Posts - Cushman & Wakefield Echinox

The minimum wage increases have been having the highest impact on office occupancy costs

The office occupancy costs in Bucharest have increased by approximately 10% over the past two years, being driven by the growth in operational costs and by the rent indexations in a period with high inflation. The most significant factors impacting operational costs have been the rise in the minimum [...] Read more

BOGNER, the renowned German Fashion Company in Athluxury Sports Fashion, enters the Romanian market with its first store at JW Marriott Bucharest Grand Hotel

Bucharest, September 2024: BOGNER, the renowned German fashion company specializing in athluxury sports fashion, globally active and represented in over 50 countries, is expanding into the Romanian market by opening its first store in the country within the shopping gallery The Grand Avenue, located [...] Read more

NewCold enters in Romania by aquiring a 9-hectare land plot from the Belgian developer WDP in the Northern of Bucharest

Bucharest, September 2024: NewCold, one of the largest automated and cold chain international logistics companies, has entered the Romanian market through a 9-hectare land plot acquisition from the Belgian developer WDP, in the Northern part of Bucharest, in the proximity of the A0 ring road. The [...] Read more

Companies leased new offices for around 8,000 employees during H1 2024, with a considerable new demand rebound

Bucharest, September 2024: The net office take-up in Bucharest across Q2 exceeded the renewal and renegociation transactional volume for the first time during the last two years, with a positive impact on the average vacancy rate, given that no new office projects were delivered in H1, according to [...] Read more

Retail projects totaling more than 87,000 sq. m were delivered in Romania across H1 2024, as the shopping center format dominated the development activity

Bucharest, August 2024: Retail projects totaling more than 87,000 sq. m were delivered throughout H1 2024, corresponding to a sharp increase when compared with the 30,000 sq. m new supply from the same period of 2023. This year’s evolution was mainly fueled by the second quarter completions, accor [...] Read more

The Bucharest hotel market is experiencing the highest supply growth among the CEE capitals between 2024 and 2026

Bucharest, August 2024: The demand on the Bucharest hotel market in the first half of the year compared to the same period of 2023 had experience an increase of 3%, however, it remained below the 2019 level, according to data from the real estate consulting company Cushman & Wakefield Cushman &a [...] Read more

AFI Europe acquired the myhive Victoriei office building from Immofinanz

The real estate developer AFI Europe has acquired the myhive Victoriei building on Calea Victoriei from the Austrian commercial real estate group Immofinanz. The transaction, valued at approximately 27 million euros, was facilitated by Cushman & Wakefield Echinox & Colliers International. [...] Read more

Cushman & Wakefield Echinox advised Infineon Technologies in a 20,000 sq. m office pre-lease transaction, the largest ever contract in terms of value signed in Romania

Bucharest, August 2024: The Cushman & Wakefield Echinox real estate consultancy company advised Infineon Technologies in a 20,000 sq. m office pre-lease transaction in Bucharest, the largest such transaction in a yet to be developed office building signed in Romania in the last five years. Moreo [...] Read more

The real estate transaction volume in Romania increased by 131% y-o-y during H1 2024, registering the highest growth rate in the CEE

Bucharest, August 2024: Romania recorded a 131% y-o-y growth of the real estate transaction volume during H1 2024, reaching a level of €418 million, corresponding to the highest growth rate in the Central and Eastern Europe (CEE). This significant evolution places Romania 3rd in the region, follo [...] Read more

The H1 2024 new demand for industrial & logistics spaces was more than double compared with the new supply in the same period

Bucharest, August 2024: Companies leased 410,500 sq. m of industrial & logistics spaces in H1, a total which reflects a 25% drop when compared with H1 2023. However, the new demand had a share of 52% in the overall leasing volume in the same period (213,500 sq. m), more than double vs. the new s [...] Read more

Cushman & Wakefield Echinox announces new tenants within Arghezi 4 office building developed by Strabag Real Estate in city center of Bucharest

Bucharest, July 2024: Cushman & Wakefield Echinox is pleased to announce that four local businesses - Sciccheria, Steam, Velocita, and French Revolution - are the newest tenants within the boutique office building Arghezi 4, located in the heart of Bucharest, near University Square. The Itali [...] Read more

Personal development or nutrition workshops and also product tastings are highly appreciated by the employees working in office buildings

Bucharest, July 2024: Personal development and nutrition workshops, massage sessions and multisensory experiences such as cheese or ice cream tastings organized by office building landlords are highly appreciated by employees. These initiatives aim to create a work environment which encourages a gra [...] Read more

Crane ChemPharma secured 3,000 square meters of production space whithin Industra Park Arad developed by Oresa Industra

