Posts - Cushman & Wakefield Echinox

HOTELURILE DIN ROMANIA AU AVUT UN NUMAR RECORD, DE PESTE 20 DE MILIOANE DE INNOPTARI, IN 2017

Piata hoteliera din Romania a avut in 2017 cel de-al saptelea an consecutiv de crestere, in cele aproape 100.000 de camere de hotel fiind inregistrate peste 20 de milioane de innoptari, un avans de 4% fata de anul precedent, [...] Read more

THE WEATHER AND CUSTOMER ORIENTATION SAVE THE ROMANIAN SHOPPING CENTERS

“The photos that reveal the end of the shopping centers” and “the retail apocalypse is underway in the US” are just two of the messages that have been promoted lately in the local media, raising questions and comments on the future of the Romanian retail in general and of the shopping malls [...] Read more

CITIES THAT ATTRACT TOURISTS WILL ALSO ATTRACT NEW BUSINESS INVESTMENTS

There is a direct correlation between the evolution of the number of tourists and the ability of cities to attract new employees, given that companies do not necessarily consider what city they choose for an investment, but what city can attract more employees in order to meet their development plan [...] Read more

AQUILA GROUP CONSOLIDATES CLUJ HUB WITH 10,000 SQM SPACE

Transport and distribution player Aquila Part Prod Com has leased 10,000 square meters of office and storage spaces on the ground of a real estate project located in Apahida, Cluj County, in a bid to consolidate its operations in this part of the [...] Read more

STARBUCKS TO OPEN A NEW COFFEE SHOP IN BUCHAREST OLD TOWN

The coffee shops chain Starbucks will open a new unit on Lipscani street, in Bucharest old town, in a space owned by the entrepreneur Catalin Mahu, the founder of restaurants chain La Mama. Starbucks rented a space [...] Read more

5ENSI – SENSORIAL BRASSERIE CONCEPT TO OPEN NEXT WEEK IN BUCHAREST AFTER EUR 600,000 INVESTMENT

A new type of brasserie, 5ENSI – Sensorial Brasserie Concept, based on the trend “World Wide Kitchen” for business and leisure meetings, will open next week in Bucharest, in Victoriei square, in Aviatorilor 8 building. The investment for the [...] Read more

REGIONAL CITIES: THE NEW WAVE ON THE OFFICE MARKET

As the office market in Bucharest is maturing, cities like Timisoara, Cluj-Napoca, Iasi and Brasov gain ground in the eyes of real estate developers. The modern office stock in the main regional cities in Romania – Cluj-Napoca, Timisoara, Iasi [...] Read more

VACANCY RATE OF OFFICES IN BUCHAREST DOWN CLOSE TO 8.2 PCT

Taking into account that the offices stock in Bucharest remained constant, the vacancy rate dropped to approximately 8.2 percent in the third quarter from 9.3 percent at the half of the year, according to an analysis of Cushman & Wakefield Ec [...] Read more

CORPORATIONS HAVE BEGUN RESERVING OFFICES IN ADVANCE FOR 4,000 EMPLOYEES

Real estate developers have not finished any new office building in Bucharest in Q3 this year, and yet corporations wishing to expand or enter the Romanian market have reserved an area of 37,000 square meters in buildings undergoing constru [...] Read more

BUSINESS REVIEW: “QATAR AMBASSADOR HAS A NEW RESIDENCE IN NORTHERN BUCHAREST…”

The new official residence of the Qatar Embassy in Romania is located in Northern Bucharest, in a new building that spans 4,000 sqm. The villa, which was completed in 2014, has an interior pool, a Jacuzzi and a private kindergarten. The leasing [...] Read more

RETAIL STOCK IN ROMANIA’S BIG CITIES TO EXPAND BY 500,000 SQM UNTIL 2020

The modern retail spaces stock from the biggest 23 cities of Romania, with a population of over 90,000 citizen each, will increase in the next three years by approximately 500,000 sqm, with most of the development set to be recorded in Bucharest [...] Read more

THE TOTAL INDUSTRIAL & LOGISTICS STOCK EXCEEDED THE 3 MILLION SQ M THRESHOLD

Bucharest, August 2018: The local industrial and logistics stock exceeded the 3 million sq m threshold, reaching 3.12 million sq. m at the end of H1 2018, according to Romania’s Industrial & Logistics Market H1 2018 report by Cushman & Wakefield Echinox. Almost 90% of the current stock [...] Read more

ARE THERE TOO MANY DWELLINGS BEING BUILT IN ROMANIA?

