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REAL ESTATE

Office stock to increase by 350,000 sqm this year, says Colliers

2017-03-24 15:25:46
Romanian office market registered last year the highest rate of deliveries in the last seven years, and the upward trend will continue in 2017. This year, the stock of office spaces will increas...

REAL ESTATE

Investors pour more money into the booming CEE hotel industry, says Cushman & Wakefield

2017-03-20 16:13:46
The investment volume achieved in 2016 totalled almost 1.2 billion Euro with 46 transactions recorded in core CEE hotel investment markets, while in 2015 reached just over 700 million Euro with ...

REAL ESTATE

S IMMO AG completes the first phase of Sun Plaza remodelling

2017-03-20 15:52:54
S IMMO AG completes the first part of the remodelling process for Sun Plaza shopping centre in Bucharest. On March 23rd, the newly reconfigured area within Sun Plaza will open to the public, hos...

REAL ESTATE

AFI Europe Romania reached 46 million Euro net operating income in 2016, 15.5 per cent up compared to 2015

2017-03-15 15:26:01
The Romanian subsidiary of real estate company AFI Europe announced a 46 million Euro net operating income in 2016, up 15.5 per cent against the previous year, according to company data.

REAL ESTATE

DTZ Echinox rebrands as Cushman & Wakefield Echinox

2017-03-14 15:17:01
Cushman & Wakefield, a leading global real estate services firm, has signed an exclusive arrangement with DTZ Echinox as its affiliate in Romania. The formal affiliate appointment follows the 20...

REAL ESTATE

Sonae Sierra reached over 180 million Euro net profit in 2016

2017-03-13 16:23:55
Sonae Sierra, the international property company dedicated to dedicated to retail real estate development, recorded a net profit of 181 million Euro in 2016, compared to 142 millione Euro in 201...

REAL ESTATE

Commercial property investments in Romania exceeded 850 million Euro last year, says DTZ

2017-03-09 13:54:33
In 2016, the total volume invested in commercial property in Romania exceeded 850 million Euro, a DTZ Echinox report shows. Bucharest attracted 660 million Euro, which represents 77 per cent of ...

REAL ESTATE

The Bridge to host the biggest restaurant within an office building in Bucharest, says DTZ

2017-03-06 13:31:18
The Bridge business centre, developed by Forte Partners, will host Boutique Food Hall, the biggest restaurant within an office building in Bucharest, with an area of over 1,000 sqm, following a ...

REAL ESTATE

ESOP Consulting assisted Harman International on a lease agreement for 7,700 sqm in Metroffice

2017-03-02 12:31:38
American company Harman, designing and engineering connected products and solutions for automakers, consumers and enterprises worldwide, signed a lease agreement for 7,700 sqm in Metroffice, the...

REAL ESTATE

Immofinanz leased over 80,000 sqm of its Bucharest office portfolio last year

2017-02-28 14:59:35
Immofinanz, one of the leading real estate investors in Romania, has leased over 80,000 sqm of its Bucharest office portfolio in the abbreviated financial year 2016, the equivalent of 10,000 sqm...

REAL ESTATE

JLL appoints Silviana Petre Badea to lead Romania business

2017-02-27 13:05:07
JLL has appointed Silviana Petre Badea as managing director of its Romanian business, based in Bucharest, with effect from 1 March 2017.

REAL ESTATE

Three office buildings to be developed by Iulius in Timisoara

2017-02-17 10:40:13
This spring, the Iulius company will start the construction works for three new class A office buildings within the Openville Timisoara mixed-use project, located near Iulius Mall, a press relea...

REAL ESTATE

JLL appoints Alina Cojocaru as head of valuation department

2017-02-16 16:34:46
Alina Cojocaru was appointed head of valuation department at JLL Romania, starting February 15, a press release shows. She will be responsible for the extension of JLL valuation portfolio by pro...