Bucharest, July 2024: Crane ChemPharma & Energy, a global industrial manufacturer and subsidiary of Crane Company, secured a lease for 3,000 square meters of production space within Industra Park Arad in Romania, developed by Oresa Industra. This initiative, facilitated by the real estate consul [...] Read more

Romanians spent €36 billion in large retail chains across 2023, up 11% vs. 2022; supermarkets and hypermarkets accounted for more than 60%

Bucharest, July 2024: Romanians spent €36 billion in large retail chains, an amount 11% higher compared with 2022, out of which the FMCG spending accounted for €22.5 billion euros (more than 60% share), according to the Romania Retail Snapshot 2024 performed by the Cushman & Wakefield Echino [...] Read more

The total 2023 cinema box office in Romania increased by 25%, exceeding the previous record level from 2019

Bucharest, June 2024: Romanians spent €63 million in cinemas last year, an amount 25% higher compared with 2022, as ticket prices also recorded a 8.2% y-o-y increase, according to the data offered by the Romanian Film Center and analyzed by the Cushman & Wakefield Echinox real estate consult [...] Read more

The Mobile Pet & Mobile Vet network of veterinary medical services and pet products opens a new location in One Cotroceni Park Bucharest

Bucharest, June 2024: The Mobile Vet and Mobile Pet veterinary clinic and pharmacy network opens its 4th clinic in Bucharets within One Cotroceni Park, following an investment of approximately €500,000, according to the Cushman & Wakefield Echinox real estate consultancy company, who brokered [...] Read more

Cristina Lupașcu was appointed Head of Marketing at Cushman & Wakefield Echinox

Bucharest, June 2024: Cushman & Wakefield Echinox appointed Cristina Lupașcu as Head of Marketing. Cristina joined Cushman & Wakefield Echinox in 2021 as Director PR & Research, being responsible for assisting both the PR & Marketing and Reserch departments. She has more than 20 [...] Read more

Leroy Merlin, the second-largest DIY retailer in Romania by turnover, will open its first store in Pitesti in H2 2024

Bucharest, June 2024: Leroy Merlin, the second-largest DIY retailer in Romania by turnover, leased a 9,000 sq. m space within Pitesti Shopping Park, developed by Square 7 Properties, through a transaction brokered by the Cushman & Wakefield Echinox real estate consultancy company. The unit in [...] Read more

Cushman & Wakefield Echinox registered a 15% revenue growth across 2023 in a stagnant market and now ranks 2nd among real estate consultancy companies

Cushman & Wakefield Echinox closed 2023 with a revenue of over €12 million, marking a 15% increase compared with 2022, in a year marked by a stagnation of this particular business segment. The company's growth drivers included both its brokerage service business lines – offices, retail, i [...] Read more

Cushman & Wakefield Echinox coordinated the LEED certification process of Globalworth Tower Center International, the fourth-tallest office project in Bucharest

Bucharest, May 2024: Cushman & Wakefield Echinox coordinated the LEED certification process for Globalworth Tower Center International (TCI), one of the most iconic buildings in Bucharest, serving more than 2,000 occupants. The certification, granted by the U.S. Green Building Council, recognize [...] Read more

After a slow first quarter in terms of retail new supply, the rest of the year will be very active, with new projects totaling around 120,000 sq. m due to be delivered

Bucharest, May 2024: The retail market in Romania had a slow start this year in terms of development activity. However, a consistent recovery is expected for the rest of the year, as projects totaling approximately 120,000 sq. m are scheduled to be completed in the coming months, according to data f [...] Read more

Demand for office spaces surged by over 60%, with transactions up to 1,000 sq. m being the most prevalent, corresponding to a significant 63% y-o-y increase

Bucharest, May 2024: The office market in Bucharest has shown a sustained demand growth in Q1, both in terms of the transacted volume and of the average lease size, amid an extremely limited new supply, according to data from the Cushman & Wakefield Echinox real estate consultancy company. Co [...] Read more

Manufacturing companies were driving the industrial & logistics leasing market in Q1 2024 leasing approximately 200,000 sq. m of industrial and logistics spaces

Bucharest, May 2024: Companies leased approximately 200,000 sq. m of industrial and logistics spaces in Q1, the demand being primarily generated by manufacturing companies, FMCG and logistics operators, according to data from the Cushman & Wakefield Echinox real estate consultancy company. Roman [...] Read more

Flydubai, the UAE-based airline, opens an office in Bucharest in the Eminescu Offices building through a transaction brokered by the Cushman & Wakefield Echinox

Bucharest, April 2024: flydubai, the UAE-based airline, opens an office in Bucharest in the Eminescu Offices building through a transaction brokered by the Cushman & Wakefield Echinox real estate consultancy company. flydubai, founded in 2008, is a low-cost airline from the United Arab Emirat [...] Read more

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