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Colliers Romanian Real Estate: Mid-Year H1 2020 Market Update
5 August 2020 • Real estateColliers Romanian Real Estate: Mid-Year H1 2020 Market Update To say that things will change in the wake of the coronavirus outbreak is a big understatement: a lot of aspects of the economy will never be the same.
06.11.2018 Buildings classified in various degrees of seismic risk in Bucharest
6 November 2018 • Real estateBuildings with seismic risk in Bucharest represent an old problem on the public agenda of the capital for years. It seems that in Bucharest, in the past 27 years, the local authorities have rehabilitated only 20 buildings due to the insufficient number of specialists (only 8 people) from the mayor's office dealing with this problem. To solve this problem, the City Hall set up in 2017 two entities, with 263 employees, carrying out actions dedicated to this area.
COS opens showroom in Timisoara’s ISHO Offices building
26 September 2018 • Real estateCorporate Office Solution (COS), the turn-key office specialist, will open the first showroom that the company has in the West of the country, in a generous space in the ISHO Offices building. This is the third COS showroom in Romania, the other two being functional in Bucharest and Cluj-Napoca.
Belgienii de la Liebrecht & wooD, proprietarii outletului Fashion House, investesc 24 mil. euro în 90 de locuinţe lângă Bucureşti: „Standardele românilor cresc atunci când vine vorba despre achiziţia unei noi locuinţe“
27 September 2018 • Real estateLocuinţele fac parte dintr-un proiect mai mare, de 4.500 de unităţi, care ar urma să fie construite în decurs de zece ani. Grupul belgian Liebrecht & wooD, care are în România outletul Fashion House din cartierul bucureştean Militari, investeşte într-un proiect rezidenţial gigant, cu 4.500 de locuinţe în localitatea Frumuşani de lângă Bucureşti, pe drumul către Olteniţa. Prima tranşă a investiţiei este de 24 de milioane de euro pentru mai puţin de o sută de unităţi.
Belgian developer Yves Weerts finalized EUR 33 million office building Unirii View
2 October 2018 • Real estateUnirii View, the tallest modern office building in downtown Bucharest, has been completed, following an investment of approximately EUR 33 million. The first companies that took up office space in the project already started to relocate their headquarters, whilst most others will follow in the immediate period.
The 10 most-hyped new NYC buildings
4 October 2018 • Real estateThe highly anticipated 111 W. 57th St. condo, on Billionaire’s Row, launched sales last week, with prices from $18 million to over $57 million. It ends a rocky few years for the under-construction luxury project, including lawsuits accusing developers JDS and Property Markets Group (PMG) of diluting the stake of an equity partner, and infighting that disrupted a previous sales effort. At a launch event, developers distanced the tower, which has made headlines for its slender silhouette, from the drama.
UPDATE – Romania’s central bank unveils tighter credit rules to reduce general indebtedness rates | Vasilescu: New rules to mostly affect small loans; no major change for mortgage loans
18 October 2018 • Real estateThe board of National Bank of Romania (BNR) has decided on Wednesday to limit indebtedness-to-income rates for all individuals taking loans from banks to 40 percent for RON loans and 20 percent for hard currencies loans from January 1st, 2019, the central bank said in a press release.
Colliers to coordinate WELL certifications for buildings 2 and 3 of the Campus office project
18 October 2018 • Real estateFind here more information about WELL Certifications! Following the success of green certifications, real estate projects are entering a new stage of evolution, focusing on the human factor present in buildings. Skanska is a pioneer in this respect, being the first developer to introduce the WELL Building standard in Romania with the latest project, which ensures a healthy interaction of the employees with the space they work in.
Hanner’s Fosta Fabrica mixed-used real estate project obtains all permits, will be completed in 2020
3 October 2018 • Real estateFosta Fabrica, Hanner’s restoration and conversion project of the former Grivita brewery, also known as the Luther Beer Factory, received all necessary permits and it is expected to be completed in 2020. The project runs on an area of over one hectare and includes four monuments to be restored and converted, as well as two new buildings. Fosta Fabrica is a mixed-use development that includes over 6,000 sqm of co-working and shared office space, 187 new apartments, 31 lofts, restaurants, bakery, in-situ brewery and restaurants, cocktail bar, cafes, commercial and event spaces, landscaping and parking.
Apartment building burns down in Bucharest, developer didn’t have building permit
9 September 2018 • Real estateAn apartment building in Bucharest’s District 5 burned down on Friday night leaving 54 families homeless. None of the residents was injured, but one of the firefighters who intervened needed to be taken to the hospital. The building had been finalized in 2013 but it had no building permit and the families living in it had no ownership contract. Instead, each family had a promissory contract signed with the developer, according to Mediafa
Residential developer plans EUR 50 mln investments in Romania
1 November 2018 • Real estateCordia Romania, the residential investment division of Futureal Group, has a EUR 50 million investment plan for the next year on the local market, part of a long-term development roadmap. “Romania will play a key role in the development of Cordia’s operations at regional level”, said Mauricio Mesa Gomez, CEO Cordia Romania and Member of the Board Cordia.
