Posts - Cushman & Wakefield Echinox

DEVELOPERS CONTINUED INVESTING IN THE RETAIL MARKET IN 2021 AND DELIVERED 10 NEW PROJECTS, MOSTLY IN CITIES WITH LESS THAN 150,000

Bucharest, February 2022: Ten new retail projects have abeen completed in Romania in 2021, with a total GLA of around 100,000 square meters, withsix of them, totaling 70,000 square meters, being delivered in Q4 2021. The developers' interest has shifted mostly towards tertiary cities with les [...] Read more

THE LOGISTICS MARKET SHOWED AN IMPRESSIVE RESILIENCE DURING THE PANDEMIC, BENEFITTING FROM IMPORTANT CONSUMER CHANGES: A RECORD LEVEL OF OVER 1 MIL SQ M HAVE BEEN TRANSACTED IN 2021

Bucharest, February 2022: The local logistics sector has not only shown resilience during the pandemic, but went on to benefit from consumer and business reactions to the sanitary crises. Thus, the leasing activity in 2021 has exceeded the 1 million sq. m threshold for the first time in the market� [...] Read more

DEVELOPERS CONTINUED INVESTING IN THE RETAIL MARKET IN 2021 AND DELIVERED 10 NEW PROJECTS, MOSTLY IN CITIES WITH LESS THAN 150,000 INHABITANTS

Bucharest, February 2022: Ten new retail projects have been completed in Romania in 2021, with a total GLA of around 100,000 square meters, withsix of them, totaling 70,000 square meters, being delivered in Q4 2021. The developers’ interest has shifted mostly towards tertiary cities with le [...] Read more

WORLD CLASS WILL OPEN A NEW LOCATION WITHIN THE ONE COTROCENI PARK PROJECT

Bucharest, February 2022: World Class will inaugurate a new location in a space of 2,352 square meters within the One Cotroceni Park project, developed by One United Properties in Bucharest. The transaction was intermediated by the real estate consulting company Cushman & Wakefield Echinox. T [...] Read more

MOBILE VET VETERINARY MEDICAL CLINICS OPENS ITS LOCATION WITHIN THE J8 OFFICE PARK BUILDING IN BUCHAREST CLINICS OPENS ITS LOCATION WITHIN THE J8 OFFICE PARK BUILDING IN BUCHAREST

Bucharest, February 2022: The network of Mobile Vet veterinary clinics and Mobile Pet veterinary pharmacies opens on February 5th its clinic within the J8 Office Park project in Bucharest, following an investment of approximately 500,000 euros, according to the real estate consulting company Cus [...] Read more

THE FINANCIAL, MEDICAL, IT&C AND RETAIL SECTORS, AMONG THE MOST ACTIVE ONES IN THE OFFICE LEASING MARKET

Bucharest, January 2022: The financial sector, medical service operators, the IT&C and retail companies were the most active tenants in the office leasing market in Bucharest last year, in terms of the average transaction size, according to the Cushman & Wakefield Echinox real estate consult [...] Read more

BUCHAREST HOTEL MARKET STARTED THE RECOVERY AFTER THE IMPACT OF COVID-19, OPERATORS ARE LOOKING TO EXPAND THEIR NETWORKS IN THE CITY

Bucharest, January 2022: The Bucharest hotel market has the highest growth among CEE Capitals in terms of revenue per available room (RevPAR), mainly driven by occupancy, during last year as a result of lift/ease on travel related restrictions and the re-scheduled event from 2020 to 2021 (i.e. Europ [...] Read more

ROMANIA, AMONG THE CENTRAL AND EASTERN EUROPEAN COUNTRIES WHERE THE REAL ESTATE TRANSACTIONAL VOLUME INCREASED IN 2021

Bucharest, January 2022: The volume invested in real estate assets in Romania, Poland and Slovakia increased in 2021, while the Czech and Hungarian markets witnessed a downturn when compared with 2020, according to data from the Cushman & Wakefield Echinox real estate consulting company. [...] Read more

VLAD SĂFTOIU, PROMOTED HEAD OF RESEARCH AT CUSHMAN & WAKEFIELD ECHINOX

Bucharest, January 2022: Cushman & Wakefield Echinox announces the promotion of Vlad Săftoiu as Head of Research. In his new role, Vlad will coordinate the activity of Cushman & Wakefield Echinox’s Research department, being responsible for producing public reports pertaining to the re [...] Read more

THE ASSET PORTFOLIO UNDER MANAGEMENT INCREASED BY 28% THIS YEAR

Bucharest, December 2021: The Asset Services department of the Cushman & Wakefield Echinox real estate consulting company increased its property portfolio by 28% in 2021, reaching approximately 500,000 square meters of office, logistics and retail spaces, both in Bucharest and the other parts of [...] Read more

CRISTI MOGA HAS BEEN APPOINTED AS HEAD OF THE CAPITAL MAKETS DEPARTMENT AT CUSHMAN & WAKEFIELD ECHINOX

Bucharest, December 2021: Cushman & Wakefield Echinox has appointed Cristi Moga as Head of Capital Markets. He will coordonate the activity of the team in charge with transacting real estate assets for investment purposes. Cristi joined Cushman & Wakefield Echinox (CWE) in October 2015 a [...] Read more

THE EMINESCU OFFICES BUILDING COMPLETES ITS TENANT MIX BY ATTRACTING A RECOVERY CLINIC

Bucharest, November 2021: The Eminescu Offices building, developed by Akcent Development in the central part of the Capital City and managed by the Asset Services team of Cushman & Wakefield Echinox, completes its tenant mix by attracting a recovery clinic within the project. Empatio Bucure� [...] Read more

