Posts - Cushman & Wakefield Echinox

HOTELS IN ROMANIA ON THE JOURNEY OF SURVIVAL DURING THE COVID PANDEMIC

• COVID-19 has had a very rapid and drastic impact on the Romanian hotel sector. According to a previous survey performed in April – May 2020, 64% of hotels were already impacted within the last week of February. Together with the impact of COVID-19 on the bottom line of hotels, more employees a [...] Read more

CUSHMAN & WAKEFIELD ECHINOX ADVISES EMAG ON THE DEKRA TRUSTED FACILITY AUDIT AND CERTIFICATION PROCESS

Bucharest, December 2020: The real estate consulting company Cushman & Wakefield Echinox has advised the online retailer eMAG on the DEKRA Trusted Facility audit and certification process, which represents a confirmation that the safety measures against Covid-19 that the company has undertaken [...] Read more

THE GERMAN FASHION RETAILER MARC O’POLO OPENS THE LARGEST MONO-BRAND STORE IN ROMANIA, IN AFI COTROCENI

Bucharest, December 2020: The fashion brand MARC O’POLO, present in over 2,000 point of sales in 37 countries, opens the fourth mono-brand store in Romania in the AFI Palace Cotroceni shopping center in Bucharest, a transaction intermediated by the real estate consulting company Cushman & Wake [...] Read more

CUSHMAN & WAKEFIELD ECHINOX ADVISED MITISKA REIM ON THE SALE OF A PROPERTY IN BRAŞOV TO LEROY MERLIN ROMANIA

Bucharest, December 2020: The real estate consulting company Cushman & Wakefield Echinox advised Mitiska REIM to sell a property in Braşov to the French DIY retailer Leroy Merlin, which thus continues its expansion plans on the local market. Mitiska, a Belgian investor specialized in the dev [...] Read more

ŢIRIAC IMOBILIARE HAS APPOINTED CUSHMAN & WAKEFIELD ECHINOX AS PROPERTY MANAGER FOR THE MANAGEMENT OF ŢIRIAC TOWER OFFICE BUILDING IN BUCHAREST

Bucharest, December 2020: The real estate consulting company Cushman & Wakefield Echinox has been appointed to manage the Ţiriac Tower office building, one of the emblematic buildings situated in the business center of Bucharest (Central Business District), starting with October. As a result [...] Read more

THE OCCUPANCY COSTS OF OFFICE SPACES REPRESENT 3-4% OF THE TURNOVER OF SERVICES COMPANIES IN BUCHAREST

Bucharest, December 2020: The occupancy costs of office spaces represent, on average, between 3 and 4% of the turnover of services companies in Bucharest, and they may fall even below 2%, in some cases, according to an analysis of the real estate consultancy company Cushman & Wakefield Echinox. [...] Read more

FILDAS LEASES 3,800 SQUARE METERS IN VGP PARK BRAȘOV FOR A REGIONAL DISTRIBUTION CENTER

Bucharest, November 2020: The pharmaceutical company Fildas recently leased a warehouse with an area of 3,400 square meters and 400 square meters of offices for their regional distribution operations in Brasov, in the project that will be developed by VGP in the western part of the city. The t [...] Read more

THE ITALIAN COSMETICS RETAILER PUPA OPENS THREE MONO-BRAND STORES IN THE AFI LOCATIONS FROM BUCHAREST, PLOIEŞTI AND BRAŞOV

Bucharest, November 2020: PUPA, the Italian cosmetics brand present in Romania since 2015 through a network of six stores located in four cities, opens three new stores in the AFI Palace Cotroceni shopping center in Bucharest, AFI Palace Ploieşti and AFI Palace Braşov, following a lease agreement [...] Read more

BEBE TEI CONSOLIDATES ITS DISTRIBUTION CENTER IN BUCHAREST IN A NEW BUILDING, BUILT IN THE METAV INDUSTRIAL PARK

Bucharest, November 2020: The Tei Group, which includes the Farmacia Tei network of pharmacies and Bebe Tei stores, leased a space of approximately 10,000 square meters in the Metav industrial park in northern Bucharest, to build a semi-automatic warehouse, a transaction intermediated by the real e [...] Read more

AGROLAND OPENS THE LARGEST NETWORK STORE WITHIN THE PENNY CENTER FUNDENI PROJECT

Bucharest, November 2020: Agroland, the network stores specialized in selling agricultural products, established in 1997 in Timișoara, inaugurated the first Agroland MEGA unit in Bucharest and the largest store in the network within the Penny Center project in the Fundeni district of Bucharest, a t [...] Read more

THE LOGISTICS MARKET HAD ITS BEST PERIOD DURING THE PANDEMIC, WITH A RECORD DEMAND FROM RETAILERS AND LOGISTICS

Bucharest, November 2020: The Romanian logistics market will have a record demand in 2020, with a transactional volume exceeding the 700,000 square meters threshold, amid the accelerated development of ecommerce and the positioning of Bucharest as a regional logistics hub for a series of internation [...] Read more

BUCHAREST OFFICE MARKET CONTINUES TO DEVELOP, AMID A SLIGHT RETURN IN DEMAND IN THE THIRD QUARTER

Bucharest, November 2020: The office market in Bucharest continues to grow, in the first nine months of the year being delivered new spaces with a total area of 124,000 square meters, while developers have in various phases of construction buildings with a cumulative area of 388,000 squa [...] Read more

