Bucharest, August 2023: Companies leased nearly 550,000 sq. m of logistics and industrial spaces in the first half of the year, with over one third of this volume being related to pre-lease agreements, mainly in projects set to be delivered in 2024. There has been a slowdown of the development pace, as the main players … Continued

Bucharest, August 2023: The Romanian retail market continues to attract new brands, thus the Jimmy Key company from Turkey, with over 30 years of experience in womenswear, will open the first store in Romania within the ParkLake Shopping Center in Bucharest, developed by Sonae Sierra. Jimmy Key has leased a space in the project through … Continued

Bucharest, July 2023: Four modern retail projects were delivered in the first half of the year, with a total area of 30,000 sq. m GLA. Giurgiu, Călărași, Dej and Vaslui are the cities which benefited from these new investments, while the new supply will be significantly more substantial in H2, when almost 260,000 sq. m … Continued

Bucharest, July 2023: Occupiers consistently identify the level of costs and the access to talents as the top drivers of corporate real estate (CRE) strategies, with particular importance also given to ESG standards, according to the What-Occupiers-Want-2023 study conducted by the Cushman & Wakefield real estate consultancy company based on a global survey. In Europe, … Continued

Bucharest, July 2023: The Cushman & Wakefield Echinox real estate consultancy company diversifies its range of services offered to office building landlords through the Asset Services department and launches a new business line which aims to create and implement programs and events, as well as to identify tools to support tenants in their efforts and … Continued

Bucharest, June 2023: The Romanian cinematographic market, among the most affected industries by pandemic restrictions, is approaching pre-2019 levels, thus in 2022 the number of viewers reached 11.2 million, a 40% increase compared to 2021, but by 15% below the 2019 level, according to the data offered by the National Center for Cinematography, and analyzed … Continued

Bucharest, June 2023: The large retail chains recorded a total turnover which was 16.3% higher than in 2021, a growth rate that exceeds the average annual inflation rate of 13.8% registered in 2022, according to the Romania Retail Snapshot 2023 study performed by the Cushman & Wakefield Echinox real estate consultancy company, based on the … Continued

Bucharest, June 2023: Central and Eastern Europe (CEE), including Romania, are actively benefiting from the relocation of production facilities from far-away locations, such as Asia, closer to markets of consumption particularly because they offer a significant cost differential to Western European locations, especially for labor. Key sectors located in the CEE are textiles & apparel, … Continued

Bucharest, May 2023: The expansion of logistics companies sustained the demand for warehouse spaces in Romania, a demand which totaled more than 330,000 sq. m in Q1 2023, a 10% increase compared with the same period of last year, according to the Cushman & Wakefield Echinox real estate consultancy company. Romania and Hungary are the … Continued

Bucharest, May 2023: The occupancy of Bucharest hotels increased by 33% in the first quarter compared with the same period of the last year, and remains about 5% below the 2019 level. When compared to other cities across the CEE-6 region, Bucharest recorded the second-highest occupancy rate, just behind Warsaw and ahead of Budapest, Bratislava, … Continued

Globalworth, the leading office investor in Central and Eastern Europe (CEE), said on Tuesday that it signed an agreement with e-commerce leader eMAG to set up its headquarters in the Globalworth Square building in Bucharest. The deal targets a space of 10,000 sqm GLA and marks the largest new lease contract signed this year in … Continued

Bucharest, May 2023: The Center – West area (Politehnica, Orhideea, Cotroceni) has become the largest office hub in Bucharest, overtaking the Floreasca – Barbu Vacarescu submarket in Q1 2023. This situation is expected to remain constant on a medium term at least, given the plans announced by developers, according to data from the Cushman & … Continued

Bucharest, May 2023: The Romanian investors have made real estate acquisitions worth €1.1 billion in the last 5 years, having a share of 28% in the investment volume recorded during this interval. Therefore, they have been the most active buyers of income-producing real estate assets in Romania, according to data from the Cushman & Wakefield … Continued

Bucharest, April 2023: High inflation and rising interest rates have increased the banks’ caution in financing the real estate sector, but the commercial property market in Romania remains stable, with limited adjustments of the capitalization rates. In a context where the upward movement of yields in the region has been more pronounced, there has also … Continued

Bucharest, April 2023: The developers of Belvedere Residence in northern part of Bucharest, one of the most dynamic premium residential areas, sold the commercial gallery on the ground floor of the residential buildings within the complex to a private investor, in the largest transaction of high street retail spaces recently recorded on the local market. … Continued

Bucharest, March 2023: SomProduct, a Romanian brand with an experience of 15 years in the Home & Deco industry, opens a showroom in the ISHO project Timisoara, developed by Mulberry Development. SomProduct leased space of 1,100 square meters in the Isho project, the transaction being brokered by the real estate consultancy company Cushman & Wakefield … Continued

Bucharest, March 2023: Lorand and Zsuzsanna Szarvadi, the owners of the Balvanyos Resort & Spa in Covasna, acquired the K+K Elisabeta hotel located in the Bucharest city center, and they will relaunch it under the newly established Peakture hotel brand, created by Brandient. Opened in 2006 by the Austrian-based Koller brothers, the hotel had been … Continued

Bucharest, March 2023: The industrial and logistics market registered a new record year both in terms of supply and demand, with development being concentrated in the Bucharest – Ilfov and West regions. However, other areas have also benefited from consistent investments in such projects in the last few years, with demand being mainly driven by … Continued

Bucharest, February 2023: The property portfolio under the management of the Asset Services department of the Cushman & Wakefield Echinox real estate consultancy company has tripled during the last 5 years, reaching more than 450,000 sq. m of office, logistics and retail spaces, both in Bucharest and the rest of the country. A further growth … Continued

ADP Romania prolonges its lease contract for another 5 years in Gara Herăstrău, a building part of the Globalworth portfolio. The total surface operated by the company is 8,300 square meters. A comprehensive global provider of cloud-based human capital management (HCM) solutions, ADP unites HR, payroll, talent, time, tax and benefits administration, and is a … Continued

Bucharest, February 2023: Developers announced the construction of more than 275,000 sq. m of new office projects in the major regional cities – Cluj-Napoca, Timisoara, Iasi and Brasov, and therefore the modern office stock should reach approximately 1.3 million sq. m in the next 5 years. An increasing development activity has been noticed, especially when … Continued

Bucharest, February 2023: Around 500,000 sq. m of office spaces are unoccupied in Bucharest, reflecting a vacancy rate of 15.2%, the highest availability being reported in the Pipera North, Center-West and Floreasca – Barbu Vacarescu submarkets. There is still a significant discrepancy between A and B-class projects in terms of vacancy rates, a difference which … Continued