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» Chronological View: " South Eastern Europe " «

Vastint leases another 1,900 m² in Timpuri Noi Square

Vastint leases another 1,900 m² in Timpuri Noi Square

Vastint Romania leased 1,000 m² of office space to Netcentric Eastern Europe and 900 m² to Phoenix Contact in the mixed-use development project Timpuri Noi Square from Bucharest. Both choose the office building as headquarter.
Friday, 28. July 2017

E van Wijk agrees new lease at P3 Bucharest park

P3 has signed a deal with Logistic E van Wijk, provider of integrated transport and logistics services, to lease 10,180 m² of warehouse space and 252 m² of offices in the new Warehouse 6 at P3 Bucharest park. The space represents 75% of the total size of the warehouse. A team of 40 people will be based at the facility, which ...
Friday, 28. July 2017
Hystead acquires The Mall in Sofia

Hystead acquires The Mall in Sofia

South African fund Hystead acquires The Mall, located in the capital city Sofia. The acquisition, upwards of €156 million, represents the fourth investment in the region by Hystead Limited, a joint venture between Hyprop Investments and Homestead Limited, who previously acquired the Delta City shopping centres in Podgorica an...
Wednesday, 26. July 2017

Savills forms a co-operation partnership with Crosspoint

Savills has formed a co-operation partnership with commercial advisory firm Crosspoint Real Estate in Romania, in order to support its continued expansion across central and eastern Europe (CEE). Founded in 2005 and based in Bucharest, Crosspoint Real Estate employs 18 commercial real estate professionals and advises clients ...
Tuesday, 18. July 2017

Tibbett Logistics opens 15th warehouse in Bucharest

Tibbett Logistics, part of The Keswick Enterprises Group, has this week signed a new long-term lease with P3 on another 5 000 square metre (54,000 square foot) warehouse. The new facility is located in the eponymous P3 Bucharest Park to the west of Bucharest. Tibbett Logistics has leased warehousing in this logistics park s...
Tuesday, 18. July 2017

Vastint builds third office building of Timpuri Noi Square

Vastint Romania is closer to reach the planed 100,000 m² lettable area in the city center. Bog’Art was appointed as the general contractor for the third building with a total surface of 20,000 m² lettable area of modern, class A office and retail area. Located in the city center, along Splaiul Unirii, just across the street f...
Thursday, 13. July 2017

Skanska invests €37 million in the first phase of a new office project in Bucharest

Skanska invests €37 million in the first phase of the office project Equilibrium located in the northern part of Bucharest. The 12-storey building will comprise of 20,800 square meters of gross leasable area and 240 parking lots above- and underground. Construction is due to start in July 2017 and is scheduled for completion ...
Monday, 10. July 2017
AFI Europe Romania achieved LEED Platinum pre-certification for AFI Tech Park

AFI Europe Romania achieved LEED Platinum pre-certification for AFI Tech Park

AFI Tech Park, the newest office project developed by AFI Romania, achieved LEED Platinum pre-certification, the most prestigious recognition awarded by the United States Green Building Council in the area of sustainable buildings. AFI Tech Park is a business campus that will offer 56,000 sqm GLA of Class A office park, compr...
Friday, 7. July 2017

The VR Cinema is opening in Veranda Mall in Bucharest

The first VR cinema in Romania was recently opened in Veranda Mall, one of the most modern shopping centers from Bucharest. With an investment of more than €150.000, The VR Cinema in Veranda Mall is one of the world’s first. The VR Cinema from Veranda Mall offers 30 minute of VR experiences, this being the recommended duratio...
Tuesday, 4. July 2017
Skanska sells office building Green Court Bucharest C

Skanska sells office building Green Court Bucharest C

Skanska has sold the office building Green Court Bucharest C in Bucharest to Globalworth Real Estate Investments Ltd for €38 million. The transaction will be recorded by Skanska Commercial Development Europe in the second quarter 2017, with the transfer of the property scheduled for the third quarter 2017. The 12-story Buildi...
Friday, 30. June 2017
Colliers International manages building with private hospital

Colliers International manages building with private hospital

Colliers International was assigned by Hili Properties group to provide property management services for the Art Business Center office project, which houses the largest private hospital in Romania. Thus, Colliers International reaches a managed portfolio of over 280.000 leasable sqm and enters a new segment, that of private ...
Monday, 26. June 2017

Bucharest’s office market registers take-up of nearly 350,000 sq m

According to a Bucharest City Report by Knight Frank, Romania’s economy grew by 4.8% in 2016, the fastest rate since 2008. Bucharest’s office market registered one of the strongest years of take-up in 2016 reaching nearly 350,000 sq m. Leasing activity was led by IT and Communication and Business Process Outsourcing (BPO) com...
Thursday, 8. June 2017

Colliers International launches Retail Services business line

Colliers International has launched a new business line, Retail Services, and aims to become a „one-stop shop” for retail developers. The Retail Services Division is coordinated by Simina (Istrate) Niculiţă, who has more than 12 years of experience in the real estate market, being in charge of both renting and selling shoppin...
Wednesday, 7. June 2017
Sur Yapı Marka in Bursa: New shopping center in Turkey opened

Sur Yapı Marka in Bursa: New shopping center in Turkey opened

The new Sur Yapı Marka shopping center in Bursa, Turkey, opened its doors for the first time last Thursday. The center accommodates a total of 250 shops on a leasable area of 75.000 m². It is part of a mixed-use real estate development that also includes several office and residential buildings. The shopping center also compr...
Tuesday, 6. June 2017
AFI Europe and Dedeman sign agreemets to sell the AFI Park

AFI Europe and Dedeman sign agreemets to sell the AFI Park

AFI Europe signed a pre-agreement to sell AFI Park 1-3 office buildings to Dedeman, a leading company in Romania in the DIY retail segment. The agreement also includes an option to sell AFI Park 4&5. The total price for AFI 1-5 is approx. €164 million.
Friday, 2. June 2017

AFI Europe Romania increases Net Operating Income (NOI) of Romanian Portfolio by 12.7%

AFI Europe Romania published its Q1 2017 financial results, generating a Net Operating Income (NOI) from its income producing assets in Romania of €12.2 million; representing an increase of 12.7% compared to the same period in 2016. AFI Cotroceni, the dominant Shopping Mall in Romania, generated a Net Operating Income (NOI) o...
Monday, 29. May 2017