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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

Bucharest, May 2020: The stock of industrial and logistics spaces in Bucharest has doubled between 2015 and 2020, the capital of Romania being the most dynamic market in the Central and Eastern European region and a logistic regional hub throughout the analyzed period, according to the real estate consulting company Cushman & Wakefield Echinox. At the … Continued

Bucharest, May 2020: The urge to “stay safe, stay home!” has received a new connotation in the last two months, after the beginning of the Covid-19 pandemic, and the first results indicate that this period puts a mark both on the appetite for real estate acquisitions, as well as on the customers’ preferences. The real estate … Continued

The social distancing in office spaces after COVID-19 involves an immediate action strategy to adapt to the new workplace normality, which is why the real estate consulting company Cushman & Wakefield Echinox has formed a multidisciplinary team to help employers prepare for the gradual return of their employees in office spaces. With a new design … Continued

Bucharest, May 2020: Bucharest and the major university centers in Romania, such as Cluj-Napoca, Timişoara, Iaşi, Braşov or Craiova, are well positioned to attract new business in the services sector, despite the Covid-19 pandemic that slowed down the transactional activity and led companies to “work” from home, according to Cushman & Wakefield Echinox real estate … Continued

Bucharest, April 2020: The saving of money and time spent in traffic are the main advantages considered by the employees of office buildings that are currently working from home, while the disadvantages mentioned are the lack of direct socialization with the colleagues, in the first place, followed by the difficulty in separating professional from personal time, … Continued

Bucharest, April 2020: The everyday personal and professional life have both been impacted by the Covid-19 pandemic in a radical and unexpected way, and the general opinion is that its influence and effects will have repercussions on how people live and work, even after the medical situation will be stabilized. The real estate consulting company Cushman … Continued

Bucharest, April 2020: The decision of the authorities to temporarily suspend the purchase of goods considered non-essential from the shopping centers affects more than 9,000 stores and each day when they are closed equals with between 15 and 20 million euros lost from unearned income, according to an analysis made by the real estate consulting company … Continued

CTP, the leading premium industrial park developer and long-term manager in Romania and Central and Eastern Europe expands its portfolio in the vicinity of Bucharest, on the A1, at Km 13, the ground zero of the industrial logistic market in Romania, buying Equest Logistic Park for approximately EUR 30 million from Forum Serdika. The Cushman … Continued

Bucharest, March 2020: The real estate consultancy company Cushman & Wakefield Echinox was commissioned to manage Mendeleev Office 5, an office building recently delivered in Bucharest downtown, by Akcent Development. This is the fourth office building that has been taken over under the management of Cushman & Wakefield Echinox, the Asset Services department being responsible … Continued

Bucharest, March 2020: The stock of industrial and logistics spaces in the local market has exceeded the 4 million square meter threshold, 90% of the total stock being concentrated in eight large cities from the southern, central and western parts of Romania, according to the Romania Industrial & Logistics Market report, made by the Cushman & … Continued