ARTICLES LABELLED WITH TAG Timisoara

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 Import Sys
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 Import Sys
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 Import Sys
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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News Ikea to build third Romanian store in Timisoara
28
Mar
2018

Ikea to build third Romanian store in Timisoara

by Import Sys
Ikea plans to build its third store in Romania next to the city of Timisoara. The Swedish retailer has reportedly applied for a permit to build a roundabout that would allow access to the future store. Ikea also plans to open stores in Brasov and Cluj-Napoca.
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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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