Wakefield Echinox | Romania Feed

Around 77,000 square meters of offices were traded in Bucharest in the second quarter of this year, with net demand posting a strong recovery, with a 62% share of traded volumes, the biggest quarterly weight since Q1/2022, in line with data provided by real estate consultancy Cushman & Wakefield Echinox.

Deliveries of new retail spaces in Romania in the first half of 2024 totaled 87,400 square meters, significantly up from 30,000 square meters completed in the similar period of 2023, an evolution fueled particularly by the development activity of the second quarter, in line with data provided by real estate consultancy Cushman & Wakefield Echinox.

Companies in the first half of this year leased industrial and logistic spaces with a total area of 410,500 square meters, down 25% from the year-earlier period. In terms of new demand, not including renegotiation contracts, this cumulated 52% of the volume of contracted spaces, namely 213,000 square meters, double the area delivered in the analyzed period, in line with data provided by real estate consultancy Cushman & Wakefield Echinox.

Real estate consulting company Cushman & Wakefield Echinox has appointed Cristina Lupascu, a specialist with more than 20 years of experience in media and real estate, to the position of Head of Marketing.

Real estate consultancy Cushman & Wakefield Echinox ended 2023 with EUR12 million revenues, up 15% from 2022, with growth supported both by business lines providing brokerage services, and professional services.

Real estate developers in 2023 completed office space projects totaling 83,000 square meters in Romania’s main regional cities, Cluj-Napoca, Timisoara, Iasi and Brasov and the modern stock crossed the threshold of 1 million square meters in these cities, accounting for around 30% of Bucharest stock, in line with data provided by Cushman & Wakefield Echinox.

Real estate consulting company Cushman & Wakefield Echinox strengthens its office agency by recruiting Anamaria Creţu, a specialist with 18 years of multinational corporate experience.

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 […]

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 […]