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» Chronological View: " South Eastern Europe " «

Vastint leases 4,000 m² in Timpuri Noi Square to KRUK Romania

Vastint leases 4,000 m² in Timpuri Noi Square to KRUK Romania

Vastint Romania and KRUK Romania have concluded a lease for 4,000 m² of office space in the Timpuri Noi Square mixed use office park, in Bucharest. KRUK Romania leased these 4,000 m² as a new location for its Bucharest Head Office. Besides Bucharest, more than 600 employees work in the Operational Center in Targoviste and thr...
Wednesday, 26. April 2017

P3 continues P3 Bucharest park expansion

P3 celebrated the start of construction of a new warehouse at P3 Bucharest park with a special ceremony to raise the first column. The 13,900 m² logistics facility will include 400 m2 of offices. P3 is already in advanced discussions with a potential customer interested in leasing the whole building. Since it purchased the pa...
Friday, 21. April 2017
Vastint leases 3,350 m² in Timpuri Noi Square

Vastint leases 3,350 m² in Timpuri Noi Square

Vastint Romania has concluded leases with Dcs plus and Impact Hub Bucharest for a total of 3,350 m² of office space in the mixed-use development project Timpuri Noi Square in Bucharest. Dcs plus leased 1,675 m². Impact Hub Bucharest leased also 1,675 m².
Wednesday, 19. April 2017

JLL intermediated a record level of industrial and logistic lease agreements in Q1

JLL advised industrial and logistic lease agreements totalling almost 100,000 sqm in Q1, for clients such as Profi, NOD, Tibbett Logistics, KLG and Kuehne + Nagel. The largest lease agreements involved Profi – 30,000 sqm in Roman, in the north-east of Romania and NOD – 30,000 sqm in Bucharest. Hence, Belgian developer WDP wil...
Wednesday, 12. April 2017

Growth slows but profits still on the up at hotels in Dublin

Whilst year-on-year growth in profit per room at hotels in Dublin slowed to 4.5 per cent for year-to-date 2017, the remarkable story of growth in top and bottom line performance at hotels in the Irish capital continues, according to the latest data from HotStats. Having become accustomed to the huge profit growth recorded at ...
Wednesday, 12. April 2017
Fratelli Group opens four new locations in Timpuri Noi Square

Fratelli Group opens four new locations in Timpuri Noi Square

Vastint Romania together with Fratelli Group have become partners in the initiative to transform the central area of Timpuri Noi in Bucharest into a self-sufficient destination. It is a complex investment that involves the opening of four Fratelli signature concepts, including Biutiful Downtown and Fratellini Bistro, all with...
Friday, 7. April 2017
Construction works advance at Unirii View in Bucharest

Construction works advance at Unirii View in Bucharest

Unirii View, the 18,000 m² office tower developed by Belgian investor Yves Weerts in downtown Bucharest, is advancing steadily and the underground works are expected to be finalized in Q2 2017. The building targets the Excellent ranking under the new BREEAM 2016 sustainability regulations, being the first project in Romania t...
Tuesday, 4. April 2017

Apleona GVA take over retail mandates for shopping centres

Apleona GVA won contracts for consultancy services, letting, and property management for retail projects and for specialist retailers in Turkey with a combined size of 80,000 m² in sales space. As part of these mandates, the real estate services provider will prepare the concept for the future tenant structure of three shoppi...
Monday, 20. March 2017

Turkey offers accessible climate for international investors

ISPAT joined forces with the cities of Turkey to promote the accessibility of investing in Turkish real estate at this year’s MIPIM. Speaking at the conference seminar ‘Why is Turkey a hot spot for investors?’, Chairman of ISPAT, Arda Ermut, and the Turkish Minister of Environment and urbanization, Mehmet Özhaseki, positioned...
Friday, 17. March 2017

Pre-sale deals with a growing share on the Bulgarian residential market

Colliers International’s residential mid-plus and high-end residential market overview of Sofia in 2016 confirms the deepening of the pre-sale deals trend. It started to gain more importance in 2015 as a result to the growing demand and the respective depletion of the completed high-quality product. As a result, the share of ...
Thursday, 16. March 2017

Automotive industry remains driver of the industrial property market

The light industry companies and the manufacturers of automotive components are the main demand driver for industrial space in Bulgaria, shows the latest market overview of Colliers International. A joint research project of Colliers in Bulgaria and Automotive Cluster Bulgaria, conducted in the second half of 2016, showed tha...
Thursday, 16. March 2017

Half of the deals on the office market were in Class A projects under construction

In the second half of 2016 class A offices in Bulgaria took 70% in the total supply, shows the latest research of Colliers International. The interest is generated mainly from companies coming from the outsourcing and IT sector, which has a growing share in the office market transactions – 60% during the first half of 2016 an...
Thursday, 16. March 2017

Total value of completed investment deals in 2016 reaches €262 mln

Colliers International’s latest research shows a positive outlook for the investment market in Bulgaria. The total value of completed investment deals in 2016 was slightly above the previous year’s results, reaching €262 mln. The three largest deals were the sale of Sofia Airport Center, SOMAT Logistic Park and Stokov Bazar I...
Thursday, 16. March 2017

Strong momentum for the retail property market in Bulgaria

The modern retail property market during the second half of 2016 continues its positive development, according to Colliers’ latest research. For the first time in a year, the total supply in Bulgaria saw an increase reaching 791,760 sqm, mostly due to the opening of Mall Markovo Tepe in Plovdiv. The demand for retail space in...
Thursday, 16. March 2017

DTZ Echinox rebranding as Cushman & Wakefield Echinox

Cushman & Wakefield has signed an exclusive arrangement with DTZ Echinox as its affiliate in Romania.  The formal affiliate appointment follows the 2015 global merger of Cushman & Wakefield and DTZ. DTZ Echinox had been DTZ’s partner in Romania since 2002. From today, DTZ Echinox will rebrand as Cushman & Wakefield Echinox.  ...
Tuesday, 14. March 2017
Fashion House Outlet Centre Bucharest sees new growth in 2016

Fashion House Outlet Centre Bucharest sees new growth in 2016

Fashion House Group, part of Liebrecht & wooD Group, registers yet another record-breaking performance of Fashion House Outlet Centre Bucharest, as a result of the improved economic conditions. In 2016, the first and only professional outlet centre in Romania gained 13 new tenants and significant consumer appetite, materializ...
Thursday, 2. March 2017

Immofinanz rents more than 80,000 sqm of office space in Bucharest

Immofinanz rented approx. 80,000 sqm of office space in Bucharest during the abbreviated 2016 financial year. That represents more than 40% of the total standing office portfolio in the core market Romania. These transactions are expected to increase the occupancy rate in the office sector in Romania from roughly 88% to more ...
Tuesday, 28. February 2017
JLL appoints Silviana Petre Badea to lead Romania business

JLL appoints Silviana Petre Badea to lead Romania business

JLL has appointed Silviana Petre Badea as Managing Director of its Romanian business, based in Bucharest, with effect from 1 March 2017. Petre Badea joined JLL at the start of 2015 to lead its capital markets business in Romania. During this time she has spearheaded the expansion and evolution of the team and services offered...
Tuesday, 28. February 2017