Monica Vasile, senior broker, Office Agency, Cushman & Wakefield Echinox: “We have reached 60 percent net demand, as there are companies that have either rented more or have expanded their operations. Last year, the non-occupancy rate stood at 11 percent. By contrast, the non-occupancy rate in 2013 stood at 18 percent. In 2017, we believe … Continued

The positive economic outlook, new investors on the market and fresh projects going up for sale should see this year’s investments in real estate acquisitions go as high as EUR 1.4 billion, predicts Cushman & Wakefield Echinox. A real estate investment volume of between EUR 1.2 and 1.4 billion is something that the Romanian real … Continued

Local real estate services company DTZ Echinox has officially rebranded into Cushman & Wakefield Echinox following a global exclusive agreement. The formal affiliation follows the 2015 global merger of DTZ and Cushman & Wakefield. Local Echinox had a been a DTZ affiliate since 2002. The new affiliation and rebranding will not bring about changes in the company’s management … Continued

Almost 70% of the value of real estate transactions made in Romania in 2017 were carried out by investors from outside Europe, from countries such as Singapore, South Africa, or USA. The local real estate market saw an increasing liquidity in 2016, said Tim Wilkinson, Partner in DTZ Echinox. The yields for the “prime” properties … Continued

Almost half the modern retail surface in Bucharest is found in Sectors 3 and 6, a study by DTZ Echinox shows. The stock of modern retail in Bucharest totaled last year 1.225 million sqm, after developers completed two new commercial centers with a total GLA of around 100,000 sqm. At the end of 2016, the … Continued

  LC Waikiki, the Turkish-based global fashion retail brand, leased 1,000 sqm at Jupiter City Shopping Center in Pitesti. The deal was brokered by DTZ Echinox. The store is set to open this spring, taking the center to to full occupancy. With 750 stores in 34 countries, LC Waikiki entered the Romanian market in 2009. … Continued

  At the end of 2016, the modern retail stock outside Bucharest reached 2.3 million sqm. Shopping centres account for about 60 per cent, while retail parks and commercial galleries represent 34 per cent and seven per cent from the total retail stock, according to a research conducted by real estate consultant DTZ Echinox. Read more … Continued

Deliveries of retail, logistic and office spaces stood at 956,000 square meters this year, up by 88 percent compared to 2015, marking the best year for the Romanian real estate market since 2008, a study by DTZ Echinox shows. The current year was one of significant increase in all segments of the real estate market, … Continued

H&M is to open its 52th store in Romania in Constanta, in Tomis Mall. The Swedish retailer is the fashion brand with the highest sale figures in the country. Covering a surface of over 1,900 square meters, this is the retailer’s third store in Constanta and will open on December 1. „Tomis Mall is a … Continued

Prista Oil Group has leased a storage space of 2,500 square meters within the project Equest Logistic Center held by the group East Balkan Properties, at kilometer 13 of the Bucharest – Pitesti highway, a transaction brokered by DTZ Echinox. „The niche requests are more difficult to solve and need additional investments”, says Rodica Târcavu, … Continued

DTZ Echinox was appointed by Argo Capital Property as consultant for the process of repositioning and extension of ERA Park Iasi. ERA Park Iasi is one of the largest commercial centre in the region. The centre is in the Western area of Iasi and has a catchment area of over 350,000 inhabitants, extending out of … Continued

Romanian real estate developer Primavera Development will build a shopping centre in the centre of Sibiu, on the plot of the former Simerom plant. Festival Shopping Center is set to have a 44,000 sqm rentable area and is expected to be opened in H2 2018. The investment in the mall will amount to 70 million … Continued

Shopping City Timisoara will launch soon the first Peek&Cloppenburg store in western Romania, but also other international brands, such as Reserved, House, Cropp and Sinsay. Peek& Cloppenburg has 68 stores in the origin country, Germany, and in other 50 stores in Austria and Central and Eastern Europe, and is preparing to open the fifth store … Continued

  In 2015 the volume of pre-leasing in the main regional cities was three times higher than the previous year, states a new release from DTZ Echinox. In 2015 new deliveries in major regional cities have reached the highest level ever recorded. And the demand for offices outside Bucharest 2016 is projected to reach the … Continued

Out of the stock of 8.9 million buildings from Romania, 1 million units were constructed after 1989, the North-East region being in the top of deliveries across the country. Only 11 percent of buildings stock existing in Romania can be considered new, according to an analysis of DTZ Echinox, based on the data from The National … Continued

The modern stock of industrial spaces and logistics from outside Bucharest reached 1.3 million sqm at the end of the first semester of 2016, overpassing Bucharest with almost 30 percent. Western Romania has the greatest stock outside Bucharest (33 percent), followed by the Southern zone (31 percent) and the Northern- Western region (18 percent). During … Continued

CHEP Romania, part of the Brambles group, relocated to the Floreasca Tower in Bucharest, signing a lease on 400 sqm of office space. DTZ Echinox brokered the transaction. CHEP Romania’s new headquarters will allow the company to optimize its transport routes between its main warehouse in Ploiesti and its customers. Floreasca Tower, owned by Uniqa … Continued

  The value of the transactions with land for commercial destination in Bucharest reached in the first quarter EUR 35 million, a double value compared to the same period of 2015, the largest operation being made by the Sweden’s investor Vastint, which bought 48 ha of land in Băneasa – Sisești for a mixed-use project … Continued

As consumption has been picking so has demand for space for restaurants and cafes in Bucharest, according to DTZ Echinox representatives.  The real estate consultancy says that this can be seen from the number of lease contracts for such spaces which have been closed over the past months, the new restaurant and cafe concepts introduced … Continued

In 2016 deliveries of new space will exceed 300,000 sqm, a level which will increase the stock of industrial and logistics in Romania by some 15 percent, according to data released by real estate consultancy firm DTZ Echinox. Most of it (about 190,000 sqm, 63 percent) will be delivered in Bucharest, followed by Cluj, with … Continued

In the last two years, a number of 200 apartments were completed across Bucharest premium residential locations. The highest level of supply has been delivered in Floreasca with approximately 32 per cent, followed by Herastrau area, with 25 per cent, according to latest DTZ Echinox study on premium residential market in Bucharest. When comparing these … Continued

At the end of Q4 2015, the number of employees working in Bucharest’s Class A and B office buildings has reached 204,062. The main office areas in terms of employee numbers are Pipera South (Dimitrie Pompeiu) with 38,120, closely followed by Barbu Vacarescu – Floreasca with 31,250 employees and the West area with 27,093 employees. … Continued

LC Waikiki and English Home have joined the mix of tenants already present in the shopping center Arena Mall Bacau. LC Waikiki and English Home, retailers controlled by two Turkish groups, will open stores in the coming months with a cumulative area of approximately 1,200 sqm. LC Waikiki’s new store occupies 1,000 sqm, while English … Continued

DTZ Echinox growth the valuation department with the 15-year valuation background consultant Dan Ivanov, to hold the position of senior valuer-business development within the company. Dan Ivanov holds a master in financial and capital markets analysis, being also member of RICS since 2008 and ANEVAR-The National Association of Authorised Romanian Valuers, since 2003. Previous DTZ … Continued