Bucharest, February 2021: 2020 was an year characterized by increased activity in regional cities in terms of commercial centers deliveries, but the delivery volume of new spaces will reduce strongly this year, according to the real estate consulting company Cushman & Wakefield Echinox. In total, new commercial spaces with a cumulative area of ​​about 126,000 … Continued

Bucharest, January 2021: In 2020, the total volume invested in real estate assets in Romania reached €914 million, a 28% increase compared 2019, illustrating the overall resiliency of the Romanian investment market during the Covid-19 pandemic, according to the Romania Investment Marketbeat launched by Cushman & Wakefield Echinox real estate consultancy firm. The most active segment … Continued

Bucharest, January 2021: The real estate consulting company Cushman & Wakefield Echinox has been appointed to manage Floreasca Park office project located in the Floreasca – Barbu Văcărescu area in the north of Bucharest, the largest business hub in the Capital. Cushman & Wakefield Echinox will have responsibilities in the management of the daily administrative-operational activity … Continued

Bucharest, December 2020: The fashion brand Sinsay, part of the LPP Fashion group, has opened a mono-brand store in Botoşani within the Uvertura Mall shopping center, a transaction intermediated by the real estate consulting company Cushman & Wakefield Echinox. The Polish group has been present on the local market since 2007 and owns 77 stores in … Continued

• COVID-19 has had a very rapid and drastic impact on the Romanian hotel sector. According to a previous survey performed in April – May 2020, 64% of hotels were already impacted within the last week of February. Together with the impact of COVID-19 on the bottom line of hotels, more employees are expected to … Continued

Bucharest, December 2020: The real estate consulting company Cushman & Wakefield Echinox has advised the online retailer eMAG on the DEKRA Trusted Facility audit and certification process, which represents a confirmation that the safety measures against Covid-19 that the company has undertaken at its warehouses, showrooms and offices in Bucharest and Giurgiu county are implemented properly … Continued

Bucharest, December 2020: The fashion brand MARC O’POLO, present in over 2,000 point of sales in 37 countries, opens the fourth mono-brand store in Romania in the AFI Palace Cotroceni shopping center in Bucharest, a transaction intermediated by the real estate consulting company Cushman & Wakefield Echinox. MARC O’POLO is a brand founded over 50 … Continued

Bucharest, December 2020: The real estate consulting company Cushman & Wakefield Echinox advised Mitiska REIM to sell a property in Braşov to the French DIY retailer Leroy Merlin, which thus continues its expansion plans on the local market. Mitiska, a Belgian investor specialized in the development and management of retail parks, has 21 operational projects … Continued

Bucharest, December 2020: The real estate consulting company Cushman & Wakefield Echinox has been appointed to manage the Ţiriac Tower office building, one of the emblematic buildings situated in the business center of Bucharest (Central Business District), starting with October. As a result, Cushman & Wakefield Echinox will be responsible of the management of daily … Continued

Bucharest, December 2020: The occupancy costs of office spaces represent, on average, between 3 and 4% of the turnover of services companies in Bucharest, and they may fall even below 2%, in some cases, according to an analysis of the real estate consultancy company Cushman & Wakefield Echinox. The analysis takes into account the results … Continued

Bucharest, November 2020: The pharmaceutical company Fildas recently leased a warehouse with an area of ​​3,400 square meters and 400 square meters of offices for their regional distribution operations in Brasov, in the project that will be developed by VGP in the western part of the city. The transaction was intermediated by the real estate … Continued

Bucharest, November 2020: PUPA, the Italian cosmetics brand present in Romania since 2015 through a network of six stores located in four cities, opens three new stores in the AFI Palace Cotroceni shopping center in Bucharest, AFI Palace Ploieşti and AFI Palace Braşov, following a lease agreement intermediated by the real estate consulting company Cushman & … Continued

Bucharest, November 2020: The Tei Group, which includes the Farmacia Tei network of pharmacies and Bebe Tei stores, leased a space of approximately 10,000 square meters in the Metav industrial park in northern Bucharest, to build a semi-automatic warehouse, a transaction intermediated by the real estate consulting company Cushman & Wakefield Echinox. Metav will build a … Continued

Bucharest, November 2020: Agroland, the network stores specialized in selling agricultural products, established in 1997 in Timișoara, inaugurated the first Agroland MEGA unit in Bucharest and the largest store in the network within the Penny Center project in the Fundeni district of Bucharest, a transaction intermediated by the real estate company Cushman & Wakefield Echinox. … Continued

Bucharest, November 2020: The Romanian logistics market will have a record demand in 2020, with a transactional volume exceeding the 700,000 square meters threshold, amid the accelerated development of ecommerce and the positioning of Bucharest as a regional logistics hub for a series of international retailers, according to the data of the real estate consulting … Continued

Bucharest, November 2020: The office market in Bucharest continues to grow, in the first nine months of the year being delivered new spaces with a total area of ​​124,000 square meters, while developers have in various phases of construction buildings with a cumulative area of ​​388,000 square meters, according to real estate consulting company Cushman … Continued

Bucharest, November 2020: The stock of modern retail spaces in Romania has exceeded the level of 4 million square meters after the latest deliveries of shopping centers, but the market development pace will slow down in the next period, according to real estate consulting company Cushman & Wakefield Echinox. In the last three months, two … Continued

Bucharest, October 2020: Cushman & Wakefield Echinox continues to consolidate its Land & Industrial department by recruiting Ștefan Surcel and closes a new transaction with Sameday, this being the second leasing contract intermediated for the courier company in recent months. With four years of experience in the real estate market, Ștefan Surcel joined the Cushman … Continued

Bucharest, October 2020: Half of the employees who normally work in office buildings continued to work mainly from home even after the state of emergency was lifted, despite the fact that, during the summer, most companies began to bring back their employees partially or through rotation in the office spaces, as shown by a research study … Continued

Bucharest, October 2020: The valuation department of the real estate consulting company Cushman & Wakefield Echinox will appraise by the end of 2020 properties with a total value between 4.2 and 4.5 billion euros, with a slightly higher increase than the previous year. The positive results come as an outcome due to the business model … Continued

Bucharest, October 2020: The Râul Doamnei – Eroilor section of the M5 metro line, inaugurated in September, will shorten the travelling time for 150,000 Bucharest inhabitants who live near the 10 newly built stations, also offering a quick travel alternative for almost 20,000 employees working in companies whose office buildings’ headquarters are located in the … Continued

Bucharest, September 2020: The Little Genius private school rented a historical monument villa located on Kiseleff Boulevard in Bucharest in order to meet the social distancing requirements imposed by the authorities, the transaction being intermediated by the real estate consulting company Cushman & Wakefield Echinox. Since the beginning of the pandemic, this is only one … Continued

Bucharest, September 2020: Approximately 1.22 million new residencies were built in Romania between 1990 and 2019, representing only 13.4% of the total dwellings stock calculated by the National Institute of Statistics, so the residential stock is mainly composed of apartments built under the communist regime, having a low degree of comfort in most cases, according … Continued

Bucharest, September 2020: HARTMANN, the German company with over 200 years of tradition in the research and development of medical products, moves its office in Bucharest within the IRIDE Park project owned by Immofinanz. HARTMANN leased a 500 square meters workspace in the myhive IRIDE | nineteen office building, the transaction being brokered by the real estate … Continued