Posts - Cushman & Wakefield Echinox

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

Join us in the celebration of Earth Day focusing on making small changes for our environment

We recognize that change needs to happen in all aspects of what we do, how we work and who we work with. We believe that demonstrating our sustainability commitments in the way we approach events is a natural part of our ESG journey. On April 22 join us in celebrating Earth Day. A day dedicat [...] Read more

18 Gym Fitness & Beauty expands in Arad within Agora Shopping Center, the former Galleria through a transaction brokered by the Cushman & Wakefield Echinox real estate consultancy company

Bucharest, April 2024: 18 Gym Fitness & Beauty, the third-largest health & fitness network in Romania and one of the most dynamic players in this sector, will open a new location within Agora Arad (the former Galleria Arad) through a transaction brokered by the Cushman & Wakefield Echino [...] Read more

On average, companies spend €15,000 on fitting out each employee's office space. With an average level of €943 per sq. m of office space, the cost in Bucharest is 32% below those in Warsaw and Prague

Bucharest, April 2024: The average office fit-out costs have increased by around 15-20% during the past 12 months, but they still remain among the lowest in the Central and Eastern Europe (CEE), according to data from the Cushman & Wakefield Echinox real estate consultancy company. With an avera [...] Read more

THE MODERN OFFICE STOCK IN THE MAJOR REGIONAL CITIES EXCEEDED 1 MILLION SQ. M; IASI OVERTAKES TIMISOARA AND BECOMES THE SECOND - LARGEST REGIONAL HUB, AFTER CLUJ - NAPOCA

Bucharest, April 2024: Developers finalized the construction of 83,000 sq. m of new office projects in the major regional cities (Cluj - Napoca, Timisoara, Iasi and Brasov) in 2023, as the modern office stock exceeded the 1 million sq. m threshold, representing around 30% of the corresponding total [...] Read more

STEFAN SURCEL, PROMOTED HEAD OF INDUSTRIAL AGENCY AT CUSHMAN & WAKEFIELD ECHINOX

Bucharest, April 2024: Cushman & Wakefield Echinox announces the promotion of Ștefan Surcel as Head of Industrial Agency. In his new role, Stefan will coordinate the activity of the company’s Industrial department and will focus on further developing the existing relationships with strateg [...] Read more

CPI ROMANIA HAS APPOINTED CUSHMAN & WAKEFIELD ECHINOX TO MANAGE THE EXPO BUSINESS PARK OFFICE PROJECT IN BUCHAREST

Bucharest, March 2024: The Cushman & Wakefield Echinox real estate consulting company has been appointed to manage the Expo Business Park office project, one of the most representative projects in the Expozitiei area of Bucharest, starting from January 2024. As a result, the portfolio managed [...] Read more

BUCHAREST AMONG THE MOST AFFORDABLE RESIDENTIAL MARKETS IN EUROPE; RISING WAGES AND EASING FINANCING CONDITIONS FAVOR HIGHER PRICES

Bucharest, March 2024: Bucharest ranks among the major European cities with the lowest housing prices and the highest affordability ratios, according to data from the Cushman & Wakefield Echinox real estate consultancy company. The expected increases in wages as a result of the positive economic [...] Read more

LEROY MERLIN TO EXPAND IN 2 KEY AREAS OF BUCHAREST WITHIN THE SUPERNOVA LUJERULUI AND SUPERNOVA PANTELIMON COMMERCIAL GALLERIES

Bucharest, March 2024: Leroy Merlin, the second-largest DIY retailer in Romania by revenue, leased 2 retail spaces in Bucharest with a combined area of 21,000 sq. m from the Supernova Group, through a transaction brokered by the Cushman & Wakefield Echinox real estate consultancy company. The [...] Read more

LA COCOS OPENS A NEW STORE IN BRASOV, WHICH BECOMES THE THIRD CITY WHERE THE LOCAL RETAIL CHAIN IS PRESENT

Bucharest, March 2024: The La Cocos local retail chain continues its expansion in Romania by opening a new store in Brasov, its fourth hypermarket in the country, through a transaction brokered by the Cushman & Wakefield Echinox real estate consultancy company. The new store will have an area of [...] Read more

BUCHAREST HOTEL MARKET REBOUNDS, A TREND THAT COULD ENCOURAGE THE OPPORTUNITIES IN TRANSACTION SCENE

Bucharest, February 2024: While the average hotel occupancy level across the CEE-6 capitals – including Bucharest, Bratislava, Budapest, Prague, Sofia, and Warsaw – in 2023 lagged 2019 by 9%, the ADR surpassed it by 23%, resulting in a 12% RevPAR growth, according to data from the real estate co [...] Read more

THE OFFICE MARKET PARADOX: RELUCTANT INVESTORS IN THE YEAR WITH THE HIGHEST TAKE-UP EVER

Bucharest, February 2024: Real estate investment transactions amounting to more than €600 million are currently in advanced stages of negotiation, as the volume registered throughout 2023 could be matched in the first half of this year, according to data from the Cushman & Wakefield Echinox re [...] Read more

NEW TAKE-UP RECORD SET ON THE BUCHAREST OFFICE MARKET IN 2023; MORE THAN 1 MILLION SQ. M WERE LEASED IN 2021-2023, IN A PERIOD WHEN TENANTS RECALIBRATED THEIR OFFICE NEEDS

Bucharest, February 2024: 116,000 sq. m of office spaces were leased in Bucharest in Q4 2023, thus bringing the total 2023 transactional volume to over 463,000 sq. m, an all – time annual take-up record, according to data from the Cushman & Wakefield Echinox real estate consultancy company. Th [...] Read more

THE MODERN STOCK OF INDUSTRIAL AND LOGISTICS SPACES EXCEEDED 7 MILLION SQ. M ACROSS THE COUNTRY; 500,000 SQ. M OF NEW PROJECTS DUE TO BE DELIVERED IN 2024

Bucharest, January 2024: The modern stock of industrial and logistics spaces exceeded 7 million sq. m across the country at the end of 2023, almost 80% of the total stock being concentrated in 3 development regions – Bucharest – Ilfov, West and South-Muntenia. Projects with a total area of ar [...] Read more

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