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» Chronological View: " South Eastern Europe " «

Ibis Styles Bucharest City Center to open in 1Q 2020

Hotel operator Orbis Hotel strengthens its position in the Romanian capital by signing a management contract for a new Ibis Styles hotel in the city center. The newly-built Ibis Styles Bucharest City Center, expected to be open in 1Q 2020, is developed in partnership with Romanian own...
Wednesday, 17. October 2018

Romania is the most successful country in the EU in terms of GDP/capita expansion

Following the global financial crisis ten years ago, Romania has come a long way in the last decade, with the economy seeing some radical transformations, as well as in real estate. The country's economic growth (the so-called sustainable rate) is currently at around 4%, which compares favourably to the EU average (below 2%) ...
Tuesday, 18. September 2018

Globalworth brings Starbucks to Globalworth Campus in Bucharest

Globalworth has signed a lease agreement with Starbucks to open a coffee shop in Tower 1 office building from Globalworth Campus in Bucharest. “When developing a project, in addition to workspaces adapted to our tenants’ personalities, we also focus on offering them a range of facilities in the immediate vicinity of the offi...
Monday, 17. September 2018

Liviu Tudor elected President of the European Property Federation

At its meeting in Göteborg, the EPF Managing Committee elected Liviu Tudor, CEO of Genesis Property and President of the Romanian Association of Building Owners, as President of EPF. Tudor, who created organised Romanian real estate and brought it into EPF, takes over at a time of EU consolidation and expansion in South East ...
Monday, 17. September 2018

Andrei Văcaru appointed as Head of Capital Markets JLL Romania

JLL has promoted Andrei Văcaru to Head of Capital Markets JLL Romania, effective 1st August 2018. Văcaru has over 13 years’ experience in the Romanian real estate market which spans over different segments including capital markets, consultancy, retail leasing and retail tenant representation. He joined JLL in May 2007 as S...
Wednesday, 22. August 2018

European logistics yield falls below 6% for first time on record

The overall European logistics yield dropped 14 bps to 5.95% in Q2 2018, the first time it has fallen below 6% since Cushman & Wakefield began consistently tracking the three main property sectors in 1992, according to the firm’s DNA of Real Estate report. All logistics markets monitored in Germany, Italy and Sweden recorded ...
Tuesday, 21. August 2018

Lion's Head Investments completes Megapark acquisition in Sofia

Robul, Universale International Realitaten and CA Immo has complete the biggest office investment deal in the last years in the Bulgarian capital. Lion's Head Investments, a joint-venture between Old Mutual & AG Capital, has acquired the Megapark business centre, which is with 45,000 sqm one of the largest office buildings in...
Wednesday, 15. August 2018

Profi moves into Anchor Plaza building in Bucharest

Profi leases 800 sqm of office space in Anchor Plaza in Bucharest, owned by Anchor Grup. JLL represented Profi in the selection of the best location and in negotiation of the leasing conditions. The retail chain will accommodate the 5th floor of the office building.
Monday, 13. August 2018

Orbis Hotel Group further develops its network in Romania

Orbis Hotel Group further develops its hotel network in Romania by entering Timisoara, the main social, economic and cultural center in western Romania. A management agreement for an initial period of 15 years has been signed between Orbis and its local partner and investor, Hotel Development S.A. for the...
Monday, 6. August 2018

Regional cities are increasingly present on international investors' radar

The accelerated economic development of the major regional cities in Romania is beginning to influence their real estate market as well. According to Colliers International, there are strong arguments to support the increased interest in office leasing and the strong investment potential, so cities such as Cluj-Napoca, Timiso...
Wednesday, 25. July 2018

Orbis buys the Mercure Bucharest Unirii for €11.35 million

Orbis has signed a purchase agreement for the plot, the building and the business related operations of the Mercure Bucharest Unirii for €11.35 million. The hotel has nearly 100 rooms and Orbis has been managing this hotel since late 2017 and currently refurbishes the building in accordance to the modernisation plan.
Monday, 23. July 2018

Globalworth signs lease for three office buildings in Bucharest

Globalworth has signed a lease agreement with Mindspace Ltd. to set up some 12,000 sqm of creative co-working spaces in Bucharest. The office spaces will be located in three buildings, namely Globalworth Campus, City Offices and Bucharest Tower Center. In addition, Globalworth will become a Mindspace shareholder by investing ...
Wednesday, 18. July 2018

P3 move into new headquarters at Charles de Gaulle Plaza in Bucharest

P3 relocated its headquarters to an office building on Charles de Gaulle Plaza in Bucharest, which is owned by GLL Real Estate Partners. P3 leases an area of 230 sq metres of office space on the top floor of Charles de Gaulle Plaza building, located in the immediate vicinity of Aviatorilor Metro Station and Herastrau Park. P3...
Tuesday, 17. July 2018

Wolf Theiss makes Claudia Chiper a Partner

Claudia Chiper has been named Partner at Wolf Theiss, where she is specialised in banking, finance, payment services and capital markets. She began working with the firm in 2008 and has been coordinating the banking & finance practice of our Bucharest office since October 2013.
Monday, 16. July 2018

Hagag breaks ground on its first office project: H Victoriei 109

Hagag Development Europe starts construction works for its first office project: H Victoriei 109. Over 8 million euros will be invested in consolidating and remodeling the building. Located in the centre of Bucharest, on 109 Calea Victoriei, the edifice will preserve its previous destination, being dedicated to the office seg...
Monday, 9. July 2018

Atrium completes exit in Romania

Further to its announcement of 27 April 2018, Atrium European Real Estate Limited has completed the sale of the Atrium Militari shopping centre in Bucharest to MAS Real Estate Inc. for €95 million, which represents a 9% premium to book value on 31 December 2017 #link(47273)#.
Monday, 9. July 2018

CBRE launches regional office for South Eastern Europe in Belgrade

CBRE has established a new regional office to provide real estate advisory services to international and domestic clients in South Eastern Europe. The new fully-owned CBRE operation based in Belgrade will be led by Andrew Peirson who has been working in the region since 2005. He joins from JLL where he was overseeing their So...
Thursday, 5. July 2018

First Property Group acquires Maestro Business Center office building in Cluj-Napoca

First Property Group has acquired the Maestro Business Center office building in Cluj-Napoca. Colliers International Romania advised on the sale. The Maestro Business Center is located in the centre of Cluj-Napoca. The strategic location and the quality of the project have attracted numerous international tenants, including S...
Tuesday, 3. July 2018