Posts - Cushman & Wakefield Echinox

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

CUSHMAN & WAKEFIELD ECHINOX CONSOLIDATES ITS INDUSTRIAL DEPARTMENT BY RECRUITING ANAMARIA TIHU

Cushman & Wakefield Echinox consolidates its industrial department by recruiting Anamaria Tihu, a specialist with over 10 years’ experience in sales. Anamaria Tihu will act as a Senior Consultant and will be responsible for logistics and wareho [...] Read more

ROMANIA IS SECOND IN EUROPE, AFTER TURKEY, ON BOTH THE GROWTH AND GROWTH POTENTIAL IN THE FOOD & BEVERAGE (F&B) SECTOR CONSUMPTION

Romania is second in Europe, after Turkey, on both the growth and growth potential in the Food & Beverage (F&B) sector consumption, according to a study by Cushman & Wakefield. This includes consumption in restaurants, fast-food unit [...] Read more

THE TIME HAS COME FOR FOOD-COURTS TO MAKE ROOM FOR FOOD HALLS IN ROMANIA

During the last decade, after the EU accession, the (urban) Romanians have continuously developed, becoming sophisticated consumers. In 2006, the Romanian airports traffic was 5.5 million people, while in 2016, the traffic reached 16.4 million people. This constantly increasing flow, including (desp [...] Read more

AMOMA, ONE THE BIGGEST GOBAL ONLINE TOURIST RESERVATIONS PLATFORMS WILL MOVE ITS BUCHAREST HEADQUARTERS

Amoma, one the biggest gobal online tourist reservations platforms will move its Bucharest headquarters to a new 2,300 square meters space in Globalworth Plaza. The deal was intermediated by real estate consultancy company Cushman&Wakefield E [...] Read more

THE STOCK OF INDUSTRIAL AND LOGISTICS SPACES IN BUCHAREST HAS INCREASED ABOUT TEN TIMES BETWEEN 2004 AND 2017

The stock of industrial and logistics spaces in Bucharest has increased about ten times between 2004 and 2017, to almost 1.2 million square meters, according to an analysis by real estate consultancy firm C&W Echinox. The evolution [...] Read more

READY, SET, GO: THE WORKPLACE PERFORMANCE SURVEY

15Jun Chris Marrable, Director, Strategic Consulting Employees are seeking organizations with office space that makes them want to come to work. After all, it’s no secret that productive workspace influences employees wellbeing, creativity and engagement. So you must ask yourself, does [...] Read more

OVER 1,000 PREMIUM AND PREMIUM PLUS APARTMENTS ARE SCHEDULED TO BE DELIVERED IN THE NEXT TWO YEARS

Over 1,000 premium and premium plus apartments are scheduled to be delivered in the next two years, a study by Cushman & Wakefield Echinox said. Accordingly, over 40% of premium and premium plus scheduled to be delivered within the next year have [...] Read more

ROMANIAN ENTREPRENEUR WILL OPEN LARGEST RESTAURANT IN AN OFFICE BUILDING IN BUCHAREST

“Boutique Food Hall will be the largest restaurant opened at the ground floor of an office building, and the new concept, which is a first for the local market, aims to meet the increasingly diverse and sophisticated needs of employees in Bucharest. The restaurant will benefit from the presence of [...] Read more

ROMANIA IS ON THE THIRD PLACE IN TOP EUROPEAN COUNTRIES WITH THE NEWEST MALLS STOCK

Romania is on the third place in top European countries with the newest malls stock, taking into account that 82 percent of the commercial centers functional at the end of 2016 were delivered in the last 10 years, compared with a share of 38 percent [...] Read more

ROMANIA’S MALLS, AMONG THE NEWEST IN EUROPE

Romania ranks third among the European countries with the newest stock of malls, with 82 percent of the commercial centers operational at end-2016, being delivered in the last 10 years, compared to only 38 percent at European level, Cushman & [...] Read more

LAND DEALS IN BUCHAREST REACH FRESH HIGH OF EUR 127 MLN IN 2016 DRIVEN BY RESIDENTIAL, SAYS REPORT

The land market in Bucharest recorded combined deals of 110 hectares in 2016, up 114 percent versus the previous year, while the value of the transactions gained 41 percent to EUR 127 million, according to real estate consultancy Cushman & Wa [...] Read more

LIVE TEXT: REALTY 2017 – THE OUTLOOK OF THE REAL ESTATE MARKET IN ROMANIA

Monica Vasile, senior broker, Office Agency, Cushman & Wakefield Echinox: “We have reached 60 percent net demand, as there are companies that have either rented more or have expanded their operations. Last year, the non-occupancy rate stoo [...] Read more

REAL ESTATE INVESTMENTS IN ROMANIA COULD REACH EUR 1.4 BLN IN 2017

The positive economic outlook, new investors on the market and fresh projects going up for sale should see this year’s investments in real estate acquisitions go as high as EUR 1.4 billion, predicts Cushman & Wakefield Echinox. A real estate investment volume of between EUR 1.2 and 1.4 billion [...] Read more

DTZ ECHINOX REBRANDS AS CUSHMAN & WAKEFIELD ECHINOX, TARGETS 35 PCT GROWTH

Local real estate services company DTZ Echinox has officially rebranded into Cushman & Wakefield Echinox following a global exclusive agreement. The formal affiliation follows the 2015 global merger of DTZ and Cushman & Wakefield. Local Echinox had a been a DTZ affiliate since 2002. The ne [...] Read more

MANY REAL ESTATE INVESTORS IN ROMANIA COME FROM OUTSIDE EUROPE

Almost 70% of the value of real estate transactions made in Romania in 2017 were carried out by investors from outside Europe, from countries such as Singapore, South Africa, or USA. The local real estate market saw an increasing liquidity in 2016, said Tim Wilkinson, Partner in DTZ Echinox. The yie [...] Read more

ALMOST HALF THE MODERN RETAIL SURFACE IN BUCHAREST, CONCENTRATED IN SECTORS 3 & 6

Almost half the modern retail surface in Bucharest is found in Sectors 3 and 6, a study by DTZ Echinox shows. The stock of modern retail in Bucharest totaled last year 1.225 million sqm, after developers completed two new commercial centers with a total GLA of around 100,000 sqm. At the end of 2016, [...] Read more

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