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» Chronological View: " South Eastern Europe " «

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

Orbis Hotel Group opens Mercure Sighisoara

Orbis Hotel Group, strategic partner of AccorHotels, in Eastern Europe and the sole licensor of all AccorHotels brands in the region further strengthens its development in Romania with the opening of Mercure Sighisoara, the first Mercure hotel outside Bucharest.
Friday, 26. May 2017

Orbis Hotel Group continues the expansion of its network in the Balkan region

Orbis Hotel Group is further developing its network of hotels in the Balkan region with the signature of a franchise agreement for a Novotel hotel in Sarajevo with its local partner and investor, Al Shiddi Group. The existing Hotel Bristol will join the Novotel network in 3Q 2017, and will be part of the Novotel family, midsc...
Tuesday, 23. May 2017

CBRE continues to manage Campona and Pólus Center shopping centres

CPI Property purchases the commercial real estate portfolio of CBRE Global Investors. CPI Property Group acquired the portfolio of 11 commercial properties in Hungary, Czech Republic, Poland and Romania from funds managed by CBRE Global Investors. In Hungary the portfolio includes the Campona and Pólus shopping centres, Andrá...
Thursday, 18. May 2017

Cushman & Wakefield and Forton extend exclusive affiliation

Cushman & Wakefield has renewed and rebranded its exclusive arrangement with Forton as its affiliate in Bulgaria and Macedonia. The formal affiliate appointment follows the 2015 global merger of Cushman & Wakefield and DTZ. Forton has been Cushman & Wakefield’s partner since 2006. From today, Forton will rebrand as Cushman & ...
Tuesday, 2. May 2017
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