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

Bucharest, September 2020: The recent transactions closed in the last weeks, with a total value of 400 million euros, demonstrate that the investment market in Romania remains strong and attractive even in the Covid-19 pandemic period, Romania no longer being just seen as just a fringe market of Central Europe, according to Cushman & Wakefield … Continued

Bucharest, August 2020: The office market in Bucharest and in the major regional cities – Cluj-Napoca, Timișoara, Iași and Brașov – continues to develop, with local and foreign investors having projects under construction or scheduled for delivery with an area of approximately 500,000 square meters that will be put into use in the next 16 months, … Continued

Bucharest, August 2020: The delivery company Sameday continues its expansion in Romania in the context of a continuing growing market, by leasing a space with an area of ​​approximately 1,200 square meters in Tunari, near Bucharest, a transaction intermediated by the industrial department of Cushman & Wakefield Echinox. The industrial and logistics market was the most … Continued

The COVID-19 had a very rapid and drastic impact on the Romanian hotel sector. According to the industry survey*, 64% of hotels were already impacted within the last week of February, when the virus was confirmed to have reached Romania. With the state of emergency having been declared on the 14th of March, the number of … Continued

Bucharest, July 2020: Calea Victoriei in Bucharest, the 2.8-kilometer-long artery between Piața Victoriei and Piața Națiunilor Unite, will continue to grow as an office and hotel hub in the upcoming years, with developers planning to build seven new office buildings and six hotels as the total investment could exceed the 300 million euros threshold, according … Continued

Bucharest, July 2020: The modern retail stock in Romania, consisting of shopping centers, retail parks and commercial galleries with a leasable area of ​​at least 5,000 square meters, has reached 3.96 million square meters and will exceed the 4 million sq m threshold until the end of the year, according to Bucharest Retail Market and Retail … Continued

Bucharest, July 2020: The top 50 largest technology companies in Romania, which realise software and digital solutions for group companies or for third parties, have increased in the last ten years by approximately four times the turnover and teams in Romania, reaching a cumulative turnover of 3 billion euros and over 50,000 employees in 2019, … Continued

Bucharest, June 2020: With the ease of travel restrictions imposed by the Covid-19 pandemic, companies begin to resume their activity in the headquarters located in office buildings, but with only 40% of employees in a first phase, according to a survey of real estate consulting company Cushman & Wakefield Echinox. Thus, if during the period … Continued

Bucharest, June 2020: The two months of isolation and the situation still fragile regarding the danger of infection with the Covid-19 virus will mark their way into the consumption behavior of Romanians, as they will be tempted to choose more outdoor activities and spending their holidays in Romania, according to a study conducted by the … Continued

The sales of apartments in the upper segment of the residential market are keeping pace, and they are not affected by the crisis caused by the Covid-19 pandemic. The current situation differs from the financial one in 2009, that hit the real estate sector strongly, as the market is now much more settled. “Construction sites … Continued

The luxury residential segment proves to be currently less affected by the COVID-19 pandemic. This was one of the conclusions of the videoconference organized by Cushman and Wakefield Echinox real estate consultancy company and the law firm Dentons Romania. “We resumed discussions with the clients interested in the acquisition of premium properties, we also received … Continued