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

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