Posts - Cushman & Wakefield Echinox

MALL AND RETAIL PARK DEVELOPERS CONQUER EVEN THE LAST “STRONGHOLDS”, THE COUNTIES LACKING MODERN RETAIL PROJECTS

Bucharest, April 2021: The modern retail map of Romania is completing county by county, while real estate developers have delivered in the last year the first modern retail projects in four counties that were not covered yet, namely Dâmbovița, Covasna, Harghita and Călărași. Moreover, in the ne [...] Read more

THE OFFICE BUILDING MENDELEEV OFFICE 5 LOCATED IN THE CENTER OF THE CAPITAL ATTRACTS TWO NEW TENANTS AND REACHES AN OCCUPANCY RATE OF 70%

Bucharest, April 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 two new tenants, reaching an occupancy rate of 70%. The new tenants are OTOTO Store, a [...] Read more

CUSHMAN & WAKEFIELD ECHINOX HAS BEEN MANDATED TO ATTRACT INVESTORS FOR REHAU PROPERTIES IN ROMANIA

Bucharest, March 2021: The German group REHAU has appointed the real estate consulting company Cushman & Wakefield Echinox to manage the sale process of two production units in Cluj (Apahida) and Bucharest (Tunari), as part of the relocation process of REHAU Romania offices in central locations [...] Read more

ROMANIAN RESIDENTIAL DEVELOPERS AND GERMAN RETAILERS KEPT THE BUCHAREST LAND MARKET ACTIVE IN 2020

Bucharest, March 2021: The Romanian residential developers, along with the German retailers such as Kaufland and Lidl, were the most active buyers of land plots in the Bucharest-Ilfov area during 2020, according to Bucharest Land Marketbeat report performed by the Cushman & Wakefield Echinox re [...] Read more

THE ROMANIAN HOSPITALITY MARKET IS KEEPING ITS FUNDAMENTALS STRONG, AFTER NAVIGATING THROUGH THE MOST DIFFICULT YEAR SO FAR

Bucharest, March 2021: Though significantly affected by the COVID-19 pandemic and its impacts, the Bucharest hotel market continues to receive attention from hotel operators to expand their networks. In the CEE & SEE region, Prague, Budapest, Warsaw and Bucharest are the top-ranking cities of in [...] Read more

DEMAND FOR REAL ESTATE VALUATION AND CONSULTING SERVICES REMAINED CONSTANT DURING THE PANDEMIC

Bucharest, March 2021: The valuation department of the real estate consulting company Cushman & Wakefield Echinox evaluated in 2020 over 350 properties with a total value of EUR 4.2 billion, while the research department provided consultancy to developers for the start of new projects with a mar [...] Read more

THE DEMAND IN BUCHAREST OFFICE MARKET WILL INCREASE BY 20-30% THIS YEAR

Bucharest, February 2021: The demand for office spaces in Bucharest will increase by 20-30% this year, given that a significant part of the major tenants have exceeded expectations and are actively evaluating the options for space optimization, according to Cushman & Wakefield Echinox consultant [...] Read more

THE CONTEXT GENERATED BY THE PANDEMIC HAS ACCELERATED THE LOGISTICAL DEMAND AND DEVELOPMENT TOWARDS NEW RECORDS: ALMOST 1 MILLION SQ.M TRANSACTED AND 650,000 SQ.M OF NEW SPACES DELIVERED

Bucharest, February 2021: The local logistics and industrial market has accelerated its expansion in 2020 both in terms of demand, which approached the 1 million square meters threshold, and in terms of deliveries of new spaces, which reached a surface of 649,000 square meters, both indicators reach [...] Read more

THE CHINESE RETAILER MUMUSO OPENS A NEW MONO-BRAND STORE IN PARKLAKE SHOPPING CENTER

Bucharest, February 2021: The Mumuso fashion brand, present in over 3500 stores in 30 countries, opens the forth mono-brand store in Romania in the ParkLake shopping center in Bucharest, owned by Sonna Sierra, a transaction intermediated by the real estate consulting company Cushman & Wakefield [...] Read more

BUCHAREST OFFICE MARKET REGISTERED A CONSISTENT RETURN OF DEMAND IN THE LAST QUARTER OF 2020

Bucharest, February 2021: In the last quarter of 2020, in Bucharest there were transactions of office spaces with a total area of 77,000 square meters, the highest quarterly value of the year, thus bringing the annual volume of transactions to approximately 237,000 meters squares, according to [...] Read more

IN 2020, THREE NEW MALLS WERE DELIVERED IN BRAȘOV, TÂRGU MUREȘ AND TÂRGOVIȘTE, BUT THE OFFER OF NEW SPACES WILL DECREASE CONSIDERABLY THIS YEAR

Bucharest, February 2021: 2020 was an year characterized by increased activity in regional cities in terms of commercial centers deliveries, but the delivery volume of new spaces will reduce strongly this year, according to the real estate consulting company Cushman & Wakefield Echinox. In to [...] Read more

IN 2020, THREE NEW MALLS WERE DELIVERED IN BRAȘOV, TÂRGU MUREȘ AND TÂRGOVIȘTE, BUT THE OFFER OF NEW SPACES WILL DECREASE CONSIDERABLY THIS YEAR

Bucharest, February 2021: 2020 was an year characterized by increased activity in regional cities in terms of commercial centers deliveries, but the delivery volume of new spaces will reduce strongly this year, according to the real estate consulting company Cushman & Wakefield Echinox. In to [...] Read more

