Bucharest, January 2022: The financial sector, medical service operators, the IT&C and retail companies were the most active tenants in the office leasing market in Bucharest last year, in terms of the average transaction size, according to the Cushman & Wakefield Echinox real estate consulting company. With an average transaction size of almost 2,000 sq. … Continued

Bucharest, January 2022: The Bucharest hotel market has the highest growth among CEE Capitals in terms of revenue per available room (RevPAR), mainly driven by occupancy, during last year as a result of lift/ease on travel related restrictions and the re-scheduled event from 2020 to 2021 (i.e. European Football Championship, concerts and other sport events). … Continued

Bucharest, January 2022: The volume  invested in real estate assets in Romania, Poland and Slovakia increased in 2021, while the Czech and Hungarian markets witnessed a downturn when compared with 2020, according to data from the  Cushman & Wakefield Echinox real estate consulting company. At regional level, the total transacted volume reached 9.98 billion euros, a … Continued

Bucharest, January 2022: Cushman & Wakefield Echinox announces the promotion of Vlad Săftoiu as Head of Research. In his new role, Vlad will coordinate the activity of Cushman & Wakefield Echinox’s Research department, being responsible for producing public reports pertaining to the real estate market and also personalized studies for the company’s corporate and private … Continued

Bucharest, December 2021: The Asset Services department of the Cushman & Wakefield Echinox real estate consulting company increased its property portfolio by 28% in 2021, reaching approximately 500,000 square meters of office, logistics and retail spaces, both in Bucharest and the other parts of the country, while a growth of 10-15% is also estimated for … Continued

Bucharest, December 2021: Cushman & Wakefield Echinox has appointed Cristi Moga as Head of Capital Markets. He will coordonate the activity of the team in charge with transacting real estate assets for investment purposes. Cristi joined Cushman & Wakefield Echinox (CWE) in October 2015 and in 2018 he was promoted as Head of Research. He has … Continued

Bucharest, November 2021: The Eminescu Offices building, developed by Akcent Development in the central part of the Capital City and managed by the Asset Services team of Cushman & Wakefield Echinox, completes its tenant mix by attracting a recovery clinic within the project. Empatio București has leased ​​an area of 200 square meters within the project, where … Continued

Bucharest, November 2021: Cushman & Wakefield Echinox consolidates the marketing and research teams by recruiting Cristina Lupașcu, with an experience of almost 20 years in media and real estate, as Director PR & Research. Cristina Lupașcu has worked in the media for 14 years, mostly within the Mediafax news agency, covering the real estate area, after … Continued

Bucharest, November 2021: The network of veterinary medical services and pet products Mobile Pet & Mobile Vet expands with two new locations in Bucharest, of about 141 square meters and 137 square meters, to be opened in December and next year, respectively, two transactions intermediated by real estate consulting company Cushman & Wakefield Echinox. Also, Mobile … Continued

Bucharest, November 2021: The demand for logistics and industrial spaces reached 562,000 sq. m during the first 9 months of this year, a slight decrease of only 3% compared with the same period of 2020, according to the Cushman & Wakefield Echinox real estate consulting company. The leasing activity was driven mostly by new demand, … Continued

Bucharest, October 2021: Romanian employees who had to work more from home in the last 18 months due to the COVID-19 pandemic want to return to the office, given that more than half of them associate coming back to the office with “the return to normality” and experience a lack of socializing with their colleagues, according to … Continued

Bucharest, September 2021: The Cloud 9 residential project developed by Akcent Development in the Aviației area in the northern part of Bucharest has sold 85% of its apartments, with more than 700 units sold out of a total of 820 apartments by the end of August. Although during the summer there is normally a decreasing trend when it … Continued

Bucharest, September 2021: The Cushman & Wakefield Echinox real estate consulting company has been appointed to provide consulting services in construction related to the current extension of Colosseum Mall, a project with a total area of ​​21,616 square meters. Colosseum Mall represents one of the most important commercial developments in Bucharest and it is rapidly … Continued

Bucharest, September 2021: The Cushman & Wakefield Echinox real estate consulting company assisted the South African Fortress REIT in the acquisition of  ELI Park 1 logistics park in Buftea developed by Element Industrial and Dedeman. Located at a 4 kilometers distance from the Bucharest ring road and in the proximity of the future A0 highway, … Continued

Bucharest, September 2021: Meat2Eat, a gastronomic concept active since 2015  and operating a butchery in the Domenii area and  several burger shops, inaugurated its first steakhouse restaurant in a 400-square-meter space situated on the ground floor of  One Tower office building in Bucharest, one of the first LEED Platinum green buildings in Romania, part of … Continued

Bucharest, August 2021: In the first semester of 2021, 360,000 square meters of logistics and industrial spaces were leased, a 21% increase compared to the similar period of the previous year, according to the Cushman & Wakefield Echinox real estate consulting company. 200,000 square meters were transacted in the first three months of the year, … Continued

Bucharest, August 2021: Mendeleev Office 5 office building, developed by Akcent Development in the center of the Capital and managed by the Asset Services team of Cushman & Wakefield Echinox, has attracted a new tenant, the advertising agency Jam Session Agency reaching an occupancy rate of 95%. Jam Session Agency leased the 7th and 8th … Continued

Bucharest, November 2021: The development activity in the retail market has been modest in the first nine months of this year, with only three small projects delivered, but we have also seen new retailers and developers entering the Romanian market this year, according to the Cushman & Wakefield Echinox real estate consulting company. In total, … Continued

Bucharest, August 2021: Retail parks in Romania proved to be much more resilient during the pandemic than shopping centers, the turnover of the companies that own such properties decreasing by 9.5% during 2020, compared with a decrease of 20.6% in the case of shopping centers, according to an analysis of the Cushman & Wakefield Echinox … Continued

Bucharest, August 2021: Pain Plaisir artisan bakery will open in November 2021 a new location in Bucharest with an area of ​​68 square meters within the J8 Office Park project, developed by Portland Trust, a transaction intermediated by the real estate consulting company Cushman & Wakefield Echinox. Founded in 2013 by Irina Stăncescu and Tom Rees, … Continued

Bucharest, July 2021: The total value of transactions with commercial real estate assets in Romania reached 298 million euros in the first half of 2021, a 23% decrease compared to the same period of last year, the market being supported primarily by the return of the Austrian investors’ appetite for office buildings, according to the … Continued

Bucharest, July 2021: Adriana Dănilă and Stelian Olaru, the owners of Gram Bistro and Suento by Gram restaurants, will open a new restaurant at the end of July on the ground floor of the Mendeleev Office 5 office building in Bucharest, a building developed by Akcent Development and managed by Cushman & Wakefield Echinox. The … Continued

Bucharest, July 2021 – Superbet, the largest sports betting operator in Romania, present in over 1,000 agencies in the country, opened a new location within the City Gate project in Bucharest, a transaction intermediated by the real estate consulting company Cushman & Wakefield Echinox. The opening of the newest Superbet location of 264 square meters is … Continued

Bucharest, July 2021: A&D Pharma, a subsidiary of Dr.Max Group, which owns the phamacy chain with the same name, has leased a warehouse of 9,000 square meters in the CTPark Sibiu project located in the western part of the city, a transaction brokered by the Cushman & Wakefield Echinox real estate consulting company. This will … Continued