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» Chronological View: " South Eastern Europe " «

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

Fiscal and debt levels in CEE: the future will prove more challenging

The governments in the CEE region have made strong strides over the past few years when it comes to lowering their public debt levels. The gross public debt-to-GDP ratio for the CEE region as a whole declined from 53.9% in 2013 to 48.3% in 2017 – well below the Euro Area average of nearly 90%. Debt reduction was helped by bot...
Tuesday, 26. June 2018

Hagag to develop luxury residential project in Bucharest

Hagag Development Europe will develop the H Eliade 9 Residence in Bucharest’s Primăverii district, on a 2,000 sqm plot. The development will comprise an area of around 6,000 sqm with 35 luxury apartments and 70 parking spaces both outdoor and underground. 25 percentt of the units have already been reserved. It’s exact locatio...
Monday, 25. June 2018

Last phase of Globalworth Campus begins

Globalworth starts the construction of the last phase of Globalworth Campus complex in Bucharest, the Tower 3 building, with a total leasable area of 35,000 sq metres. It is the last office building from Campus and by the end of next year, the project will also integrate a conference centre. Globalworth Campus is under BREAM ...
Friday, 22. June 2018

H&M leases 1,000 sq metres at Unirii View as its future HQ

H&M Romania leased 1,000 sq metres in Unirii View, the office building in downtown Bucharest. The retailer will take up a superior floor within Unirii View. The new head quarter also offers space which will accommodate a showroom, where different events for partners or influencers will be hosted.
Friday, 22. June 2018

Colosseum Mall will be built at Colosseum Retail Park in Bucharest

The construction of the Colloseum Mall project and the expansion of the existing retail scheme with a new concept will start later this year. This stage of the development will cost €30 million and will combine commercial and office use. The 16,500 square meters of new GLA as an extension of existing retail development, Colos...
Tuesday, 12. June 2018

WWF moves to AFI Tech Park

AFI Europe Romania announces a new tenant in the first office building of the business campus AFI Tech Park in Bucharest. The new lease has been signed with the WWF Danube-Carpathian Programme Romania (WWF Romania), for an area of 350 sqm, for a period of 5 years. The lease process was intermediated by Colliers International,...
Monday, 4. June 2018

Greece's Piraeus Bank to sell €1.4bn bad loans to Bain Capital

Piraeus Bank S.A. has entered into an agreement with Bain Capital Credit LP in relation to the sale of non-performing and denounced corporate credit exposures, secured with real estate collateral, equivalent to €1,950mn total legal claims or €1,450mn on-balance sheet gross book value. The transaction is subject to customary c...
Wednesday, 30. May 2018