Bucharest, February 2024: While the average hotel occupancy level across the CEE-6 capitals – including Bucharest, Bratislava, Budapest, Prague, Sofia, and Warsaw – in 2023 lagged 2019 by 9%, the ADR surpassed it by 23%, resulting in a 12% RevPAR growth, according to data from the real estate consulting company Cushman & Wakefield. The strongest … Continued

Bucharest, February 2024: Real estate investment transactions amounting to more than €600 million are currently in advanced stages of negotiation, as the volume registered throughout 2023 could be matched in the first half of this year, according to data from the Cushman & Wakefield Echinox real estate consultancy company. Ongoing negotiations target office buildings (30% … Continued

Bucharest, February 2024: 116,000 sq. m of office spaces were leased in Bucharest in Q4 2023, thus bringing the total 2023 transactional volume to over 463,000 sq. m, an all – time annual take-up record, according to data from the Cushman & Wakefield Echinox real estate consultancy company. The volume in question increased by 43% … Continued

Bucharest, January 2024:  The modern stock of industrial and logistics spaces exceeded 7 million sq. m across the country at the end of 2023, almost 80% of the total stock being concentrated in 3 development regions – Bucharest – Ilfov, West and South-Muntenia. Projects with a total area of around 452,000 sq. m were delivered in … Continued

Bucharest, January 2024: Securitas, a global leader in security services, relocated its offices in Romania to @Expo office complex developed by Atenor in the Expozitiei area of Bucharest, in a transaction brokered by the Cushman & Wakefield Echinox real estate consultancy company. The company occupies a 1,250 sq. m space in @Expo, one of the … Continued

Bucharest, January 2024: Developers completed 11 retail projects in 2023, totaling approximately 215,000 sq. m, a record level during the past 7 years, with retail parks having a 60% share, with cities such Bucharest, Craiova, Alba Iulia, Arad, Giurgiu, Vaslui benefiting from such investments. The investment plans for the next 5 years are also consistent, … Continued

Bucharest, January 2024: Macroeconomic uncertainty, consumption contraction, interest rates and also inflation are the main factors which may impact the Romanian real estate market, according to the real estate investors and developers who responded to the second edition of the Cushman & Wakefield Echinox “Real Estate Investors Sentiment Barometer”. However, despite all the above-mentioned issues, … Continued

Bucharest, December 2023: Cushman & Wakefield Echinox strengthens its office agency by recruiting Anamaria Crețu, a specialist with 18 years of multinational corporate experience. With a vast background in the real estate market, Anamaria had been part of Skanska’s team during the past 8 years, one of the world’s leading project development and construction groups, … Continued

Bucharest, December 2023: Cushman & Wakefield Echinox consolidates its team by recruiting Raluca Stanislav as Head of Business Development. Raluca has over 20 years of experience in the real estate and construction industry in Romania and in the entire CEE region. Over the past 10 years, she has led various divisions within Skanska, one of … Continued

Milan’s Via Montenapoleone climbs to second place after 20% increase in retail rents, displacing Hong Kong’s Tsim Sha Tsui into third London’s New Bond Street and Paris’s Avenues des Champs-Élysées also feature in the top five of global ranking Retail rents in prime global locations continue to recover, showing resiliency and growing by an average … Continued

Bucharest, November 2023: Jimmy Key company from Turkey, with over 30 years of experience in womenswear, will open on the 8th of December the second store in Romania in AFI Cotroceni in Bucharest, developed by AFI Europe. Jimmy Key has leased a space in the project through a transaction brokered by the real estate consultancy … Continued

Bucharest, November 2023: Industrial and logistics projects accounting for more than half a million sq. m are currently under construction and due to be delivered by the end of 2024, 60% of which being already pre-leased. The limited pipeline of speculative projects could put pressure on rental levels in the coming period due to the … Continued

Bucharest, November 2023: The average office transaction size during the first 9 months of 2023 has been of 1,810 sq. m, the highest average registered in the last 4 years and close to the record level of 1,900 sq. m set in 2019, according to data from the Cushman & Wakefield Echinox real estate consultancy … Continued

Bucharest, October 2023: Akcent Development, one of the most dynamic developers on the Bucharest residential market, started the construction of the Akcent City project, consisting of 723 apartments, in the Bucuresti Noi area, the largest residential project authorized in Sector 1 after the nZEB regulations came into force. The complex is located just 2 minutes … Continued

PRAGUE, 26 October 2023 – Cushman & Wakefield and CMS present the key findings from the fourth edition of their joint report on the hotel investment scene in CEE: Getting Real about ESG in Hotel Real Estate. Download the report: 2023-Hotel_Investment-report-in-CEE Hotel investment is bouncing back Hotel investment activity in the CEE-6 region reached EUR … Continued

Bucharest, October 2023: Cushman & Wakefield Echinox coordinated the BREEAM Excellent certification process for the 550,000 sq m logistics park portfolio in Romania and Hungary, owned by eMAG, one of the largest online retailers in Eastern Europe. The certification recognizes the sustainability performance of buildings by implementing energy efficiency and environmental impact reduction measures. The … Continued

Bucharest, October 2023: The real estate and construction sector attracted approximately €1.2 billion of foreign direct investments (FDI) in 2022, as the share of this economic activity in the overall FDI stock stood at 17.2% at the end of 2022, according to data from the National Bank of Romania analyzed by the Cushman & Wakefield … Continued

Bucharest, October 2023: The large Polish retail groups continue to expand their presence in Romania, as Wittchen, one of the market leaders specialized in luggage, travel accessories and premium leather goods, will open the first store in the country within the ParkLake Shopping Center in Bucharest, developed by Sonae Sierra. Wittchen leased a space in … Continued

Bucharest, September 2023: The land market in Bucharest has remained active over the past 12 months, in terms of acquisitions made by residential, logistics and retail real estate developers by particularly targeting the former industrial platforms within the city, which provide easy access, according to data from the Cushman & Wakefield Echinox real estate consultancy … Continued

Bucharest, September 2023: The number of sold income – generating real estate properties (office, retail, industrial & logistics spaces and hotels) during the first half of 2023 increased by 30% when compared with the same period of last year, but the average price per property decreased from €24 million to €11 million. Therefore, the transactional … Continued

Bucharest, September 2023: Oregon Park, one of the largest and most sustainable office projects in Romania, owned by the Lion’s Head investment fund, achieved the Well Health & Safety certification, granted by The International WELL Building Institute (IWBI). The certification recognizes the implementation of measures that ensure a work environment with a positive impact over … Continued

Bucharest, August 2023: Office rents in Bucharest increased by up to 15.8% in the last 12 months (June 2023 vs. June 2022), with the prime headline rent in the CBD area (Piata Victoriei – Aviatorilor) reaching €22.00/ sq. m/ month, an increase which also translated to other submarkets, according to data from the Cushman & … Continued

Bucharest, August 2023: The Bucharest hotel market continues to receive attention from hotel operators to expand their networks in Central and Eastern Europe (CEE). Bucharest is the 5th most attractive market out of 20 cities in CEE-12 in terms of the interest of the main operators to invest in new hotel facilities in the next … Continued

Bucharest, August 2023: Noriel, a major brand in the Romanian toys market, opens a store in Botosani Shopping Center, one of the most important retail projects in the city, this becoming their 91st store in Romania and their second in Botosani. Noriel leased a space of around 300 sq. m within the project through a … Continued