Posts - Cushman & Wakefield Echinox

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

PAIN PLAISIR ARTISAN BAKERY WILL OPEN A NEW LOCATION IN J8 OFFICE PARK

Bucharest, August 2021: Pain Plaisir artisan bakery will open in November 2021 a new location in Bucharest with an area of 68 square meters within the J8 Office Park project, developed by Portland Trust, a transaction intermediated by the real estate consulting company Cushman & Wakefield [...] Read more

CUSHMAN & WAKEFIELD ECHINOX: TRANSACTIONS TOTALING 300 MILLION EUROS HAVE BEEN CLOSED IN H1 2021, BACKED BY THE INCREASING OFFICE APPETITE OF THE AUSTRIAN INVESTORS

Bucharest, July 2021: The total value of transactions with commercial real estate assets in Romania reached 298 million euros in the first half of 2021, a 23% decrease compared to the same period of last year, the market being supported primarily by the return of the Austrian investors’ appetite f [...] Read more

GRAM BISTRO AND SUENTO OWNERS OPEN A NEW RESTAURANT ON THE GROUND FLOOR OF THE MENDELEEV OFFICE 5 OFFICE BUILDING IN THE CENTER OF THE CAPITAL

Bucharest, July 2021: Adriana Dănilă and Stelian Olaru, the owners of Gram Bistro and Suento by Gram restaurants, will open a new restaurant at the end of July on the ground floor of the Mendeleev Office 5 office building in Bucharest, a building developed by Akcent Development and managed by Cush [...] Read more

SUPERBET OPENS ITS FLAGSHIP AGENCY IN THE CITYGATE OFFICE PROJECT IN BUCHAREST

Bucharest, July 2021 – Superbet, the largest sports betting operator in Romania, present in over 1,000 agencies in the country, opened a new location within the City Gate project in Bucharest, a transaction intermediated by the real estate consulting company Cushman & Wakefield Echinox. Th [...] Read more

A&D PHARMA, PART OF DR.MAX GROUP, LEASED A 9,000 SQM WAREHOUSE IN CTPARK SIBIU

Bucharest, July 2021: A&D Pharma, a subsidiary of Dr.Max Group, which owns the phamacy chain with the same name, has leased a warehouse of 9,000 square meters in the CTPark Sibiu project located in the western part of the city, a transaction brokered by the Cushman & Wakefield Echinox real e [...] Read more

CUSHMAN & WAKEFIELD ECHINOX EXPANDS ITS TEAM, RALUCA MIHAIU JOINS THE MANAGEMENT DEPARTMENT

Bucharest, June 2021: Cushman & Wakefield Echinox consolidates its management team by recruiting Raluca Mihaiu, a specialist with over 15 years of experience in the real estate and construction sector, as CFO & Operations Manager. Raluca Mihaiu has a vast financial and operational experi [...] Read more

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