What’s the New Normal in Romania?

16
Jul
2020
News - What’s the New Normal in Romania? #coronavirus #media #report #Romania

by Property Forum | Report

Romania's Real Estate Yearbook 2020 has published "The New Normal - Market Pulse Report, Romania", an exclusive property market update on Romania at end of the lockdown.


The report presents in 80 pages projects status & updated opportunities, plans for H2 2020 and 2021 from developers and suppliers throughout the country. This is the first editorial supplement, dedicated to logistics & office sectors, other themed market pulse reports will follow dedicated to the tech or residential sectors in Romania. The regularly market pulse reports are an additional B2B communication platform, to support the promotion of key investors, developers and service providers during these transition times, until the publication of the yearly investment guide "Romania's Real Estate Yearbook 2021", scheduled for November 2020.

"After 7 investment guides and industry-dedicated yearbooks and 10 years covering chapters with real estate for a business magazine, many fairs and networking events in Munich, Cannes, Vienna, Warsaw, Budapest, etc., in addition to site visits and debates, I am sure that the next market cycle will bring spectacular results, even if we can't imagine them now in full details. Out of love for people we met and worked with, placing a bet on future projects and the market's potential in the region, in the most disturbing debut of the crisis of our lifetime, we present this Market Pulse Report, a sign of beating hearts with passion from the people in the industry. I am grateful also to our international networking partners for their support in promoting projects and market leaders from Romania", states Ionut Oprea, the publisher of the investment guide and market pulse reports.




Latest news


New leases

  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


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