INDUSTRIAL AND LOGISTICS SPACES TOTALLING 542,000 SQ. M WERE LEASED IN H1 2022, AN Y-O-Y INCREASE OF 50%
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Bucharest, July 2022: 542,000 sq. m of industrial and logistics spaces were leased in H1 2022, a 50% increase compared with the same period of 2021, according to data from the Cushman & Wakefield Echinox real estate consultancy company. The volume transacted in Q2 was of approximately 240,000 sq. m, which was added to the … Continued
INFLATION AND THE REAL ESTATE MARKET: THE RESIDENTIAL, INDUSTRIAL AND RETAIL SECTORS ARE THE MOST EXPOSED, WHILE THE OFFICE SEGMENT REMAINS THE MOST RESILIENT
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Bucharest, July 2022: Inflation has become a hot topic for the real estate market, as all players in the industry (tenants or investors), are experiencing the effects of rising prices in one way or another, the most exposed sectors to the inflationary pressures being the residential, industrial and retail ones, with a lot more resilience … Continued
CUPIO, A ROMANIAN BRAND OF PROFESSIONAL COSMETICS, LEASED 3,200 SQ. M OF WAREHOUSE SPACES IN CTPARK TIMIȘOARA
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Bucharest, June 2022: The group of companies which owns Cupio, a Romanian brand of professional cosmetics, leased 3,200 sq. m of warehouse spaces in the CTPark Timișoara Ghiroda project, located near the Timișoara International Airport. The transaction was brokered by the Cushman & Wakefield Echinox real estate consultancy company. The new space will support Cupio’s … Continued
DEVELOPERS CONTINUE THEIR INVESTMENTS, AS OVER 500,000 SQ M OF RETAIL SPACES ARE PLANNED OR UNDER CONSTRUCTION IN ROMANIA; LIMITED PIPELINE IN BUCHAREST
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Bucharest, June 2022 – Real estate developers continue to expand their portfolios of retail projects in Romania, over 500,000 sq. m of new spaces being announced for the next 4 years, with 10 of the pipeline projects each having more than 10,000 sq. m, according to the Bucharest Retail Market and the Romania Retail Regional … Continued
ENEVO GROUP HAS A NEW OFFICE IN THE AFI EUROPE PROJECT AFI LAKEVIEW
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Bucureşti, June 2022: ENEVO Group moves its office within the AFI Lakeview owned by AFI EUROPE and located in the Floreasca-Barbu Vacarescu area in Bucharest, one of the main office hub in the country, in a transaction brokered by the real estate consulting company Cushman & Wakefield Echinox. ENEVO Group of companies covers a diverse … Continued
BUCHAREST OFFICE MARKET Q2 2022; THE REDUCED DELIVERIES AND INFLATION PUT PRESSURE ON RENT; THE CENTER-WEST AREA HAS BECOME THE MAIN OFFICE HUB
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Bucharest, August 2022: There has only been one office delivery in Q2 2022 in Bucharest, namely the second building (25,000 sq. m GLA) of the AFI Tech Park project located in the Center – West submarket, with the total office stock in Bucharest reaching 3.3 million sq. m. This delivery pushed forward the Center-West area … Continued
THE APPETITE FOR REAL ESTATE INVESTMENTS CONTINUES TO BE HIGH; TRANSACTIONS OF AROUND 1.2 BILLION EUROS ARE IN VARIOUS STAGES OF NEGOTIATION
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Bucharest, August 2022: Real estate investment transactions which amount to around 1.2 billion euros are currently in various stages of negotiation, the appetite for income-generating assets remaining at high levels, according to data from the Cushman & Wakefield Echinox real estate consultancy company. Since the beginning of the year, the total investment volume reached over … Continued
DPD LEASED 3,500 SQ. M OF WAREHOUSE SPACES IN VGP PARK ARAD
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Bucharest, August 2022: The DPD courier company continues its expansion in Romania by leasing 3,500 sq. m of warehouse spaces in the VGP Park Arad project, located near the A1 highway, a transaction brokered by the industrial department of the Cushman & Wakefield Echinox real estate consultancy company. Cushman & Wakefield Echinox offered support for … Continued