CUSHMAN & WAKEFIELD ECHINOX EXPANDS THE TEAM, WITH CRISTINA LUPAȘCU JOINING AS DIRECTOR PR & RESEARCH

Bucharest, November 2021: Cushman & Wakefield Echinox consolidates the marketing and research teams by recruiting Cristina Lupașcu, with an experience of almost 20 years in media and real estate, as Director PR & Research. Cristina Lupașcu has worked in the media for 14 years, mostly w [...] Read more

MOBILE PET & MOBILE VET NETWORK OF VETERINARY MEDICAL SERVICES AND PET PRODUCTS EXPANDS WITH TWO NEW LOCATIONS IN BUCHAREST

Bucharest, November 2021: The network of veterinary medical services and pet products Mobile Pet & Mobile Vet expands with two new locations in Bucharest, of about 141 square meters and 137 square meters, to be opened in December and next year, respectively, two transactions intermediated by re [...] Read more

THE DEMAND FOR LOGISTICS AND INDUSTRIAL SPACES REACHED 562,000 IN THE FIRST 9 MONTHS OF 2021, A SLIGHT DECREASE

Bucharest, November 2021: The demand for logistics and industrial spaces reached 562,000 sq. m during the first 9 months of this year, a slight decrease of only 3% compared with the same period of 2020, according to the Cushman & Wakefield Echinox real estate consulting company. The leasing acti [...] Read more

CUSHMAN & WAKEFIELD ECHINOX STUDY: THE IMPORTANCE OF OFFICE SPACES REMAINS VITAL, WITH ONLY 10% OF THE EMPLOYEES WANTING TO WORK EXCLUSIVELY FROM HOME

Bucharest, October 2021: Romanian employees who had to work more from home in the last 18 months due to the COVID-19 pandemic want to return to the office, given that more than half of them associate coming back to the office with “the return to normality” and experience a lack of socializing [...] Read more

CLOUD 9 RESIDENTIAL PROJECT LOCATED IN THE AVIAŢIEI AREA REACHED A SELLING RATE OF 85% AFTER THE FIRST 8 MONTHS OF THE YEAR

Bucharest, September 2021: The Cloud 9 residential project developed by Akcent Development in the Aviației area in the northern part of Bucharest has sold 85% of its apartments, with more than 700 units sold out of a total of 820 apartments by the end of August. Although during the summer the [...] Read more

CUSHMAN & WAKEFIELD ECHINOX OFFERS CONSULTING SERVICES IN CONSTRUCTION TO THE COLOSSEUM MALL DEVELOPER PERTAINING TO THE COMPLETION OF THE MOST IMPORTANT COMMERCIAL PROJECT OF THE YEAR IN BUCHAREST

Bucharest, September 2021: The Cushman & Wakefield Echinox real estate consulting company has been appointed to provide consulting services in construction related to the current extension of Colosseum Mall, a project with a total area of 21,616 square meters. Colosseum Mall represents one [...] Read more

CUSHMAN & WAKEFIELD ECHINOX ASSISTED THE FORTRESS REIT INVESTMENT FUND IN THE ACQUISITION OF ELI PARK 1 LOGISTICS PARK IN BUFTEA

Bucharest, September 2021: The Cushman & Wakefield Echinox real estate consulting company assisted the South African Fortress REIT in the acquisition of ELI Park 1 logistics park in Buftea developed by Element Industrial and Dedeman. Located at a 4 kilometers distance from the Bucharest rin [...] Read more

MEAT2EAT OPENED A RESTAURANT ON THE GROUND FLOOR OF ONE TOWER OFFICE BUILDING

Bucharest, September 2021: Meat2Eat, a gastronomic concept active since 2015 and operating a butchery in the Domenii area and several burger shops, inaugurated its first steakhouse restaurant in a 400-square-meter space situated on the ground floor of One Tower office building in Bucharest, on [...] Read more

CUSHMAN & WAKEFIELD ECHINOX: 360,000 SQ. M OF LOGISTICS AND INDUSTRIAL SPACES WERE LEASED IN THE FIRST SEMESTER OF 2021, A 21% INCREASE

Bucharest, August 2021: In the first semester of 2021, 360,000 square meters of logistics and industrial spaces were leased, a 21% increase compared to the similar period of the previous year, according to the Cushman & Wakefield Echinox real estate consulting company. 200,000 square meters were [...] Read more

THE OFFICE BUILDING MENDELEEV OFFICE 5 REACHES AN OCCUPANCY RATE OF 95%, BOTH CONTRACTUALLY AND PHYSICALLY

Bucharest, August 2021: Mendeleev Office 5 office building, developed by Akcent Development in the center of the Capital and managed by the Asset Services team of Cushman & Wakefield Echinox, has attracted a new tenant, the advertising agency Jam Session Agency reaching an occupancy rate of 95%. [...] Read more

MODEST RETAIL DEVELOPMENT ACTIVITY IN THE FIRST 9 MONTHS OF THE YEAR, CONSISTENT PIPELINE FOR 2022

Bucharest, November 2021: The development activity in the retail market has been modest in the first nine months of this year, with only three small projects delivered, but we have also seen new retailers and developers entering the Romanian market this year, according to the Cushman & Wakefield [...] Read more

RETAIL PARKS IN ROMANIA PROVED TO BE TWICE MORE RESILIENT THAN SHOPPING CENTERS DURING THE PANDEMIC

Bucharest, August 2021: Retail parks in Romania proved to be much more resilient during the pandemic than shopping centers, the turnover of the companies that own such properties decreasing by 9.5% during 2020, compared with a decrease of 20.6% in the case of shopping centers, according to an analys [...] Read more

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