REAL ESTATE

Colliers: Land market dominated by demand for residential and mixed projects

2017-02-16 15:36:45
Romanian land market in 2016 was characterized by an increased demand from the residential and retail projects, according to a report by Colliers International. Interest in these sectors will be...

REAL ESTATE

Number of employees in Bucharest office market to reach 260,000 this year, says DTZ

2017-02-16 14:34:50
The number of employees working in A and B office buildings in Bucharest reached 233,000 at the end of 2016, 30,000 more than in 2015, recording the highest level in past three years, according ...

REAL ESTATE

JLL appoints new head of Industrial for Romania

2017-02-08 11:59:21
JLL has announced that Costin Banica, business developer Industrial Agency, has been appointed to the role of Head of Industrial for Romania, effective 17 February 2017.

REAL ESTATE

Colliers: Industrial and logistic stock to increase by 500,000 sqm this year

2017-02-02 17:01:18
Industrial and logistic stock will increase by about 500,000 sqm this year, continuing the upward trend of 2016, according to Colliers International. About 80 per cent of new deliveries are expe...

REAL ESTATE

Modern retail stock in Bucharest reached 1.2 million sqm, says DTZ

2017-02-02 16:03:50
The modern retail stock in Bucharest reached 1.2 million sqm at the end of 2016 and consists especially in shopping centres (56 per cent) and retail parks (33 per cent), while commercial galleri...

REAL ESTATE

Palace Estate brokered deals valued at 10 million Euro last year

2017-02-02 15:21:04
Real estate brokerage and consultancy company Palace Estate brokered real estate deals valued at 10 million Euro in 2016, a press release shows.

REAL ESTATE

Forte Partners to start second phase of The Bridge office project

2017-02-01 16:51:16
Local real estate developer Forte Partners will start building the second phase of The Bridge office project this year, according to Geo Margescu, managing partner of the company.

REAL ESTATE

Modern retail stock outside Bucharest reached 2.3 million sqm, says DTZ

2017-01-26 15:38:35
At the end of 2016, the modern retail stock outside Bucharest reached 2.3 million sqm. Shopping centres account for about 60 per cent, while retail parks and commercial galleries represent 34 pe...

REAL ESTATE

Immofinanz launches its myhive office concept in Romania

2017-01-26 14:11:20
Immofinanz, one of the most important real estate investors in Romania, introduces its office brand myhive to the local market, to be implemented in five of its class A office buildings in Bucha...

REAL ESTATE

Office transactions outside Bucharest increased by 53 per cent last year, says ESOP

2017-01-25 11:48:02
Office space transactions outside Bucharest have increased by 53 per cent last year, reaching a total volume of 71,560 sqm, according to a report released by ESOP Consulting.

REAL ESTATE

Industrial spaces demand has reached historic high in 2016, says JLL

2017-01-23 14:32:36
Demand of industrial and logistics spaces grew last year by 50 per cent to over 460,000 square meters, recording the highest level in the history of the Romanian market, according to JLL Romania...

REAL ESTATE

Dentons advises CPI Property Group on CEE retail portfolio acquisition

2017-01-19 09:51:46
Dentons advised CPI Property Group on the acquisition of a portfolio of 11 retail properties from CBRE Global Investors, including six major regional shopping centres, in Romania, the Czech Repu...

REAL ESTATE

Colliers International advises the sale of Construdava office building in Bucharest

2017-01-12 13:41:15
Aberdeen Asset Management Deutschland AG signed a sale agreement of Construdava building in Bucharest to AdamAmerica, the third transaction in which Aberdeen Asset Management Deutschland AG was ...

REAL ESTATE

Competition to increase on new office spaces market in 2017, says ESOP

2017-01-09 15:09:17
2016 was a good year for the office market in Bucharest, after five years of low delivery annual rates and recording a historic low in 2015 with 85,000 sqm, according to data from ESOP Consultin...

