Posts - Cushman & Wakefield Echinox

ALEXANDRU MITRACHE BECOMES HEAD OF TRANSACTIONS – LAND & INVESTMENT

Bucharest, February 2019: Cushman & Wakefield Echinox strengthens its Capital Markets team by promoting Alexandru Mitrache as Head of Transactions – Land & Investment. Alexandru Mitrache has been the Head of Land Development department within the company for the past three years, offeri [...] Read more

THE WEWORK EFFECT ON FLEXIBLE WORKSPACE IN THE UK REGIONS

With more than ten years on from when the term “coworking” was first identified as a trend by Google’s search database, the UK Flexible Workspace market saw its greatest growth in the last two years with the UK’s regional cities being no exception. 2018 was a year of continued growth, which [...] Read more

COLOSSEUM EXTENSION, THE MOST IMPORTANT RETAIL DEVELOPMENT IN BUCHAREST DURING THE LAST THREE YEARS

Bucharest, January 2019: The Colosseum commercial center in the north-western part of Bucharest, whose extension is on the way as terms have been reached with the general contractor and the construction works have started. Colosseum Mall represents the most important retail development in Bucharest [...] Read more

PROPERTY MANAGEMENT TRANSFORMS INTO “PEOPLE MANAGEMENT”

The main trends in the new paradigm of the real estate market are the “digitization” of shopping centers through an omnichannel approach and the development of a community feeling within business centers. These also represent the biggest challenges for the management of retail and office space. [...] Read more

WHY INVEST IN ROMANIA? THE TIMES INVESTING IN PROPERTY INTERVIEW WITH MIHNEA ŞERBĂNESCU

The Times – Investing in Property, a business magazine dedicated to the real estate market, was published in 2018 and includes the most important players in the market, interviews, case studies, trends and key reasons to invest in Romania. Here is a part of the interview with Mihnea Şerbăn [...] Read more

LARGE RETAILERS MANAGED TO KEEP THEIR TURNOVER GROWTH AT 12%, DOUBLE THE SIZE OF NATIONAL CONSUMPTION GROWTH

Bucharest, January 2019: Large retail chains operating mainly in shopping centers maintained an average growth rate of 12% in 2018, similar to 2017 and double the advance in consumption, which increased by 5.9% during the first ten months of the year, according to the second edition of Retailers’ [...] Read more

MCDONALD’S ENTERS BRĂILA MARKET BY OPENING A DRIVE-THROUGH UNIT WITHIN PENNY RETAIL PARK

Bucharest, December 2018: McDonald’s, the largest local fast food restaurant operator, enters Braila market by opening a drive-through unit located within Penny Retail Park, developed by REWE Group by remodelling a former XXL unit. The new McDonald’s restaurant will have an area of alm [...] Read more

SPORTISIMO OPENS ITS 16TH STORE IN ROMANIA AT BOTOSANI SHOPPING CENTER

Bucharest, December 2018: Sportisimo, an important sports retailer founded almost 20 years ago in the Czech Republic, present on the local market since 2015, will open a new store at Botosani Shopping Center, a transaction brokered by Cushman & Wakefield Echinox real estate consultancy firm. [...] Read more

THE VALUE OF TRANSACTIONS IN THE LOCAL REAL ESTATE MARKET EXCEEDED 4 BILLION EUROS DURING THE PAST FIVE YEARS

Bucharest, December 2018: Deals of over 4 billion euros have been signed during the last five years on the Romanian real estate market, with the most active buyers being investors from South Africa, with a market share of 28%, followed by Greek investors (14%), French (10%) and Romanians (7%), accor [...] Read more

EUROMONEY NAMES CUSHMAN & WAKEFIELD WORLD’S NO. 1 CRE ADVISOR

Euromoney’s 2018 Real Estate Survey named Cushman & Wakefield the world’s No. 1 overall commercial real estate advisor and consultant. Cushman & Wakefield, the international real estate advisory firm present globally in over 70 countries, was also named the top advisor and consultant in [...] Read more

JAPANESE RETAILER MINISO OPENS ITS FIRST HIGH STREET STORE IN BUCHAREST, IN PIATA ROMANA

Bucharest, November 2018: The Japanese retailer Miniso, specialised in the selling of a wide range of accessories, will open its first high street store in Romania in Piata Romana, one of the most important commercial areas in Bucharest, on November 29th. Miniso leased a space of 125 square meters o [...] Read more

CRISTI MOGA NAMED NEW HEAD OF RESEARCH DEPARTMENT

Cushman & Wakefield Echinox announces the promotion of Cristi Moga as Head of Research Department. Cristi joined Cushman & Wakefield Echinox (CWE) in October 2015, acquiring expertise in research and analysis in retail, residential, office, industrial and hospitality segments. During the [...] Read more

90% OF INDUSTRIAL AND LOGISTICS STOCK IS CONDENSED IN CITIES WITH HIGHWAY ACCESS

Bucharest, November 8, 2018: Romania’s industrial and logistics market is currently benefitting from its best period in history, both in terms of supply and demand, with development being condensed in a number of large cities with access to at least one highway that facilitates the transport and d [...] Read more

