C&W ECHINOX TAKES OVER THE MANAGEMENT OF ETHOS HOUSE IN BUCHAREST

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Bucharest, March 2019: The Cushman & Wakefield Echinox real estate consultancy company was appointed to manage the Ethos House office building, situated in the Floreasca area, in Bucharest. This is the second mandate for the management of an office building by CWEchinox in 2019, the Asset Services department being therefore responsible for managing the day-to-day operations … Continued

MUSEUM OF SENSES – A WORLD THAT AMPLIFIES ALL SENSES – OPENS IN CONSTANŢA

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Friday, March 29, Museum of Senses will open for the public in Mall Vivo! Constanţa, where its 11 already famous rooms will offer surprises to all those who will visit the location. Museum of Senses is the first private museum in Constanţa, having the city itself as a representative element, therefore also being the first personalized … museum. … Continued

CUSHMAN & WAKEFIELD ECHINOX STRENGTHENS ITS RESEARCH DEPARTMENT BY PROMOTING VLAD SĂFTOIU

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Bucharest, March 2019: Cushman & Wakefield Echinox strengthens its Research Department by promoting Vlad Săftoiu as Research Analyst. Vlad joined the team in September 2017 as Junior Researcher. With an international academic background, holding an MA International Security degree from the University of Warwick, while also having a BA International Relations diploma from the University … Continued

C&W ECHINOX TAKES OVER THE MANAGEMENT OF ONE VICTORIEI CENTER IN BUCHAREST

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Bucharest, March 2019: The real estate consultancy company Cushman & Wakefield Echinox was appointed to manage One Victoriei Center office building in Bucharest (former Bucharest Corporate Center), a representative business center located in the business center area of the Capital (CBD). Cushman & Wakefield Echinox will be responsible for managing the day-to-day operations of the building … Continued

THE LOCAL REAL ESTATE MARKET IS IN THE SIGHT OF ASIAN INVESTORS AS PART OF THE MATURING PROCESS AND OF THE INVESTMENT CAPITAL DIVERSIFICATION

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Bucharest, March 2019: The local real estate market has begun to attract the attention of major Asian investors, as groups from China and South Korea are exploring the potential to invest directly in the primary commercial markets. It is feasible that the first transaction could occur by the end of this year, according to Cushman & … Continued

DEVELOPERS WILL DELIVER AROUND 1.2 MILLION SQUARE METERS OF INDUSTRIAL, RETAIL AND OFFICE SPACES IN 2019, A NEW RECORD FOR THE LOCAL MARKET

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Bucharest, February 2019: The local real estate market has entered a new year of development on all its major segments, as investors plan to deliver industrial, retail and office spaces with a cumulated area of ​​1.2 million square meters, a new market record. In comparison, new spaces of around 850,000 square meters were delivered in 2018, … Continued

AN RECORD PENTRU TRANZACȚIILE CU BIROURI, 20 DE CLĂDIRI DE 500 DE MILIOANE DE EURO ȘI-AU SCHIMBAT PROPRIETARII

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București, ianuarie 2019: Tranzacțiile cu imobile de birouri au atins în 2018 un nivel record pentru ultimul deceniu, doar în București fiind achiziționate un număr de 20 de imobile cu o suprafață închiriabilă cumulată de 220.000 de metri pătrați și o valoare de peste 500 de milioane de euro, potrivit raportului România Investment Marketbeat, realizat de … Continued

LAND TRANSACTIONS IN BUCHAREST REACH A NEW RECORD. DEVELOPERS RAISE THE BET ON MIXED USE PROJECTS

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Bucharest, February 2019: Developers and real estate investors completed land acquisitions with a cumulative value of around 245 million euros last year in Bucharest, a new record for the past ten years, according to the Cushman & Wakefield Echinox real estate consultancy firm which has monitored 31 medium and large transactions. Compared to the previous year, … Continued

ALEXANDRU MITRACHE BECOMES HEAD OF TRANSACTIONS – LAND & INVESTMENT

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Bucharest, February 2019: Cushman & Wakefield Echinox strengthens its Capital Markets team by promoting Alexandru Mitrache as Head of Transactions – Land & Investment. Alexandru Mitrache has been the Head of Land Development department within the company for the past three years, offering consultancy for the development and disposal of commercial land. Alexandru holds an … Continued

THE WEWORK EFFECT ON FLEXIBLE WORKSPACE IN THE UK REGIONS

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With more than ten years on from when the term “coworking” was first identified as a trend by Google’s search database, the UK Flexible Workspace market saw its greatest growth in the last two years with the UK’s regional cities being no exception. 2018 was a year of continued growth, which also saw the opening … Continued

COLOSSEUM EXTENSION, THE MOST IMPORTANT RETAIL DEVELOPMENT IN BUCHAREST DURING THE LAST THREE YEARS

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Bucharest, January 2019: The Colosseum commercial center in the north-western part of Bucharest, whose extension is on the way as terms have been reached with the general contractor and the construction works have started. Colosseum Mall represents the most important retail development in Bucharest during the last three years, a period during which the purchasing … Continued

PROPERTY MANAGEMENT TRANSFORMS INTO “PEOPLE MANAGEMENT”

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The main trends in the new paradigm of the real estate market are the “digitization” of shopping centers through an omnichannel approach and the development of a community feeling within business centers. These also represent the biggest challenges for the management of retail and office space. As soon as you enter a shopping center, you … Continued

