Posts - Cushman & Wakefield Echinox

HALF OF BUCHAREST’S EMPLOYEES CONTINUED TO WORK MAINLY FROM HOME EVEN AFTER THE STATE OF EMERGENCY WAS LIFTED

Bucharest, October 2020: Half of the employees who normally work in office buildings continued to work mainly from home even after the state of emergency was lifted, despite the fact that, during the summer, most companies began to bring back their employees partially or through rotation in the off [...] Read more

THE FOCUS ON LARGE CUSTOMERS LEADS TO AN INCREASE IN THE VALUATION PORTFOLIO OF CUSHMAN & WAKEFIELD ECHINOX

Bucharest, October 2020: The valuation department of the real estate consulting company Cushman & Wakefield Echinox will appraise by the end of 2020 properties with a total value between 4.2 and 4.5 billion euros, with a slightly higher increase than the previous year. The positive results come [...] Read more

THE NEW METRO LINE IN DRUMUL TABEREI SERVES 150,000 RESIDENTS AND 20,000 EMPLOYEES WORKING IN MODERN OFFICE BUILDINGS

Bucharest, October 2020: The Râul Doamnei – Eroilor section of the M5 metro line, inaugurated in September, will shorten the travelling time for 150,000 Bucharest inhabitants who live near the 10 newly built stations, also offering a quick travel alternative for almost 20,000 employees working in [...] Read more

THE SOCIAL DISTANCING RULES CREATE OPPORTUNITIES ON BUCHAREST VILLA TRANSACTIONAL MARKET

Bucharest, September 2020: The Little Genius private school rented a historical monument villa located on Kiseleff Boulevard in Bucharest in order to meet the social distancing requirements imposed by the authorities, the transaction being intermediated by the real estate consulting company Cushman [...] Read more

ONLY 13% OF THE 9.1 MILLION ROMANIAN RESIDENCES WERE BUILT IN THE LAST 30 YEARS

Bucharest, September 2020: Approximately 1.22 million new residencies were built in Romania between 1990 and 2019, representing only 13.4% of the total dwellings stock calculated by the National Institute of Statistics, so the residential stock is mainly composed of apartments built under the commun [...] Read more

HARTMANN HAS A NEW OFFICE IN THE IMMOFINANZ MYHIVE IRIDE | NINETEEN PROJECT

Bucharest, September 2020: HARTMANN, the German company with over 200 years of tradition in the research and development of medical products, moves its office in Bucharest within the IRIDE Park project owned by Immofinanz. HARTMANN leased a 500 square meters workspace in the myhive IRIDE | nine [...] Read more

ROMANIAN INVESTMENT MARKET SHOWS RESILIENCE IN THE FACE OF THE PANDEMIC

Bucharest, September 2020: The recent transactions closed in the last weeks, with a total value of 400 million euros, demonstrate that the investment market in Romania remains strong and attractive even in the Covid-19 pandemic period, Romania no longer being just seen as just a fringe market of Cen [...] Read more

DEVELOPERS WILL DELIVER IN THE NEXT 16 MONTHS ALMOST 500,000 SQUARE METERS OF MODERN OFFICES IN BUCHAREST AND THE REGIONAL CITIES

Bucharest, August 2020: The office market in Bucharest and in the major regional cities – Cluj-Napoca, Timișoara, Iași and Brașov – continues to develop, with local and foreign investors having projects under construction or scheduled for delivery with an area of approximately 500,000 square [...] Read more

SAMEDAY CONTINUES ITS EXPANSION IN BUCHAREST IN A FORMER AUTO SHOWROOM IN TUNARI

Bucharest, August 2020: The delivery company Sameday continues its expansion in Romania in the context of a continuing growing market, by leasing a space with an area of approximately 1,200 square meters in Tunari, near Bucharest, a transaction intermediated by the industrial department of Cu [...] Read more

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

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