbow travel agency. All new contracts cover over 5,000 sqm of retail space.
  • Three companies from the PZU Group, one of the largest financial institutions in Poland and Central & Eastern Europe, have decided to lease space at Konstruktorska Business Center in Warsaw for another 10 years. The companies have renewed their lease for a total of over 6,500 sqm of modern office space in the building owned by Golden Star Group.

New appointments

  • Elżbieta Majdan is joining the Property & Asset Management team at Savills Poland as an Associate Director. Elżbieta brings 15 years of experience in managing and commercialising retail properties, gained while implementing key projects on the Polish market.
  • Savills Czech Republic announces new hires and promotions within its valuation team. Daniel Duchek has joined as a Senior Valuer, Alena Arnoldová has strengthened the team as a Junior Valuer, and Ivana Horáková has been promoted Valuer. Under the leadership of Marek Pohl, the team now consists of seven consultants specialising in the valuation of a wide range of assets – from commercial, residential, and hospitality properties to leisure, healthcare facilities, and land.
  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.

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