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

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

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

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

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

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

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

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

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’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

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

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

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

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

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

Bucharest, October 2018: Arena Mall shopping center in Bacau, a reference for the retail market in the Moldova region, will enter into a comprehensive extension and modernization process that will result in a 60% increase of its leaseable area and in the construction of a multi-storey car park. Arena Mall acquired a land of 13,448 … Continued

Bucharest, October 2018: Companies in Bucharest that operate in modern office buildings have monthly occupancy costs ranging between 175 and 500 euros per employee, according to an analysis of Cushman & Wakefield Echinox real estate consultancy firm. The analysis takes into account rental costs, service charges, operational costs (water, electricity, internet, consumables, cleaning, reception), as well … Continued

Bucharest, September 27, 2018:  The land in Bucharest continued to attract the interest of real estate developers this year, considering that in the first nine months of 2018, lots of a total surface of over 60 hectares can be developed for around 8,000 dwellings, 180,000 sq. m. of offices and commercial spaces, according to an … Continued

Bucharest, September 13, 2018: The office stock in the major regional cities – Cluj-Napoca, Timisoara, Iasi and Brasov – has doubled over the past five years and will continue to grow at an accelerated pace, being expected to exceed the 1 million sq m threshold in 2019, according to the Cushman & Wakefield Echinox Office … Continued

From an economic standpoint, Romania is currently witnessing one of the best periods in recent history: the Gross Domestic Product (GDP) has entered the eighth consecutive year of growth, the number of employees and wages are rising from one month to another, with the biggest threat to the new investment projects being the labor shortage. … Continued

Bucharest, September 2018: The Property Management Department of Cushman & Wakefield Echinox has expanded its service line by creating the first training academy in Romania, called Drawing Business Value Academy, dedicated to retail and office buildings occupiers, in partnership with DBV Management & Training, a training and consulting company. The aim of the academy is to … Continued

Bucharest, August 2018: The number of employees in Class A and B office buildings in Bucharest has reached about 253,000 at the end of the first semester of 2018, a slight increase compared to the end of 2017. In H1 2018, the number of employees working in companies with headquarters in modern office buildings in … Continued

8 million sq m of new shopping centre space was delivered to the market in 2017, 23% less than in 2016 Total European shopping centre floorspace stood at 166.5 million sq m at the start of 2018, up 2.3% on 12 months previously Development pipeline shows 6.6 million sq m set to complete during 2018 … Continued