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The end of the first quarter in the Property Management Department was marked by a promotion of Costin Nistor to the position of Head of Property Management. Nistor has been active on the Romanian property market for over 15 years. As Head of Property Management department, he has been entrusted with the task of ensuring the ...
Vastint Romania has leased 1,700 m² of office space to Zitec, in the mixed-use development project at Timpuri Noi Square in Bucharest. Timpuri Noi Square is the largest mixed-use project in Romania today. Construction of the first two office buildings was finalized in 2017, adding 32,600 m² out of a planned total of up to 100...
Cushman & Wakefield has signed an exclusive arrangement with CBS International as its affiliate in Serbia and Montenegro. CBS International has entered into a second decade as real estate consultancy in Serbia for seven years now, advising property owners, investors and occupiers across all sectors on every aspect of their pr...
Orbis Hotel Group has appointed Emeline Sýkora-Wintrebert as Area General Manager for South-Eastern Europe responsible for the hotel operations in the region as of March 2018. Sýkora-Wintrebert will be based in Bucharest and is in charge of a dynamically growing network of hotels, comprising currently close to 20 properties i...
The European-based construction group Strabag SE, through its Romanian subsidiary, has been awarded the contract to build the 110 m tall ANA office tower in central Bucharest. The contract has a value of about €39 million. Completion is scheduled for October 2019.
David Hay the CEO of the company for the last 7 years announced his resignation and his intention to continue his professional path apart of the company. According to the group, the decision is a personal choice of Hay. All the projects of AFI Europe Romania will continue with no other changes and David Hay will assure the sm...
Real Estate developer Hagag Development Europe, part of the notorius Hagag Group from Israel, expands its portfolio by adding two properties in Bucharest located on Calea Victoriei and a plot of land of over 3 hectares in the vicinity of the Pipera Forest. The developer is planning investments worth up to €70 million.
First Property Group has entered into a lease with Teconnex Ltd, for around one-third of its warehouse in Tureni. The rent payable by Teconnex amounts to some €135,000 per annum.
AFI Europe Romania announces two new lease agreements for AFI Tech Park, the new business park the company is currently developing in Bucharest. RTC Proffice Experience, market leader in office stationery, leased approximately 650 sqm GLA in AFI Tech Park 1, and Ecovis Romania, a specialized international financial services c...
Colliers International, Automotive Cluster Bulgaria and Pwc conducted a second consecutive survey of the automotive industry in Bulgaria. There are approximately 130 automotive companies in the country, producing components for top international automotive brands. These are predominantly Tier 1, 2 and 3 suppliers and include ...
On behalf of regional investors, Apleona is taking on property and centre management and letting of the retail space in three Turkish shopping and outlet centres. The centres are Akyaka Park Shopping Centre and Olivium Outlet Centre, both located in Istanbul, and MarkAntalya Shopping Centre in Antalya in the southwest of the ...
Fashion House Outlet Centre Bucharest iis off to a good start in 2018. Four new partners have joined list of the scheme’s tenants, taking a total of 1,285 sqm of retail space. The latest addition to the lineup are: Koton, TinaR, Exclusive VN and English Home.
Game World Group signed a new lease agreement of approx. 2,000 sq m in AFI Tech Park 1. The lease terms offered by AFI Tech Park, including a no VAT base rent, provided the grounds for the gaming company to relocate to the new class A office park. Knight Frank has advised throughout the entire lease process.
La Strada Street Mall Concept has announced the construction of two new commercial centers which will be delivered by the end of the year. The first project La Strada was inaugurated at the end of 2016 in Popesti Leordeni suburb near Bucharest capital, close to a high density residential area, following a €5 million investmen...
AFI Europe Romania has received the building permit that allows for construction works to begin on AFI City, the first residential project developed by the company in Romania. The building process has been divided into phases, the first one being scheduled to begin in the next 2 months. Situated in the North-West part of Buch...
Skanska’s commercial development unit in CEE has appointed Aurelia Luca as Managing Director for Skanska Property Romania. She will also become a permanent member of Skanska CEE’s commercial development unit Management Team with immediate effect.
Last year, the total value of land transactions for real estate projects (excluding the industrial segment) increased significantly from 2016, exceeding the €350 million threshold at national level. According to Colliers International, about 70% of this value was ascribed to the capital, where land transactions for residenti...
Property investment volume for Romania is estimated at almost €1 billion last year, a value ca.10% higher than the one registered in 2016 (€890 million). Romania accounted 8% of the total investment volume recorded in CEE Region, of €12.98 billion (3.3% increase over 2016). The growth of the Romanian market exceeds the increa...
