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 moreHome | News
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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 moreTHE 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 moreARE THERE TOO MANY DWELLINGS BEING BUILT IN ROMANIA?
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 of building sites have em [...] Read moreROMANIA’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 moreMODERN 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 moreTHE 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 moreTHE 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 moreCENTRAL 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 moreTHE 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 moreTHE 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 moreA 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 moreVASTINT 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 moreBITDEFENDER 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 moreNEW 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 moreCUSHMAN & 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 moreROMANIA 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 moreTHE 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 moreAMOMA, 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 moreTHE 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 moreREADY, 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 moreOVER 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 moreROMANIAN 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 moreROMANIA 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