Merchant's House, vestiges dating back to the 14th century
5 November 2018 • Real estateThe Merchant’s House on Turnului street in Sibiu has its beginning in the fourteenth century. It has been accurately dated by specialists after the remains of a Gothic sprocket found in the attic of the house. Located in one of the most picturesque areas of the old town, in the "Lower Town", in a historic square, the building is part of the small circle of urban residences, built between the 1300s and the 1400s. In comparison, the oldest house in Bucharest, the Melik House – currently Theodor Pallady Museum, has a history of only 250 years.
Onix Park delivers the first 600 homes in 2019 following an investment of 32 million euros
22 November 2018 • Real estateOnix Park delivers the first 600 homes in 2019 following an investment of 32 million euros The first 600 apartments in Onix Park North Area Residence, the largest residential complex in construction in the Aviatiei area – Pipera Road, will be delivered in 2019, following an investment of 32 million euros, both in the construction of homes of facilities.
Romanian investors launch EUR 10 mln apartment project in Mogosoaia forest
27 November 2018 • Real estateRomanian investors launch EUR 10 mln apartment project in Mogosoaia forest Ecovillas, a real estate developer controlled by Romanian investors, will invest EUR 10 million in a residential project in the Mogosoaia forest, North of Bucharest. The project, called LOFT Green Apartments, will have a total of 154 apartments with one, two and three rooms and a 3,000 sqm-park.
Real estate developer Speedwell starts construction on Record Park in Cluj-Napoca, an EUR 42 mil. investment
26 November 2018 • Real estateReal estate developer Speedwell starts construction on Record Park in Cluj-Napoca, an EUR 42 mil. investment Real estate developer Speedwell has started the construction works for Record Park, the first mixed-use development and urban regeneration project in Cluj-Napoca. The development process will involve an investment of EUR 42 million, and the entire project is due in the second quarter of 2020.
19032018 Coldwell Banker: Residential developers in Bucharest and its surroundings invest EUR 750 M in new houses
19 March 2018 • Real estateColdwell Banker: Residential developers in Bucharest and its surroundings invest EUR 750 M in new houses 2018 has all the ingredients to be the most prolific year of the local residential market in its modern history. This year, the residential market will reach the highest level of maturity so far, according to the latest ’Residential Market Beat 2018’ report released by Coldwell Banker Romania. If, in 2015, almost 17 percent of the residential projects developed in Bucharest and its surroundings targeted the middle market, about 37 percent of the new offer developed in 2017 was for the same segment, according to Coldwell Banker Romania.
ROMANIAN REAL ESTATE MARKET REPORT Q3 2018
1 November 2018 • Real estateROMANIAN REAL ESTATE MARKET REPORT Q3 2018 By http://www.analizeimobiliare.ro/reports/ Access first hand information about the dynamics of the Romanian real estate market. Every quarter, we analyse the most important indicators on the Romanian real estate market in order to help investors better plan their businesses in Romania or real estate professionals be up to date with the latest market trends.
The Three Classes of Office Buildings
3 December 2018 • Real estateThe Three Classes of Office Buildings Not all office buildings are created equal – which is why a general classification system exists to categorize them by age, amenities, aesthetics, and general infrastructure. Commercial real estate brokers use these classes to prepare market data and justify the cost of leases within the building.
Expat of the day: Romania’s Greek “office king” makes EUR 2.6 mln a year
3 September 2015 • Real estateExpat of the day: Romania’s Greek “office king” makes EUR 2.6 mln a year Greek Ioannis Papalekas, one of the most powerful real estate investors in Romania, made over EUR 2.6 million last year as CEO of Globalworth, a real estate investment firm that is listed on London Stock Exchange’s AIM market, according to the company’s annual report. Most of this sum represents bonuses related to the company’s results in 2014, which Papalekas received in cash and shares.
How much does it cost to demolish Bucharest’s most controversial office building?
29 April 2015 • Real estateHow much does it cost to demolish Bucharest’s most controversial office building? Bucharest local authorities would have to pay EUR 100 million to demolish the controversial office building Cathedral Plaza, according to Greek investor Ioannis Papalekas, the building’s current owner. A Romanian court ruled in 2013 that the Bucharest City Hall should demolish the building, which is located in one of the city’s central areas. The reason was that the developers allegedly didn’t have a valid construction permit.
One United Properties received the building permit for One Herastrau Towers
22 October 2018 • Real estateOne United Properties received the building permit for One Herastrau Towers One United Properties, a real estate developer for exclusive residential and office buildings in Bucharest, founded by Andrei Diaconescu and Victor Capitanu, has been granted the building permit for One Herastrau Towers. The company has already begun preparations for the construction of a mixed set of housing, office and trade units. Located on the site of an abandoned building that has already been demolished by One United Properties, One Herastrau Towers will have a contemporary contemporary design with high-quality finishes, plus the benefits of green buildings.