REAL ESTATE

RE/MAX opens new office in Sibiu

2016-12-15 14:54:14
RE/MAX Romania, local branch of RE/MAX global real estate network, announced the opening of its third office in Sibiu, reaching a total of 22 units in the country, according to a press release....

REAL ESTATE

Reynaers: 20 per cent of newly built homes in Romania are using premium aluminum joinery

2016-12-15 11:21:55
One out of five new homes in Romania is equipped with premium aluminum joinery, according to data from Reynaers Aluminium Romania, local branch of an European company specialised in developing s...

REAL ESTATE

Vitalis Consulting estimates a turnover of 2.5 million Euro for 2016

2016-12-14 16:43:28
Vitalis Consulting, a Romanian company specializing in project and cost management for the construction industry, estimates a turnover of 2.5 million Euro for 2016, registering a 25% year-on-yea...

REAL ESTATE

Immofinanz leases 16,000 sqm of its Bucharest office portfolio

2016-12-13 12:03:43
Immofinanz, one of the important real estate investors in Romania, has signed since June 2016 new partnerships and extensions of agreements with tenants in the local office sector, accounting fo...

REAL ESTATE

Colliers: Romanian retail market is becoming more attractive for new fashion brands

2016-11-29 12:30:01
The retail market in Romania has seen a high volume of new supply in 2016 and the entry of new brands, which opened their first stores both in shopping centres already established and projects r...

REAL ESTATE

AFI Europe Romania achieved a net operating income of more than 34 million Euro after Q3

2016-11-22 15:26:31
AFI Europe Romania published its Q3 and first nine months of 2016 financial results, generating a Net Operating Income (NOI) from its income producing assets in Romania of 12 million Euro in Q3 ...

REAL ESTATE

CTP starts new building in CTPark Bucharest West

2016-11-07 16:19:28
CTP, one of the largest investors and developers of logistics projects in Romania, announces a new building in the CTPark Bucharest West, with an area of 60,000 sqm, following an investment of 3...

REAL ESTATE

Singaporean fund GIC takes over P3 on the biggest real estate deal this year in Europe

2016-11-07 13:30:16
The Singaporean sovereign wealth fund GIC will buy P3 Logistics Parks, which has investments in Romania, following a deal worth 2.4 billion Euro, the biggest real estate deal in Europe this year...

REAL ESTATE

Colliers: Sectors 2 and 3 host 40 per cent of retail stock in Bucharest

2016-11-02 15:31:36
Modern retail stock in Bucharest has increased to 1.16 million sqm following the opening of Veranda Mall, according to data from real estate consultancy Colliers International. Around 40 per cen...

REAL ESTATE

JLL: Property investment volume in H1 2016 is estimated at 340 million Euro

2016-11-01 14:52:23
The property investment volume in Romania in the first half of 2016 is estimated at 340 million Euro, a value 80 per cent higher than that registered in the same period of 2015 (187 million Euro...

REAL ESTATE

CBRE: 300,000 sqm of office space to be delivered this year in Bucharest

2016-10-26 10:24:08
Over 294,000 sqm of class A office space will be delivered this year on Bucharest, on 16 real estate projects, according to a CBRE research.

REAL ESTATE

British investment fund to develop new residential project in Romania

2016-10-25 13:52:25
British Romanian Investment Partnership, part of the British investment fund ARDC (UK) Ltd announces the release of their second residential project developed in Romania, New Residence Bucharest...

REAL ESTATE

New tenants for Prima Shops Oradea

2016-10-24 12:59:24
Oasis Retail Consulting & Development, developer of Prima Shops in Oradea, announces new tenants for the retail park project: Deichmann and Pepco. Both retailers have rented an area of 500 sqm a...

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In the light of the new National Strategy currently being debated, where Romania faces new challenges regarding the energy market, The Diplomat - Bucharest organized in late November the "Investments for ensuri...

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Romania is not inch-perfect, but it still counts as a good destination on the foreign investor's map, as confirmed by the Czech community present at the second edition of the roundtable "Czech Investments in Ro...