CUPIO, A ROMANIAN BRAND OF PROFESSIONAL COSMETICS, LEASED 3,200 SQ. M OF WAREHOUSE SPACES IN CTPARK TIMIȘOARA
Read moreBucharest, June 2022: The group of companies which owns Cupio, a Romanian brand of professional cosmetics, leased 3,200 sq. m of warehouse spaces in the CTPark Timișoara Ghiroda project, located near the Timișoara International Airport. The transaction was brokered by the Cushman & Wakefield Echinox real estate consultancy company. The new space will support Cupio’s … Continued
CUSHMAN & WAKEFIELD ECHINOX STRENGHTENS ITS ASSET SERVICES TEAM BY APPOINTING ROXANA NICOLAE AS WORKPLACE MANAGER
Read moreBucharest, May 2022: Cushman & Wakefield Echinox consolidates the Asset Services department by appointing Roxana Nicolae as Workplace Manager. Roxana Nicolae has 17 years of experience in Integrated Facilities Management for corporate clients, such as Bitdefender, Adobe or Superbet. In her new role, Roxana will coordonate the Integrated Facilities Management services for Cushman & Wakefield Echinox’s … Continued
BUCHAREST METRO TRAFFIC DOUBLED IN MARCH AFTER THE PANDEMIC RELATED RESTRICTIONS WERE LIFTED; EMPLOYEES ARE GRADUALLY RETURNING TO THE OFFICE
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Bucharest, May 2022: The number of metro passengers increased by 53% in Q1 2022 compared with the same period of 2021, a record for the last two years being registered in March, once the pandemic related restrictions were lifted, which indicates a gradual resumption of activity in the Bucharest office buildings, according to an analysis … Continued
DEMAND FOR INDUSTRIAL AND LOGISTICS SPACES INCREASED BY 50% IN THE FIRST QUARTER. 2022 COULD SET A NEW TRANSACTIONAL RECORD
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Bucharest, May 2022: The leasing of industrial and logistics spaces increased by 50% in the first quarter of 2022 compared with the same period of last year, exceeding the 300,000 square meter threshold, thus creating the premises for a new record year in terms of demand for this type of spaces, according to the Cushman … Continued
MORE THAN 72,000 DWELLINGS WERE DELIVERED IN 2021 IN ROMANIA, A RECORD LEVEL SINCE 1989; INCREASED PRESSURE IN 2022 DUE TO THE MANY UNCERTAINTIES WHICH MAY REDUCE BOTH DELIVERIES AND TRANSACTIONAL VOLUMES
Read moreBucharest, April 2022: 72,522 units were delivered across Romania in 2021, a record level on the residential market since 1989, marking a 7% increase compared with 2020, according to an analysis performed by the Cushman & Wakefield Echinox real estate consultancy company based on county statistical data released by the National Institute of Statistics. An annual … Continued
THE TOTAL VALUE OF THE APPRAISED ASSETS INCREASED BY 40% IN 2021 DUE TO ADDING LARGER PROJECTS IN THE PORTFOLIO
Read moreBucharest, April 2022: The valuation department of the Cushman & Wakefield Echinox real estate consultancy company appraised over 380 properties with a total value of 5.5 billion euros in 2021. The valuation department’s portfolio increased by 10% in terms of the number of properties, while the total value of the appraised assets increased by 40%, … Continued
CUSHMAN & WAKEFIELD ECHINOX INCREASES ITS ASSET PORTFOLIO UNDER MANAGEMENT WITH FUNSHOP PARK TIMISOARA DEVELOPED BY SCALLIER
Read moreBucharest, April 2022: The real estate consulting company Cushman & Wakefield Echinox has been appointed to manage Funshop Park project developed in Timisoara by the Polish company Scallier, one of the most dynamic investors in small and medium retail parks. The retail shop in Timisoara is the third project Funshop managed by Cushman & Wakefield … Continued
AFTER TWO COMPLICATED YEARS OF COVID-19 RELATED ISSUES, THE LOCAL REAL ESTATE MARKET HAS BEEN ABLE TO NEUTRALIZE THE IMBALANCES CAUSED BY THE PANDEMIC
Read moreBucharest, March 2022: The local real estate market has rapidly adapted to the new social and business environment, largely countering the imbalances stemming from the restrictions imposed during the state of alert. Moreover, we can notice an upward trend in all market segments, even though there are still a few challenges, such as the increasing prices … Continued