THE STOCK OF MODERN RETAIL SPACES IN ROMANIA HAS EXCEEDED THE 4 MILLION SQUARE METERS THRESHOLD

Bucharest, November 2020: The stock of modern retail spaces in Romania has exceeded the level of 4 million square meters after the latest deliveries of shopping centers, but the market development pace will slow down in the next period, according to real estate consulting company Cushman & Wakef [...] Read more

CUSHMAN & WAKEFIELD ECHINOX CONSOLIDATES ITS LAND & INDUSTRIAL DEPARTMENT AND CLOSES A NEW TRANSACTION WITH SAMEDAY

Bucharest, October 2020: Cushman & Wakefield Echinox continues to consolidate its Land & Industrial department by recruiting Ștefan Surcel and closes a new transaction with Sameday, this being the second leasing contract intermediated for the courier company in recent months. With four y [...] Read more

HALF OF BUCHAREST’S EMPLOYEES CONTINUED TO WORK MAINLY FROM HOME EVEN AFTER THE STATE OF EMERGENCY WAS LIFTED

Bucharest, October 2020: Half of the employees who normally work in office buildings continued to work mainly from home even after the state of emergency was lifted, despite the fact that, during the summer, most companies began to bring back their employees partially or through rotation in the off [...] Read more

THE FOCUS ON LARGE CUSTOMERS LEADS TO AN INCREASE IN THE VALUATION PORTFOLIO OF CUSHMAN & WAKEFIELD ECHINOX

Bucharest, October 2020: The valuation department of the real estate consulting company Cushman & Wakefield Echinox will appraise by the end of 2020 properties with a total value between 4.2 and 4.5 billion euros, with a slightly higher increase than the previous year. The positive results come [...] Read more

THE NEW METRO LINE IN DRUMUL TABEREI SERVES 150,000 RESIDENTS AND 20,000 EMPLOYEES WORKING IN MODERN OFFICE BUILDINGS

Bucharest, October 2020: The Râul Doamnei – Eroilor section of the M5 metro line, inaugurated in September, will shorten the travelling time for 150,000 Bucharest inhabitants who live near the 10 newly built stations, also offering a quick travel alternative for almost 20,000 employees working in [...] Read more

THE SOCIAL DISTANCING RULES CREATE OPPORTUNITIES ON BUCHAREST VILLA TRANSACTIONAL MARKET

Bucharest, September 2020: The Little Genius private school rented a historical monument villa located on Kiseleff Boulevard in Bucharest in order to meet the social distancing requirements imposed by the authorities, the transaction being intermediated by the real estate consulting company Cushman [...] Read more

ONLY 13% OF THE 9.1 MILLION ROMANIAN RESIDENCES WERE BUILT IN THE LAST 30 YEARS

Bucharest, September 2020: Approximately 1.22 million new residencies were built in Romania between 1990 and 2019, representing only 13.4% of the total dwellings stock calculated by the National Institute of Statistics, so the residential stock is mainly composed of apartments built under the commun [...] Read more

HARTMANN HAS A NEW OFFICE IN THE IMMOFINANZ MYHIVE IRIDE | NINETEEN PROJECT

Bucharest, September 2020: HARTMANN, the German company with over 200 years of tradition in the research and development of medical products, moves its office in Bucharest within the IRIDE Park project owned by Immofinanz. HARTMANN leased a 500 square meters workspace in the myhive IRIDE | nine [...] Read more

ROMANIAN INVESTMENT MARKET SHOWS RESILIENCE IN THE FACE OF THE PANDEMIC

Bucharest, September 2020: The recent transactions closed in the last weeks, with a total value of 400 million euros, demonstrate that the investment market in Romania remains strong and attractive even in the Covid-19 pandemic period, Romania no longer being just seen as just a fringe market of Cen [...] Read more

DEVELOPERS WILL DELIVER IN THE NEXT 16 MONTHS ALMOST 500,000 SQUARE METERS OF MODERN OFFICES IN BUCHAREST AND THE REGIONAL CITIES

Bucharest, August 2020: The office market in Bucharest and in the major regional cities – Cluj-Napoca, Timișoara, Iași and Brașov – continues to develop, with local and foreign investors having projects under construction or scheduled for delivery with an area of approximately 500,000 square [...] Read more

SAMEDAY CONTINUES ITS EXPANSION IN BUCHAREST IN A FORMER AUTO SHOWROOM IN TUNARI

Bucharest, August 2020: The delivery company Sameday continues its expansion in Romania in the context of a continuing growing market, by leasing a space with an area of approximately 1,200 square meters in Tunari, near Bucharest, a transaction intermediated by the industrial department of Cu [...] Read more

HOTELS IN ROMANIA RECORD ALL-TIME LOW FIGURES AS COVID-19 AND CONSEQUENT GOVERNMENT RESTRICTIONS SWEEP TRAVEL DEMAND AWAY

The COVID-19 had a very rapid and drastic impact on the Romanian hotel sector. According to the industry survey*, 64% of hotels were already impacted within the last week of February, when the virus was confirmed to have reached Romania. With the state of emergency having been declared on the 14th [...] Read more

News