Posts - Cushman & Wakefield Echinox

HOTELS IN ROMANIA RECORD ALL-TIME LOW FIGURES AS COVID-19 AND CONSEQUENT GOVERNMENT RESTRICTIONS SWEEP TRAVEL DEMAND AWAY

The COVID-19 had a very rapid and drastic impact on the Romanian hotel sector. According to the industry survey*, 64% of hotels were already impacted within the last week of February, when the virus was confirmed to have reached Romania. With the state of emergency having been declared on the 14th [...] Read more

DEVELOPERS HAVE A PIPELINE OF 100,000 SQ. M OF OFFICES AND 700 HOTEL ROOMS IN THE CALEA VICTORIEI AREA OF BUCHAREST. THE TOTAL INVESTMENT CAN EXCEED 300 MILLION EUROS

Bucharest, July 2020: Calea Victoriei in Bucharest, the 2.8-kilometer-long artery between Piața Victoriei and Piața Națiunilor Unite, will continue to grow as an office and hotel hub in the upcoming years, with developers planning to build seven new office buildings and six hotels as the total in [...] Read more

THE MODERN RETAIL STOCK IN ROMANIA WILL EXCEED THE 4 MILLION SQ M THRESHOLD BY THE END OF THE YEAR. THE OPENING CALENDAR, DELAYED BY THE COVID-19 PANDEMIC

Bucharest, July 2020: The modern retail stock in Romania, consisting of shopping centers, retail parks and commercial galleries with a leasable area of at least 5,000 square meters, has reached 3.96 million square meters and will exceed the 4 million sq m threshold until the end of the year, [...] Read more

THE LARGE TECHNOLOGY COMPANIES HAVE QUADRUPLED THEIR BUSINESSES AND TEAMS IN ROMANIA BETWEEN 2009 AND 2019, TO OVER 3 BILLION EUROS AND 50,000 EMPLOYEES

Bucharest, July 2020: The top 50 largest technology companies in Romania, which realise software and digital solutions for group companies or for third parties, have increased in the last ten years by approximately four times the turnover and teams in Romania, reaching a cumulative turnover of 3 bil [...] Read more

COMPANIES WILL RETURN WITH ONLY 40% OF THE EMPLOYEES BACK TO THE OFFICE, IN THE FIRST PHASE, WHILE THE REST WILL CONTINUE TO WORK FROM HOME

Bucharest, June 2020: With the ease of travel restrictions imposed by the Covid-19 pandemic, companies begin to resume their activity in the headquarters located in office buildings, but with only 40% of employees in a first phase, according to a survey of real estate consulting company Cushman & [...] Read more

ROMANIANS WILL GO OUT IN PARKS MORE OFTEN, WILL EXERCISE MORE AND WILL PREFER SPENDING THEIR HOLIDAYS IN ROMANIA THAN ABROAD

Bucharest, June 2020: The two months of isolation and the situation still fragile regarding the danger of infection with the Covid-19 virus will mark their way into the consumption behavior of Romanians, as they will be tempted to choose more outdoor activities and spending their holidays in Romania [...] Read more

HOW WILL THE PREMIUM RESIDENTIAL SEGMENT CHANGE IN THE FUTURE?

The sales of apartments in the upper segment of the residential market are keeping pace, and they are not affected by the crisis caused by the Covid-19 pandemic. The current situation differs from the financial one in 2009, that hit the real estate sector strongly, as the market is now much more set [...] Read more

THE UNIQUE PREMIUM RESIDENTIAL SEGMENT IS IN A PERIOD THAT BECOMES EFFERVESCENT

The luxury residential segment proves to be currently less affected by the COVID-19 pandemic. This was one of the conclusions of the videoconference organized by Cushman and Wakefield Echinox real estate consultancy company and the law firm Dentons Romania. “We resumed discussions with the clie [...] Read more

IN THE LAST FIVE YEARS, BUCHAREST HAS BEEN THE MOST DYNAMIC LOGISTICS MARKET IN THE REGION, BECOMING A REGIONAL HUB

Bucharest, May 2020: The stock of industrial and logistics spaces in Bucharest has doubled between 2015 and 2020, the capital of Romania being the most dynamic market in the Central and Eastern European region and a logistic regional hub throughout the analyzed period, according to the real estate [...] Read more

HOW WILL THE ROMANIAN RESIDENTIAL MARKET BE AFFECTED BY THE COVID-19 PANDEMIC? 10 TOPICS THAT WILL IMPACT THE SECTOR.

Bucharest, May 2020: The urge to “stay safe, stay home!” has received a new connotation in the last two months, after the beginning of the Covid-19 pandemic, and the first results indicate that this period puts a mark both on the appetite for real estate acquisitions, as well as on the customer [...] Read more

FIVE STEPS TO INCREASE THE HEALTH SECURITY FOR THE 400,000 OFFICE EMPLOYEES’ SAFE RETURN TO THE WORKPLACE

The social distancing in office spaces after COVID-19 involves an immediate action strategy to adapt to the new workplace normality, which is why the real estate consulting company Cushman & Wakefield Echinox has formed a multidisciplinary team to help employers prepare for the gradual return of [...] Read more

BUCHAREST AND THE MAJOR UNIVERSITY CENTERS IN ROMANIA ARE WELL POSITIONED TO ATTRACT NEW BUSINESS IN THE SERVICES SECTOR

Bucharest, May 2020: Bucharest and the major university centers in Romania, such as Cluj-Napoca, Timişoara, Iaşi, Braşov or Craiova, are well positioned to attract new business in the services sector, despite the Covid-19 pandemic that slowed down the transactional activity and led companies to � [...] Read more

CUSHMAN & WAKEFIELD ECHINOX STUDY: EMPLOYEES WHO WORK FROM HOME APPRECIATE SAVING TIME AND MONEY, BUT THEY LACK THE INTERACTION WITH COLLEAGUES

Bucharest, April 2020: The saving of money and time spent in traffic are the main advantages considered by the employees of office buildings that are currently working from home, while the disadvantages mentioned are the lack of direct socialization with the colleagues, in the first place, followed [...] Read more

HOW WILL THE ROMANIAN OFFICE MARKET LOOK LIKE AFTER THE COVID-19 PANDEMIC?