WHY INVEST IN ROMANIA? THE TIMES INVESTING IN PROPERTY INTERVIEW WITH MIHNEA ŞERBĂNESCU

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The Times – Investing in Property, a business magazine dedicated to the real estate market, was published in 2018 and includes the most important players in the market, interviews, case studies, trends and key reasons to invest in Romania. Here is a part of the interview with Mihnea Şerbănescu, General Manager Cushman & Wakefield Echinox. The Times – Investing in Property: For … Continued

LARGE RETAILERS MANAGED TO KEEP THEIR TURNOVER GROWTH AT 12%, DOUBLE THE SIZE OF NATIONAL CONSUMPTION GROWTH

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Bucharest, January 2019: Large retail chains operating mainly in shopping centers maintained an average growth rate of 12% in 2018, similar to 2017 and double the advance in consumption, which increased by 5.9% during the first ten months of the year, according to the second edition of Retailers’ METRICS study by Cushman & Wakefield Echinox,. … Continued

MCDONALD’S ENTERS BRĂILA MARKET BY OPENING A DRIVE-THROUGH UNIT WITHIN PENNY RETAIL PARK

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Bucharest, December 2018: McDonald’s, the largest local fast food restaurant operator, enters Braila market by opening a drive-through unit located within Penny Retail Park, developed by REWE Group by remodelling a former XXL unit. The new McDonald’s restaurant will have an area of ​​almost 360 square meters and will be situated on a land plot of … Continued

SPORTISIMO OPENS ITS 16TH STORE IN ROMANIA AT BOTOSANI SHOPPING CENTER

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Bucharest, December 2018: Sportisimo, an important sports retailer founded almost 20 years ago in the Czech Republic, present on the local market since 2015, will open a new store at Botosani Shopping Center, a transaction brokered by Cushman & Wakefield Echinox real estate consultancy firm. The Botosani store will open by the end of the … Continued

THE VALUE OF TRANSACTIONS IN THE LOCAL REAL ESTATE MARKET EXCEEDED 4 BILLION EUROS DURING THE PAST FIVE YEARS

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Bucharest, December 2018: Deals of over 4 billion euros have been signed during the last five years on the Romanian real estate market, with the most active buyers being investors from South Africa, with a market share of 28%, followed by Greek investors (14%), French (10%) and Romanians (7%), according to an analysis by Cushman … Continued

EUROMONEY NAMES CUSHMAN & WAKEFIELD WORLD’S NO. 1 CRE ADVISOR

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Euromoney’s 2018 Real Estate Survey named Cushman & Wakefield the world’s No. 1 overall commercial real estate advisor and consultant. Cushman & Wakefield, the international real estate advisory firm present globally in over 70 countries, was also named the top advisor and consultant in Asia, Central and Eastern Europe, North America and China, in addition to … Continued

JAPANESE RETAILER MINISO OPENS ITS FIRST HIGH STREET STORE IN BUCHAREST, IN PIATA ROMANA

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Bucharest, November 2018: The Japanese retailer Miniso, specialised in the selling of a wide range of accessories, will open its first high street store in Romania in Piata Romana, one of the most important commercial areas in Bucharest, on November 29th. Miniso leased a space of 125 square meters on Magheru Boulevard, the transaction being … Continued

CRISTI MOGA NAMED NEW HEAD OF RESEARCH DEPARTMENT

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Cushman & Wakefield Echinox announces the promotion of Cristi Moga as Head of Research Department. Cristi joined Cushman & Wakefield Echinox (CWE) in October 2015, acquiring expertise in research and analysis in retail, residential, office, industrial and hospitality segments. During the last three years, Cristi was involved in more than 40 customized studies, delivering strategic … Continued

90% OF INDUSTRIAL AND LOGISTICS STOCK IS CONDENSED IN CITIES WITH HIGHWAY ACCESS

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Bucharest, November 8, 2018: Romania’s industrial and logistics market is currently benefitting from its best period in history, both in terms of supply and demand, with development being condensed in a number of large cities with access to at least one highway that facilitates the transport and distribution of goods in a shorter time and … Continued

EIGHT THINGS THAT MAKE OFFICE SPACES GREENER AND HEALTHIER

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1. Air quality and ventilation A well-ventilated space can double the cognitive capabilities of those working in it. 2. Right temperature An overheated office can reduce employee output by 6%, while a space which is too cold can take off 4%. 3. Natural light and lighting According to a study into office lighting, employees working … Continued

BUCHAREST HOTELS RECORDED THE HIGHEST INCREASE IN THE NUMBER OF OVERNIGHT STAYS IN CEE, OVER 10% PER YEAR

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Bucharest, October 2018: The Central and Eastern European (CEE) hospitality market is showing a positive evolution, with all the performance indicators higher than in the previous year. Between 2013 and 2017, Bucharest stands out with an average increase of overnight stays of 10.1% per year, the highest in the region, according to the real estate … Continued

HOW MILLENNIALS WANT TO WORK

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18Oct Let’s begin by looking at the world through the eyes of an interior designer from the millennial generation reporting from her journey to the near future. “It‘s half past eight in the morning and the first workers are arriving at their comfortably furnished workstations, vitamin boosters in one hand and their smartphones in the … Continued