THE ROMANIAN INVESTMENT MARKET SHOWS INCREDIBLE RESILIENCE IN FACE OF THE PANDEMIC IN 2020

Bucharest, January 2021: In 2020, the total volume invested in real estate assets in Romania reached €914 million, a 28% increase compared 2019, illustrating the overall resiliency of the Romanian investment market during the Covid-19 pandemic, according to the Romania Investment Marketbeat launc [...] Read more

CUSHMAN & WAKEFIELD ECHINOX TAKES OVER THE MANAGEMENT OF FLOREASCA PARK OFFICE PROJECT IN BUCHAREST

Bucharest, January 2021: The real estate consulting company Cushman & Wakefield Echinox has been appointed to manage Floreasca Park office project located in the Floreasca – Barbu Văcărescu area in the north of Bucharest, the largest business hub in the Capital. Cushman & Wakefield E [...] Read more

THE POLISH FASHION RETAILER SINSAY OPENED ITS FIRST STORE IN BOTOŞANI IN UVERTURA MALL

Bucharest, December 2020: The fashion brand Sinsay, part of the LPP Fashion group, has opened a mono-brand store in Botoşani within the Uvertura Mall shopping center, a transaction intermediated by the real estate consulting company Cushman & Wakefield Echinox. The Polish group has been pre [...] Read more

HOTELS IN ROMANIA ON THE JOURNEY OF SURVIVAL DURING THE COVID PANDEMIC

• COVID-19 has had a very rapid and drastic impact on the Romanian hotel sector. According to a previous survey performed in April – May 2020, 64% of hotels were already impacted within the last week of February. Together with the impact of COVID-19 on the bottom line of hotels, more employees a [...] Read more

CUSHMAN & WAKEFIELD ECHINOX ADVISES EMAG ON THE DEKRA TRUSTED FACILITY AUDIT AND CERTIFICATION PROCESS

Bucharest, December 2020: The real estate consulting company Cushman & Wakefield Echinox has advised the online retailer eMAG on the DEKRA Trusted Facility audit and certification process, which represents a confirmation that the safety measures against Covid-19 that the company has undertaken [...] Read more

THE GERMAN FASHION RETAILER MARC O’POLO OPENS THE LARGEST MONO-BRAND STORE IN ROMANIA, IN AFI COTROCENI

Bucharest, December 2020: The fashion brand MARC O’POLO, present in over 2,000 point of sales in 37 countries, opens the fourth mono-brand store in Romania in the AFI Palace Cotroceni shopping center in Bucharest, a transaction intermediated by the real estate consulting company Cushman & Wake [...] Read more

CUSHMAN & WAKEFIELD ECHINOX ADVISED MITISKA REIM ON THE SALE OF A PROPERTY IN BRAŞOV TO LEROY MERLIN ROMANIA

Bucharest, December 2020: The real estate consulting company Cushman & Wakefield Echinox advised Mitiska REIM to sell a property in Braşov to the French DIY retailer Leroy Merlin, which thus continues its expansion plans on the local market. Mitiska, a Belgian investor specialized in the dev [...] Read more

ŢIRIAC IMOBILIARE HAS APPOINTED CUSHMAN & WAKEFIELD ECHINOX AS PROPERTY MANAGER FOR THE MANAGEMENT OF ŢIRIAC TOWER OFFICE BUILDING IN BUCHAREST

Bucharest, December 2020: The real estate consulting company Cushman & Wakefield Echinox has been appointed to manage the Ţiriac Tower office building, one of the emblematic buildings situated in the business center of Bucharest (Central Business District), starting with October. As a result [...] Read more

THE OCCUPANCY COSTS OF OFFICE SPACES REPRESENT 3-4% OF THE TURNOVER OF SERVICES COMPANIES IN BUCHAREST

Bucharest, December 2020: The occupancy costs of office spaces represent, on average, between 3 and 4% of the turnover of services companies in Bucharest, and they may fall even below 2%, in some cases, according to an analysis of the real estate consultancy company Cushman & Wakefield Echinox. [...] Read more

FILDAS LEASES 3,800 SQUARE METERS IN VGP PARK BRAȘOV FOR A REGIONAL DISTRIBUTION CENTER

Bucharest, November 2020: The pharmaceutical company Fildas recently leased a warehouse with an area of 3,400 square meters and 400 square meters of offices for their regional distribution operations in Brasov, in the project that will be developed by VGP in the western part of the city. The t [...] Read more

THE ITALIAN COSMETICS RETAILER PUPA OPENS THREE MONO-BRAND STORES IN THE AFI LOCATIONS FROM BUCHAREST, PLOIEŞTI AND BRAŞOV

Bucharest, November 2020: PUPA, the Italian cosmetics brand present in Romania since 2015 through a network of six stores located in four cities, opens three new stores in the AFI Palace Cotroceni shopping center in Bucharest, AFI Palace Ploieşti and AFI Palace Braşov, following a lease agreement [...] Read more

BEBE TEI CONSOLIDATES ITS DISTRIBUTION CENTER IN BUCHAREST IN A NEW BUILDING, BUILT IN THE METAV INDUSTRIAL PARK

Bucharest, November 2020: The Tei Group, which includes the Farmacia Tei network of pharmacies and Bebe Tei stores, leased a space of approximately 10,000 square meters in the Metav industrial park in northern Bucharest, to build a semi-automatic warehouse, a transaction intermediated by the real e [...] Read more

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