29Sep The residential market is becoming ‘hotter’ and ‘hotter’, a matter which is also observed by the officials of the National Bank of Romania who monitor the price evolution, as well as by the majority of the inhabitants who live in the big cities, where a large number [...] Read more

ROMANIA’S LOGISTICS&INDUSTRIAL MARKET COULD SET NEW RECORDS IN 2017

With industrial & logistics space take-up racing beyond consultants’ expectations this first semester, the market looks set to reach new highs by yearend. A record level of over 300,000 sqm of logistics & industrial space was leased in [...] Read more

MODERN OFFICE SPACE IN ROMANIA’S MAIN REGIONAL CITIES REACHED ALMOST 700,000 SQM IN THE FIRST SIX MONTHS OF THIS YEAR

Modern office space in Romania’s main regional cities reached almost 700,000 sqm in the first six months of this year compared to 2.6 mln sqm in Bucharest, according to Cushman & Wakefield Echinox. The main regional cities include Cluj-Napoc [...] Read more

THE OFFICE SPACE AVAILABLE IN ROMANIA’S SECONDARY CITIES WILL REACH THE 1 MILLION THRESHOLD BY THE END OF 2018

The office space available in Romania’s secondary cities, such as Cluj-Napoca, Timisoara, Iasi and Brasov will reach the 1 million threshold by the end of 2018, a Cushman & Wakefield Echinox survey said. The total office space in the cities [...] Read more

THE WESTERN PART OF BUCHAREST WILL ATTRACT 75 PERCENT OF THE OFFICES THAT WILL BE DELIVERED IN THE SECOND HALF OF THIS YEAR

The Western part of Bucharest will attract 75 percent of the offices that will be delivered in the second half of this year and 50 percent of the deliveries for 2018, so that the stock from this area will increase by around 236,000 sqm, according [...] Read more

CENTRAL AND EASTERN EUROPEAN MARKETS ARE BOOMING AND MOST SEGMENTS OF THE PROPERTY BUSINESS ARE GROWING RAPIDLY

Central and Eastern European markets are booming and most segments of the property business are growing rapidly, thus providing an opportunity for advisory firms to expand. Jonathan Hallett, Managing Partner for Central Europe talked to Property [...] Read more

THE INDUSTRIAL AND LOGISTICS REAL ESTATE SECTOR IN ROMANIA WILL SEE A RECORD LEVEL OF DELIVERIES THIS YEAR

The industrial and logistics real estate sector in Romania will see a record level of deliveries this year, namely about 480,000 sqm. The deliveries in the industrial sector dropped by 64% year-on-year reaching 80,000 sqm in the first six mont [...] Read more

THE LOCAL REAL ESTATE MARKET REMAINS DINAMIC AND ATTRACTIVE FOR INVESTORS

The local real estate market remains dinamic and attractive for investors. The total value of real estate deals in Romania reached EUR 530 million in the first half of this year, up 43 percent from the same period in 2016, the market being suppor [...] Read more

A TOUCH OF UNIQUENESS: THE RECONVERSION OF OLD FACTORIES INTO MODERN COMMERCIAL SPACES SHALL EXTEND IN THE LARGE CITIES

For several years I have been planning to put on a list all the buildings in Bucharest that grab my attention. I think the list would be quite long and it would include many well preserved historical monuments located throughout the streets of the city center, as well as a series of buildings that h [...] Read more

VASTINT RECEIVED THE URBANISM CERTIFICATE TO BUILD A RESIDENTIAL COMPLEX IN THE NORTH OF BUCHAREST

Real estate developer Vastint, the real estate development division of IKEA, received in July the urbanism certificate to build a residential complex in the north of Bucharest. The company will develop the apartments on a 48-hectare plot acqui [...] Read more

BITDEFENDER IS RENTING 9,267 SQM OF OFFICE SPACE IN ORHIDEEA TOWERS IN BUCHAREST FOR A MINIMUM TERM OF FIVE YEARS

Romania-based security software company Bitdefender is renting 9,267 sqm of office space in Orhideea Towers in Bucharest for a minimum term of five years, bringing the pre-leasing rate of this project to approximately 65 percent, a press release [...] Read more

NEW INTERNATIONAL GROUPS TO INVEST IN ROMANIA

Assembling a new Ford model in Craiova, Turkish Arcelik’s washing machine factory in Ulmi and the conversion of the Philip Morris cigarette factory in Otopeni will also bring other international groups to invest in Romania, Cushman & Wakefi [...] Read more

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