Real estate developer Vastint, the real estate development division of IKEA, received in July the urbanism certificate to build a residential complex in the north of Bucharest. The company will develop the apartments on a 48-hectare plot acquired last year with EUR 28.8 million from the investor Teia Sponte, according to Cushman & Wakefield … Continued

  Romania-based security software company Bitdefender is renting 9,267 sqm of office space in Orhideea Towers in Bucharest for a minimum term of five years, bringing the pre-leasing rate of this project to approximately 65 percent, a press release informs. Developed by Austrian developer CA Immo and comprising 37,000 sqm of gross rentable floor space, … Continued

  Assembling a new Ford model in Craiova, Turkish Arcelik’s washing machine factory in Ulmi and the conversion of the Philip Morris cigarette factory in Otopeni will also bring other international groups to invest in Romania, Cushman & Wakefield Echinox report shows. An additional argument for attracting new investors to the production area is that … Continued

  Cushman & Wakefield Echinox consolidates its industrial department by recruiting Anamaria Tihu, a specialist with over 10 years’ experience in sales. Anamaria Tihu will act as a Senior Consultant and will be responsible for logistics and warehousing, as well as developing the company’s client portfolio. “After ten years of logistics sales, I accepted the … Continued

  Romania is second in Europe, after Turkey, on both the growth and growth potential in the Food & Beverage (F&B) sector consumption, according to a study by Cushman & Wakefield.  This includes consumption in restaurants, fast-food units, coffee shops, tea houses, and ice cream parlors.  Read more on www.romaniajournal.ro 

During the last decade, after the EU accession, the (urban) Romanians have continuously developed, becoming sophisticated consumers. In 2006, the Romanian airports traffic was 5.5 million people, while in 2016, the traffic reached 16.4 million people. This constantly increasing flow, including (despite the poor development) the roads traffic determined a permanent exchange of information that … Continued

  Amoma, one the biggest gobal online tourist reservations platforms will move its Bucharest headquarters to a new 2,300 square meters space in Globalworth Plaza. The deal was intermediated by real estate consultancy company Cushman&Wakefield Echinox. The platform has its main headquarters in Geneva, Switzerland. Read more on www.romaniajournal.ro 

    The stock of industrial and logistics spaces in Bucharest has increased about ten times between 2004 and 2017, to almost 1.2 million square meters, according to an analysis by real estate consultancy firm C&W Echinox. The evolution was mainly supported by the positive evolutions in consumption and purchasing power Read more on www.romaniajournal.ro 

  Over 1,000 premium and premium plus apartments are scheduled to be delivered in the next two years, a study by Cushman & Wakefield Echinox said. Accordingly, over 40% of premium and premium plus scheduled to be delivered within the next year have already been purchased. Cushman&Wakefield Echinox released the 2nd edition of the ‘Bucharest … Continued

“Boutique Food Hall will be the largest restaurant opened at the ground floor of an office building, and the new concept, which is a first for the local market, aims to meet the increasingly diverse and sophisticated needs of employees in Bucharest. The restaurant will benefit from the presence of some 5,000 employees in The … Continued

  Romania is on the third place in top European countries with the newest malls stock, taking into account that 82 percent of the commercial centers functional at the end of 2016 were delivered in the last 10 years, compared with a share of 38 percent at the European level, according to an analysis of … Continued

  Romania ranks third among the European countries with the newest stock of malls, with 82 percent of the commercial centers operational at end-2016, being delivered in the last 10 years, compared to only 38 percent at European level, Cushman & Wakefield survey reveals. Thus, from an existing shopping centres stock (excepting retail parks and commercial … Continued

  The land market in Bucharest recorded combined deals of 110 hectares in 2016, up 114 percent versus the previous year, while the value of the transactions gained 41 percent to EUR 127 million, according to real estate consultancy Cushman & Wakefield Echinox. Most of the demand was generated by the residential sector, as several investors … Continued

  Monica Vasile, senior broker, Office Agency, Cushman & Wakefield Echinox: “We have reached 60 percent net demand, as there are companies that have either rented more or have expanded their operations. Last year, the non-occupancy rate stood at 11 percent. By contrast, the non-occupancy rate in 2013 stood at 18 percent. In 2017, we believe … Continued

The positive economic outlook, new investors on the market and fresh projects going up for sale should see this year’s investments in real estate acquisitions go as high as EUR 1.4 billion, predicts Cushman & Wakefield Echinox. A real estate investment volume of between EUR 1.2 and 1.4 billion is something that the Romanian real … Continued

Local real estate services company DTZ Echinox has officially rebranded into Cushman & Wakefield Echinox following a global exclusive agreement. The formal affiliation follows the 2015 global merger of DTZ and Cushman & Wakefield. Local Echinox had a been a DTZ affiliate since 2002. The new affiliation and rebranding will not bring about changes in the company’s management … Continued

Almost 70% of the value of real estate transactions made in Romania in 2017 were carried out by investors from outside Europe, from countries such as Singapore, South Africa, or USA. The local real estate market saw an increasing liquidity in 2016, said Tim Wilkinson, Partner in DTZ Echinox. The yields for the “prime” properties … Continued

Almost half the modern retail surface in Bucharest is found in Sectors 3 and 6, a study by DTZ Echinox shows. The stock of modern retail in Bucharest totaled last year 1.225 million sqm, after developers completed two new commercial centers with a total GLA of around 100,000 sqm. At the end of 2016, the … Continued

  LC Waikiki, the Turkish-based global fashion retail brand, leased 1,000 sqm at Jupiter City Shopping Center in Pitesti. The deal was brokered by DTZ Echinox. The store is set to open this spring, taking the center to to full occupancy. With 750 stores in 34 countries, LC Waikiki entered the Romanian market in 2009. … Continued

  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 per cent and seven per cent from the total retail stock, according to a research conducted by real estate consultant DTZ Echinox. Read more … Continued

Deliveries of retail, logistic and office spaces stood at 956,000 square meters this year, up by 88 percent compared to 2015, marking the best year for the Romanian real estate market since 2008, a study by DTZ Echinox shows. The current year was one of significant increase in all segments of the real estate market, … Continued

H&M is to open its 52th store in Romania in Constanta, in Tomis Mall. The Swedish retailer is the fashion brand with the highest sale figures in the country. Covering a surface of over 1,900 square meters, this is the retailer’s third store in Constanta and will open on December 1. „Tomis Mall is a … Continued

Prista Oil Group has leased a storage space of 2,500 square meters within the project Equest Logistic Center held by the group East Balkan Properties, at kilometer 13 of the Bucharest – Pitesti highway, a transaction brokered by DTZ Echinox. „The niche requests are more difficult to solve and need additional investments”, says Rodica Târcavu, … Continued