Bucharest, April 2020: The everyday personal and professional life have both been impacted by the Covid-19 pandemic in a radical and unexpected way, and the general opinion is that its influence and effects will have repercussions on how people live and work, even after the medical situation will b [...] Read more

THE RESTRICTION ON SHOPPING CENTERS ACTIVITY AFFECTS OVER 9,000 STORES IN ROMANIA AND CHANGES THE CONSUMPTION HABITS

Bucharest, April 2020: The decision of the authorities to temporarily suspend the purchase of goods considered non-essential from the shopping centers affects more than 9,000 stores and each day when they are closed equals with between 15 and 20 million euros lost from unearned income, according to [...] Read more

THE MARKET REMAINS ACTIVE: CTP ACQUIRES EQUEST LOGISTIC PARK FOR APPROXIMATELY EUR 30 MILLION, A TRANSACTION ADVISED BY CUSHMAN & WAKEFIELD ECHINOX

CTP, the leading premium industrial park developer and long-term manager in Romania and Central and Eastern Europe expands its portfolio in the vicinity of Bucharest, on the A1, at Km 13, the ground zero of the industrial logistic market in Romania, buying Equest Logistic Park for approximately EUR [...] Read more

CUSHMAN & WAKEFIELD ECHINOX TAKES OVER THE MANAGEMENT OF MENDELEEV OFFICE 5 BUILDING IN BUCHAREST DOWNTOWN

Bucharest, March 2020: The real estate consultancy company Cushman & Wakefield Echinox was commissioned to manage Mendeleev Office 5, an office building recently delivered in Bucharest downtown, by Akcent Development. This is the fourth office building that has been taken over under the manag [...] Read more

90% OF THE INDUSTRIAL AND LOGISTICS STOCK IS LOCATED IN EIGHT CITIES. DEVELOPERS ARE STILL AVOIDING CITIES FROM THE MOLDOVA REGION, DUE TO THE LACK OF INFRASTUCTURE

Bucharest, March 2020: The stock of industrial and logistics spaces in the local market has exceeded the 4 million square meter threshold, 90% of the total stock being concentrated in eight large cities from the southern, central and western parts of Romania, according to the Romania Industrial &am [...] Read more

WE ESTIMATE FOR 2020 A 15% INCREASE OF THE VALUATION VOLUME

Bucharest, February 2020: The valuation department of Cushman & Wakefield Echinox real estate consultancy company has evaluated in 2019 properties with a cumulative value of 4.2 billion euros, while estimating an increase of 15% of the valuation volume for the upcoming year. Bogdan Sergentu, [...] Read more

WITH € 1.5 BILLION IN ACQUISITIONS, NEW INVESTORS INCREASE THE COMPETITION FOR THE BEST REAL ESTATE ASSETS IN ROMANIA

Bucharest, February 2020: The local real estate market has attracted in the last five years over 20 new investors from all over the world, the most active of them making acquisitions with a total value of approximately 1.5 billion euros, according to the data of the real estate consulting company C [...] Read more

CUSHMAN & WAKEFIELD ECHINOX EXPANDS ITS TEAM: ANDREI BRÎNZEA JOINS THE MANAGEMENT OF THE INDUSTRIAL DEPARTMENT

Bucharest, February 2020: Cushman & Wakefield Echinox consolidates its management team by recruiting Andrei Brînzea as Partner – Land & Industrial Agency. Andrei is a specialist with over 12 years of experience in real estate, being involved in the development of Lidl and Kaufland ret [...] Read more

THE OFFICE, RETAIL AND INDUSTRIAL DELIVERIES SURPASS THE 1 MILLION SQUARE METER THRESHOLD IN 2019, PUSHING THE TOTAL STOCK TO 12 MILLION SQUARE METERS

Bucharest, January 2020: The real estate developers completed in 2019 new industrial, retail and office space deliveries with a total cumulative area of more than 1 million square meters, with the office and industrial sectors being the most active ones, according to a study realized by Cushman &am [...] Read more

IN 2019 THE LARGE DEVELOPERS BOUGHT LAND FOR OVER 6,000 APARTMENTS AND 130,000 SQM OF OFFICES IN BUCHAREST

Bucharest, December 2019: The major real estate developers continued to be active in Bucharest throughout 2019, providing the land needed for new projects consisting of over 6,000 apartments and 130,000 square meters of offices. Overall, in 2019, 24 major transactions were made in Bucharest with [...] Read more

THE STOCK OF MODERN OFFICES OUTSIDE BUCHAREST WILL REACH THE 1 MILLION SQUARE METERS THRESHOLD IN 2020

Bucharest, December 2019: The stock of modern offices in the big regional centers of Romania – Cluj-Napoca, Timișoara, Iași and Brașov – will reach the threshold of 1 million square meters in 2020, with a delay of almost one year compared to the initial estimates, Despite the fact that 2019 [...] Read more

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