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 moreHome | News
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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 moreTHE 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 moreTHE 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 moreBUCHAREST 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 moreIN 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 moreIN 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 moreTHE 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 moreCUSHMAN & 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 moreTHE 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 moreHOTELS 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 moreCUSHMAN & 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 moreTHE 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 moreCUSHMAN & 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 moreŢIRIAC 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 moreTHE 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 moreFILDAS 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 moreTHE 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 moreBEBE 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 moreAGROLAND OPENS THE LARGEST NETWORK STORE WITHIN THE PENNY CENTER FUNDENI PROJECT
Bucharest, November 2020: Agroland, the network stores specialized in selling agricultural products, established in 1997 in Timișoara, inaugurated the first Agroland MEGA unit in Bucharest and the largest store in the network within the Penny Center project in the Fundeni district of Bucharest, a t [...] Read moreTHE LOGISTICS MARKET HAD ITS BEST PERIOD DURING THE PANDEMIC, WITH A RECORD DEMAND FROM RETAILERS AND LOGISTICS
Bucharest, November 2020: The Romanian logistics market will have a record demand in 2020, with a transactional volume exceeding the 700,000 square meters threshold, amid the accelerated development of ecommerce and the positioning of Bucharest as a regional logistics hub for a series of internation [...] Read moreBUCHAREST OFFICE MARKET CONTINUES TO DEVELOP, AMID A SLIGHT RETURN IN DEMAND IN THE THIRD QUARTER
Bucharest, November 2020: The office market in Bucharest continues to grow, in the first nine months of the year being delivered new spaces with a total area of 124,000 square meters, while developers have in various phases of construction buildings with a cumulative area of 388,000 squa [...] Read moreTHE STOCK OF MODERN RETAIL SPACES IN ROMANIA HAS EXCEEDED THE 4 MILLION SQUARE METERS THRESHOLD
Bucharest, November 2020: The stock of modern retail spaces in Romania has exceeded the level of 4 million square meters after the latest deliveries of shopping centers, but the market development pace will slow down in the next period, according to real estate consulting company Cushman & Wakef [...] Read moreCUSHMAN & WAKEFIELD ECHINOX CONSOLIDATES ITS LAND & INDUSTRIAL DEPARTMENT AND CLOSES A NEW TRANSACTION WITH SAMEDAY
Bucharest, October 2020: Cushman & Wakefield Echinox continues to consolidate its Land & Industrial department by recruiting Ștefan Surcel and closes a new transaction with Sameday, this being the second leasing contract intermediated for the courier company in recent months. With four y [...] Read more