EIGHT THINGS THAT MAKE OFFICE SPACES GREENER AND HEALTHIER

1. Air quality and ventilation A well-ventilated space can double the cognitive capabilities of those working in it. 2. Right temperature An overheated office can reduce employee output by 6%, while a space which is too cold can take off 4%. 3. Natural light and lighting According to [...] Read more

BUCHAREST HOTELS RECORDED THE HIGHEST INCREASE IN THE NUMBER OF OVERNIGHT STAYS IN CEE, OVER 10% PER YEAR

Bucharest, October 2018: The Central and Eastern European (CEE) hospitality market is showing a positive evolution, with all the performance indicators higher than in the previous year. Between 2013 and 2017, Bucharest stands out with an average increase of overnight stays of 10.1% per year, the hig [...] Read more

HOW MILLENNIALS WANT TO WORK

18Oct Let’s begin by looking at the world through the eyes of an interior designer from the millennial generation reporting from her journey to the near future. “It‘s half past eight in the morning and the first workers are arriving at their comfortably furnished workstations, vita [...] Read more

ARENA MALL IS TRANSFORMING, BECOMING A LANDMARK SHOPPING AND ENTERTAINMENT DESTINATION FOR BACAU RESIDENTS ALL AGES

Bucharest, October 2018: Arena Mall shopping center in Bacau, a reference for the retail market in the Moldova region, will enter into a comprehensive extension and modernization process that will result in a 60% increase of its leaseable area and in the construction of a multi-storey car park. A [...] Read more

COMPANIES IN BUCHAREST HAVE MONTHLY OFFICE OCCUPANCY COSTS RANGING BETWEEN 175 AND 500 EUROS PER EMPLOYEE

Bucharest, October 2018: Companies in Bucharest that operate in modern office buildings have monthly occupancy costs ranging between 175 and 500 euros per employee, according to an analysis of Cushman & Wakefield Echinox real estate consultancy firm. The analysis takes into account rental co [...] Read more

A TOTAL LAND AREA FOR THE DEVELOPMENT OF 8,000 RESIDENTIAL UNITS AND 180,000 SQUARE METERS OF OFFICES HAS BEEN TRANSACTED IN BUCHAREST

Bucharest, September 27, 2018: The land in Bucharest continued to attract the interest of real estate developers this year, considering that in the first nine months of 2018, lots of a total surface of over 60 hectares can be developed for around 8,000 dwellings, 180,000 sq. m. of offices and comm [...] Read more

THE OFFICE STOCK IN THE MAJOR REGIONAL CITIES HAS DOUBLED OVER THE PAST FIVE YEARS AND WILL EXCEED THE 1 MILLION SQ M THRESHOLD IN 2019

Bucharest, September 13, 2018: The office stock in the major regional cities – Cluj-Napoca, Timisoara, Iasi and Brasov – has doubled over the past five years and will continue to grow at an accelerated pace, being expected to exceed the 1 million sq m threshold in 2019, according to the Cushman [...] Read more

MORTGAGE LOANS ON A RAPID RISE FOR 8 STRAIGHT SEMESTERS: THE ROMANIAN RESIDENTIAL MARKET IS WITNESSING ITS BEST PERIOD IN HISTORY

From an economic standpoint, Romania is currently witnessing one of the best periods in recent history: the Gross Domestic Product (GDP) has entered the eighth consecutive year of growth, the number of employees and wages are rising from one month to another, with the biggest threat to the new inves [...] Read more

C&W ECHINOX LAUNCHES THE FIRST ROMANIAN TRAINING ACADEMY DEDICATED TO THE TENANTS OF RETAIL AND OFFICE BUILDINGS

Bucharest, September 2018: The Property Management Department of Cushman & Wakefield Echinox has expanded its service line by creating the first training academy in Romania, called Drawing Business Value Academy, dedicated to retail and office buildings occupiers, in partnership with DBV Manage [...] Read more

THE NUMBER OF EMPLOYEES IN MODERN OFFICE BUILDINGS IN BUCHAREST COULD REACH 270,000 BY THE END OF THE YEAR

Bucharest, August 2018: The number of employees in Class A and B office buildings in Bucharest has reached about 253,000 at the end of the first semester of 2018, a slight increase compared to the end of 2017. In H1 2018, the number of employees working in companies with headquarters in modern of [...] Read more

EUROPEAN SHOPPING CENTRE COMPLETIONS FALL 23% AS FOCUS SHIFTS TO QUALITY OF SPACE AND PLACEMAKING

8 million sq m of new shopping centre space was delivered to the market in 2017, 23% less than in 2016 Total European shopping centre floorspace stood at 166.5 million sq m at the start of 2018, up 2.3% on 12 months previously Development pipeline shows 6.6 million sq m set to complete during [...] Read more

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