Cushman | Romania Feed

The Bucharest hotel market remains attractive for hotel operators to expand their networks in Central and Eastern Europe (CEE). Bucharest is the 5th most attractive market out of 20 cities in CEE in terms of the interest of the main operators to invest in new hotel facilities in the next period, real estate consultant Cushman & Wakefield says in a report.

Central and Eastern Europe, including Romania, is benefiting from the relocation of production activities from more far away countries, such as Asian ones, closer to consumers, particularly owing to the significantly lower costs compared to Western Europe, reads a report drawn up by real estate consultancy Cushman & Wakefield.

Approximately 500,000 square meters of office spaces are unoccupied in capital city Bucharest, reflecting a vacancy rate of 15.2%, and the highest availability is reported in the Pipera North, Center-West and Floreasca – Barbu Vacarescu submarkets, as per data from real estate consulting firm Cushman & Wakefield Echinox.

The investors already active on the local real estate market are interested to consolidate their positions, but one can notice the absence of investors from a specific part of the world, says Mihnea Serbanescu, general manager of real estate consultant Cushman & Wakefield Echinox.

Major retail networks in 2021 registered overall turnover almost 20% higher than in 2019, a pre-pandemic year, 60% above the consumption growth rate of the past two years (12.5%) and above the overall inflation of 2020-2021, of 7.8%, reveals Romania Retail Snapshot survey carried out by Cushman & Wakefield Echinox.

ENEVO Group moves its office within the AFI Lakeview owned by AFI EUROPE and located in the Floreasca-Barbu Vacarescu area in Bucharest, one of the main office hub in the country, in a transaction brokered by the real estate consulting company Cushman & Wakefield Echinox.   ENEVO Group of companies covers a diverse range of […]

Cushman & Wakefield Echinox  consolidates the Asset Services department by appointing Roxana Nicolae as Workplace Manager. Roxana Nicolae has 17 years of experience in Integrated Facilities Management for corporate clients, such as Bitdefender, Adobe or Superbet. In her new role, Roxana will coordonate the Integrated Facilities Management services for Cushman & Wakefield Echinox’s corporate accounts and […]

The leasing of industrial and logistics spaces increased by 50% in the first quarter of 2022 compared with the same period of last year, exceeding the 300,000 square meter threshold, thus creating the premises for a new record year in terms of demand for this type of spaces, according to the Cushman & Wakefield Echinox […]

The valuation department of the Cushman & Wakefield Echinox real estate consultancy company appraised over 380 properties with a total value of 5.5 billion euros in 2021.   The valuation department’s portfolio increased by 10% in terms of the number of properties, while the total value of the appraised assets increased by 40%, due to […]

72,522 units were delivered across Romania in 2021, a record level on the residential market since 1989, marking a 7% increase compared with 2020, according to an analysis performed by the Cushman & Wakefield Echinox real estate consultancy company based on county statistical data released by the National Institute of Statistics.   An annual average […]

The office stock in the Center-West area of Bucharest, near Politehnica University, will surpass the existing stock from Floreasca-Barbu Văcarescu (which has been the main office hub in Bucharest for eight years) in 2022, , according to data from the Cushman & Wakefield Echinox real estate consultancy company.   The modern office stock in the […]

Real estate consulting team Cushman & Wakefield Echinox expands its Land & Industrial team coordinated by Andrei Branzea by recruiting Marius Frunzuc and Stefan Oprea, who will be working as Land Agency consultants.

Cushman & Wakefield Echinox expands and consolidates its Land & Industrial team coordinated by Andrei Brînzea by recruiting Marius Frunzuc and Ștefan Oprea, two specialists with a combined experience of 33 years in the real estate market.   Marius and Ștefan have joined the Cushman & Wakefield Echinox team as Land Agency consultants, and will […]

The volume invested in real estate assets in Romania, Poland and Slovakia increased in 2021, while the Czech and Hungarian markets witnessed a downturn when compared with 2020, according to data from the Cushman & Wakefield Echinox real estate consulting company.   At the regional level, the total transacted volume reached 9.98 billion euros, a […]

The Asset Services department of the Cushman & Wakefield Echinox real estate consulting company increased its property portfolio by 28% in 2021, reaching approximately 500,000 square meters of office, logistics and retail spaces, both in Bucharest and the other parts of the country, while a growth of 10-15% is also estimated for 2022.   Mihaela […]

Cushman & Wakefield Echinox has appointed Cristi Moga as Head of Capital Markets. He will coordonate the activity of the team in charge with transacting real estate assets for investment purposes.   Cristi joined Cushman & Wakefield Echinox (CWE) in October 2015 and in 2018 he was promoted as Head of Research. He has conducted […]

Cushman & Wakefield Echinox consolidates the marketing and research teams by recruiting Cristina Lupașcu, with an experience of almost 20 years in media and real estate, as Director PR & Research.   Cristina Lupașcu has worked in the media for 14 years, mostly within the Mediafax news agency, covering the real estate area, after which […]

The real estate consulting company Cushman & Wakefield Echinox has been appointed to manage two Funshop Park projects developed in Romania in Rosiorii de Vede and Focșani by the Polish company Scallier, one of the most dynamic investors in small and medium retail parks.   Scallier’s first project in Romania has been opened at the […]

Real estate consulting company Cushman & Wakefield Echinox has appointed Raluca Mihaiu to the position of CFO & Operations Manager.

Real estate consultancy company Cushman & Wakefield Echinox said Thursday it has expanded and consolidated its Land & Industrial team by recruiting Liviu Marginean and Stefan Radeanu, two specialists with a combined experience of 22 years in the real estate market, within the department coordinated