Bucharest, October 2024: The Cushman & Wakefield Echinox real estate consultancy company was appointed to exclusively manage the leasing strategy and process of Jumbo Center in Bucharest, a Jumbo anchored and partially owned modern retail destination for the whole family. Jumbo Center offering 25,700 sq. m of retail spaces will be following the Jumbo philosophy, … Continued

Bucharest, October 2024: The total stock of industrial and logistics spaces in Romania could reach the 8 million sq. m threshold at the end of 2025, if the recent annual development pace of ~500,000 sq. m is maintained. As of mid-year, over 7.125 million sq. m were operational nationwide, with more than 50% of these … Continued

Bucharest, October 2024: The real estate and construction sector attracted approximately €2.2 billion of foreign direct investments (FDI) in 2023, as the share of this economic activity in the overall FDI stock stood at 17.5% at the end of 2023, according to data from the National Bank of Romania analyzed by the Cushman & Wakefield … Continued

The office occupancy costs in Bucharest have increased by approximately 10% over the past two years, being driven by the growth in operational costs and by the rent indexations in a period with high inflation. The most significant factors impacting operational costs have been the rise in the minimum wage and the increased return of … Continued

Bucharest, September 2024: BOGNER, the renowned German fashion company specializing in athluxury sports fashion, globally active and represented in over 50 countries, is expanding into the Romanian market by opening its first store in the country within the shopping gallery The Grand Avenue, located on the ground floor of JW Marriott Bucharest Grand Hotel. The … Continued

Bucharest, September 2024: NewCold, one of the largest automated and cold chain international logistics companies, has entered the Romanian market through a 9-hectare land plot acquisition from the Belgian developer WDP, in the Northern part of Bucharest, in the proximity of the A0 ring road. The transaction was brokered by the Cushman & Wakefield Echinox … Continued

Bucharest, September 2024: The net office take-up in Bucharest across Q2 exceeded the renewal and renegociation transactional volume for the first time during the last two years, with a positive impact on the average vacancy rate, given that no new office projects were delivered in H1, according to data from the Cushman & Wakefield Echinox … Continued

Bucharest, August 2024: Retail projects totaling more than 87,000 sq. m were delivered throughout H1 2024, corresponding to a sharp increase when compared with the 30,000 sq. m new supply from the same period of 2023. This year’s evolution was mainly fueled by the second quarter completions, according to data from the Cushman & Wakefield … Continued

Bucharest, August 2024: The demand on the Bucharest hotel market in the first half of the year compared to the same period of 2023 had experience an increase of 3%, however, it remained below the 2019 level, according to data from the real estate consulting company Cushman & Wakefield Cushman & Wakefield. Moving forward, according … Continued

The real estate developer AFI Europe has acquired the myhive Victoriei building on Calea Victoriei from the Austrian commercial real estate group Immofinanz. The transaction, valued at approximately 27 million euros, was facilitated by Cushman & Wakefield Echinox & Colliers International. Completed in 1998, myhive Victoriei holds the distinction of being the first modern office … Continued

Bucharest, August 2024: The Cushman & Wakefield Echinox real estate consultancy company advised Infineon Technologies in a 20,000 sq. m office pre-lease transaction in Bucharest, the largest such transaction in a yet to be developed office building signed in Romania in the last five years. Moreover, the transaction sets a record in terms of total … Continued

Bucharest, August 2024: Romania recorded a 131% y-o-y growth of the real estate transaction volume during H1 2024, reaching a level of €418 million, corresponding to the highest growth rate in the Central and Eastern Europe (CEE). This significant evolution places Romania 3rd in the region, following Poland and Czechia, surpassing Hungary and Slovakia. The … Continued

Bucharest, August 2024: Companies leased 410,500 sq. m of industrial & logistics spaces in H1, a total which reflects a 25% drop when compared with H1 2023. However, the new demand had a share of 52% in the overall leasing volume in the same period (213,500 sq. m), more than double vs. the new supply, … Continued

Bucharest, July 2024: Cushman & Wakefield Echinox is pleased to announce that four local businesses – Sciccheria, Steam, Velocita, and French Revolution – are the newest tenants within the boutique office building Arghezi 4, located in the heart of Bucharest, near University Square. The Italian restaurant Sciccheria, the coffee shop chain Steam, the artisanal gelateria … Continued

Bucharest, July 2024: Personal development and nutrition workshops, massage sessions and multisensory experiences such as cheese or ice cream tastings organized by office building landlords are highly appreciated by employees. These initiatives aim to create a work environment which encourages a gradual return to offices. The budget allocated for these actions can reach up to … Continued

Bucharest, July 2024: Crane ChemPharma & Energy, a global industrial manufacturer and subsidiary of Crane Company, secured a lease for 3,000 square meters of production space within Industra Park Arad in Romania, developed by Oresa Industra. This initiative, facilitated by the real estate consultancy firm Cushman & Wakefield Echinox, strengthens Crane ChemPharma & Energy’s manufacturing … Continued

Bucharest, July 2024: Romanians spent €36 billion in large retail chains, an amount 11% higher compared with 2022, out of which the FMCG spending accounted for €22.5 billion euros (more than 60% share), according to the Romania Retail Snapshot 2024 performed by the Cushman & Wakefield Echinox real estate consultancy company, based on the financial … Continued

Bucharest, June 2024:  Romanians spent €63 million in cinemas last year, an amount 25% higher compared with 2022, as ticket prices also recorded a 8.2% y-o-y increase, according to the data offered by the Romanian Film Center and analyzed by the Cushman & Wakefield Echinox real estate consultancy company. The total number of tickets sold … Continued

Bucharest, June 2024: The Mobile Vet and Mobile Pet veterinary clinic and pharmacy network opens its 4th clinic in Bucharets within One Cotroceni Park, following an investment of approximately €500,000, according to the Cushman & Wakefield Echinox real estate consultancy company, who brokered the leasing transaction for the space owned by One United Properties. The … Continued

Bucharest, June 2024: Cushman & Wakefield Echinox appointed Cristina Lupașcu as Head of Marketing. Cristina joined Cushman & Wakefield Echinox in 2021 as Director PR & Research, being responsible for assisting both the PR & Marketing and Reserch departments. She has more than 20 years of experience in media and real estate. In her new … Continued

Bucharest, June 2024: Leroy Merlin, the second-largest DIY retailer in Romania by turnover, leased a 9,000 sq. m space within Pitesti Shopping Park, developed by Square 7 Properties, through a transaction brokered by the Cushman & Wakefield Echinox real estate consultancy company. The unit in Pitesti is due to open in autumn when the delivery … Continued

Cushman & Wakefield Echinox closed 2023 with a revenue of over €12 million, marking a 15% increase compared with 2022, in a year marked by a stagnation of this particular business segment. The company’s growth drivers included both its brokerage service business lines – offices, retail, industrial and capital markets – and also its professional … Continued

Bucharest, May 2024: Cushman & Wakefield Echinox coordinated the LEED certification process for Globalworth Tower Center International (TCI), one of the most iconic buildings in Bucharest, serving more than 2,000 occupants. The certification, granted by the U.S. Green Building Council, recognizes the implementation of measures to create a healthy, energy and cost-efficient workspace. Globalworth Tower … Continued

Bucharest, May 2024: The retail market in Romania had a slow start this year in terms of development activity. However, a consistent recovery is expected for the rest of the year, as projects totaling approximately 120,000 sq. m are scheduled to be completed in the coming months, according to data from the Cushman & Wakefield … Continued