THE CENTER-WEST SUB-MARKET IS SET TO BECOME THE MAIN OFFICE HUB IN BUCHAREST, OVERTAKING FLOREASCA-BARBU VĂCĂRESCU AFTER 8 YEARS
Read moreBucharest, March 2022: The office stock in the Center-West area of Bucharest, near Politehnica University, will surpass the existing stock from Floreasca-Barbu Văcarescu (which has been the main office hub in Bucharest for eight years) in 2022, , according to data from the Cushman & Wakefield Echinox real estate consultancy company. The modern office stock in … Continued
PTC EXPANDS ITS ROMANIAN OFFICES AT RIVERPLACE, A PROJECT OWNED BY CA IMMO
Read moreBucharest, March 2022: PTC has expanded its offices in Riverplace, a project owned by CA IMMO and located in the Politehnica area of Bucharest, thus occuping 4.800 square meters in the office project. The transaction was intermediated by the real estate consultancy company Cushman & Wakefield Echinox. PTC, operating in the IT&C industry, has renewed … Continued
CUSHMAN & WAKEFIELD ECHINOX EXPANDS ITS LAND & INDUSTRIAL TEAM BY RECRUITING TWO SPECIALISTS WITH A COMBINED EXPERIENCE OF 33 YEARS
Read moreBucharest, February 2022: Cushman & Wakefield Echinox expands and consolidates its Land & Industrial team coordinated by Andrei Brânzea by recruiting Marius Frunzuc and Ștefan Oprea, two specialists with a combined experience of 33 years in the real estate market. Marius and Ștefan have joined the Cushman & Wakefield Echinox team as Land Agency consultants, and … Continued
DEVELOPERS CONTINUED INVESTING IN THE RETAIL MARKET IN 2021 AND DELIVERED 10 NEW PROJECTS, MOSTLY IN CITIES WITH LESS THAN 150,000
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Bucharest, February 2022: Ten new retail projects have abeen completed in Romania in 2021, with a total GLA of around 100,000 square meters, withsix of them, totaling 70,000 square meters, being delivered in Q4 2021. The developers’ interest has shifted mostly towards tertiary cities with less than 150,000 inhabitants, and also towards retail parks, according … Continued
THE LOGISTICS MARKET SHOWED AN IMPRESSIVE RESILIENCE DURING THE PANDEMIC, BENEFITTING FROM IMPORTANT CONSUMER CHANGES: A RECORD LEVEL OF OVER 1 MIL SQ M HAVE BEEN TRANSACTED IN 2021
Read moreBucharest, February 2022: The local logistics sector has not only shown resilience during the pandemic, but went on to benefit from consumer and business reactions to the sanitary crises. Thus, the leasing activity in 2021 has exceeded the 1 million sq. m threshold for the first time in the market’s history. Net take-up accounted for over … Continued
DEVELOPERS CONTINUED INVESTING IN THE RETAIL MARKET IN 2021 AND DELIVERED 10 NEW PROJECTS, MOSTLY IN CITIES WITH LESS THAN 150,000 INHABITANTS
Read moreBucharest, February 2022: Ten new retail projects have been completed in Romania in 2021, with a total GLA of around 100,000 square meters, withsix of them, totaling 70,000 square meters, being delivered in Q4 2021. The developers’ interest has shifted mostly towards tertiary cities with less than 150,000 inhabitants, and also towards retail parks, according to … Continued
WORLD CLASS WILL OPEN A NEW LOCATION WITHIN THE ONE COTROCENI PARK PROJECT
Read moreBucharest, February 2022: World Class will inaugurate a new location in a space of 2,352 square meters within the One Cotroceni Park project, developed by One United Properties in Bucharest. The transaction was intermediated by the real estate consulting company Cushman & Wakefield Echinox. The new club – World Class One Cotroceni – is strategically … Continued
MOBILE VET VETERINARY MEDICAL CLINICS OPENS ITS LOCATION WITHIN THE J8 OFFICE PARK BUILDING IN BUCHAREST CLINICS OPENS ITS LOCATION WITHIN THE J8 OFFICE PARK BUILDING IN BUCHAREST
Read moreBucharest, February 2022: The network of Mobile Vet veterinary clinics and Mobile Pet veterinary pharmacies opens on February 5th its clinic within the J8 Office Park project in Bucharest, following an investment of approximately 500,000 euros, according to the real estate consulting company Cushman & Wakefield Echinox, which intermediated the leasing transaction for the space owned by Portland Trust. … Continued
