With industrial & logistics space take-up racing beyond consultants’ expectations this first semester, the market looks set to reach new highs by yearend. A record level of over 300,000 sqm of logistics & industrial space was leased in the first half of 2017, according to data from real estate consultancy Cushman & Wakefield Echinox.  Read more … Continued

  Modern office space in Romania’s main regional cities reached almost 700,000 sqm in the first six months of this year compared to 2.6 mln sqm in Bucharest, according to Cushman & Wakefield Echinox. The main regional cities include Cluj-Napoca, Timisoara, Iasi and Brasov. Bucharest has over 172,000 students whereas the other four cities have … Continued

  The office space available in Romania’s secondary cities, such as Cluj-Napoca, Timisoara, Iasi and Brasov will reach the 1 million threshold by the end of 2018, a Cushman & Wakefield Echinox survey said. The total office space in the cities considered reached 700,000 square meters in mid-2017, according to the survey. By contrast, Bucharest … Continued

  The Western part of Bucharest will attract 75 percent of the offices that will be delivered in the second half of this year and 50 percent of the deliveries for 2018, so that the stock from this area will increase by around 236,000 sqm, according to an analysis of the firm Cushman & Wakefield … Continued

  Central and Eastern European markets are booming and most segments of the property business are growing rapidly, thus providing an opportunity for advisory firms to expand. Jonathan Hallett, Managing Partner for Central Europe talked to Property Forum about Cushman & Wakefield’s plans for the region. Read more on www.property-forum.eu 

  The industrial and logistics real estate sector in Romania will see a record level of deliveries this year, namely about 480,000 sqm. The deliveries in the industrial sector dropped by 64% year-on-year reaching 80,000 sqm in the first six months of this year. However, they are expected to significantly increase in the second part … Continued

  The local real estate market remains dinamic and attractive for investors. The total value of real estate deals in Romania reached EUR 530 million in the first half of this year, up 43 percent from the same period in 2016, the market being supported mainly by commercial spaces transactions, C&W Echinox special report informs. … Continued

  Real estate developer Vastint, the real estate development division of IKEA, received in July the urbanism certificate to build a residential complex in the north of Bucharest. The company will develop the apartments on a 48-hectare plot acquired last year with EUR 28.8 million from the investor Teia Sponte, according to Cushman & Wakefield … Continued

  Romania-based security software company Bitdefender is renting 9,267 sqm of office space in Orhideea Towers in Bucharest for a minimum term of five years, bringing the pre-leasing rate of this project to approximately 65 percent, a press release informs. Developed by Austrian developer CA Immo and comprising 37,000 sqm of gross rentable floor space, … Continued

  Assembling a new Ford model in Craiova, Turkish Arcelik’s washing machine factory in Ulmi and the conversion of the Philip Morris cigarette factory in Otopeni will also bring other international groups to invest in Romania, Cushman & Wakefield Echinox report shows. An additional argument for attracting new investors to the production area is that … Continued

  Cushman & Wakefield Echinox consolidates its industrial department by recruiting Anamaria Tihu, a specialist with over 10 years’ experience in sales. Anamaria Tihu will act as a Senior Consultant and will be responsible for logistics and warehousing, as well as developing the company’s client portfolio. “After ten years of logistics sales, I accepted the … Continued

  Romania is second in Europe, after Turkey, on both the growth and growth potential in the Food & Beverage (F&B) sector consumption, according to a study by Cushman & Wakefield.  This includes consumption in restaurants, fast-food units, coffee shops, tea houses, and ice cream parlors.  Read more on www.romaniajournal.ro 

During the last decade, after the EU accession, the (urban) Romanians have continuously developed, becoming sophisticated consumers. In 2006, the Romanian airports traffic was 5.5 million people, while in 2016, the traffic reached 16.4 million people. This constantly increasing flow, including (despite the poor development) the roads traffic determined a permanent exchange of information that … Continued

  Amoma, one the biggest gobal online tourist reservations platforms will move its Bucharest headquarters to a new 2,300 square meters space in Globalworth Plaza. The deal was intermediated by real estate consultancy company Cushman&Wakefield Echinox. The platform has its main headquarters in Geneva, Switzerland. Read more on www.romaniajournal.ro 

    The stock of industrial and logistics spaces in Bucharest has increased about ten times between 2004 and 2017, to almost 1.2 million square meters, according to an analysis by real estate consultancy firm C&W Echinox. The evolution was mainly supported by the positive evolutions in consumption and purchasing power Read more on www.romaniajournal.ro 

  Over 1,000 premium and premium plus apartments are scheduled to be delivered in the next two years, a study by Cushman & Wakefield Echinox said. Accordingly, over 40% of premium and premium plus scheduled to be delivered within the next year have already been purchased. Cushman&Wakefield Echinox released the 2nd edition of the ‘Bucharest … Continued

“Boutique Food Hall will be the largest restaurant opened at the ground floor of an office building, and the new concept, which is a first for the local market, aims to meet the increasingly diverse and sophisticated needs of employees in Bucharest. The restaurant will benefit from the presence of some 5,000 employees in The … Continued

  Romania is on the third place in top European countries with the newest malls stock, taking into account that 82 percent of the commercial centers functional at the end of 2016 were delivered in the last 10 years, compared with a share of 38 percent at the European level, according to an analysis of … Continued

  Romania ranks third among the European countries with the newest stock of malls, with 82 percent of the commercial centers operational at end-2016, being delivered in the last 10 years, compared to only 38 percent at European level, Cushman & Wakefield survey reveals. Thus, from an existing shopping centres stock (excepting retail parks and commercial … Continued

  The land market in Bucharest recorded combined deals of 110 hectares in 2016, up 114 percent versus the previous year, while the value of the transactions gained 41 percent to EUR 127 million, according to real estate consultancy Cushman & Wakefield Echinox. Most of the demand was generated by the residential sector, as several investors … Continued

  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