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CBRE advises CA Immo on the sale of its Romanian office platform 801 600 BUCHAREST REAL ESTATE CLUB

CBRE advises CA Immo on the sale of its Romanian office platform

Global real estate advisor, CBRE, has advised CA Immo on the sale of its Romanian office platform to Pavăl Holding. The portfolio is comprised of seven high-quality office properties located in Bucharest, as well as the highly experienced Romanian management team. Its acquisition makes Pavăl Holding the city’s second-largest office landlord.  “We are very happy…

THETA Furniture & More implemented the design for the new BCR unit in Cluj-Napoca 900 600 BUCHAREST REAL ESTATE CLUB

THETA Furniture & More implemented the design for the new BCR unit in Cluj-Napoca

THETA Furniture & More has finalized in November 2022 implementing the interior design services for the new BCR (Banca Comerciala Romana – Romanian Commercial Bank) unit in Cluj-Napoca. BCR has moved its County Branch from the old space in Cluj-Napoca to a new one in The Office Building, also located in Cluj-Napoca. The space area…

CERTION completes VOGH Olimp project, less than two years after the works started 1067 600 BUCHAREST REAL ESTATE CLUB

CERTION completes VOGH Olimp project, less than two years after the works started

The real estate developer CERTION announces the completion of VOGH project, the first brand residences operated as a hotel in Olimp, less than two years after the start of the works. Thus, the company is preparing to start the reception process and then the delivery of the apartments to customers, with the project to be…

Dennis Selinas appointed Chief Executive Officer of Globalworth Group 600 600 BUCHAREST REAL ESTATE CLUB

Dennis Selinas appointed Chief Executive Officer of Globalworth Group

Globalworth announced the appointment of Dennis Selinas as the new CEO of the Group. The Board of the company and Dimitris Raptis, the current CEO, have agreed for Mr Raptis to step down from his role both as CEO and as a member of the Board with effect from 31 December 2022. Dennis Selinas is…

Latest construction innovations discussed at BIMTECH, between 27-28 October 1200 599 BUCHAREST REAL ESTATE CLUB

Latest construction innovations discussed at BIMTECH, between 27-28 October

This autumn, BIMTECH will host the most important annual BIM Conference, BIMcon SUMMIT 2022.  For the 4th year in a row, the organizers are bringing experts which are up to date with the latest developments and processes implemented globally in the matter of building technologies and standards. The topics include openBIM, Industry 4.0 and Digital Twins,…

Despite numerous challenges, developers are willing to meet the market’s requests for new housing developments 901 600 BUCHAREST REAL ESTATE CLUB

Despite numerous challenges, developers are willing to meet the market’s requests for new housing developments

Over 150 real estate managers, investors and entrepreneurs gathered last week at Novotel to discuss the main challenges and opportunities at BREC RESIDENTIAL CONFERENCE: The Future of Quality Living. The economic impact of blocking the regional urban plans (PUZ) in the Capital is a significant one, Bucharest’s contribution to the national GDP already falling by…

10.4 billion euros, the loss of the added value in the economy, estimated for 2022-2026, because of the permitting blockage in Bucharest 901 600 BUCHAREST REAL ESTATE CLUB

10.4 billion euros, the loss of the added value in the economy, estimated for 2022-2026, because of the permitting blockage in Bucharest

Bucharest’s contribution to the total national GDP decreased by 2.4 percentage points from 2019 to 2021, the estimated losses for tax revenues being 17.2 billion lei (3.45 billion euros) until 2026. Those are the main conclusions of the first impact study regarding the blockage of the authorization process in Bucharest, carried out by financial analyst…

The WIPRO office fit-out in Globalworth Square finalised 600 600 BUCHAREST REAL ESTATE CLUB

The WIPRO office fit-out in Globalworth Square finalised

Globalworth has completed in September 2022 the fit-out project for its tenant, WIPRO, after several months of work. Globalworth Square is now the most technologically advanced building in the landlord’s portfolio. This office building obtained the BREEAM Outstanding certification, with 99% scoring, the 3rd highest worldwide. The space has nearly 11,000 square meters and includes: flexible workspaces, ergonomic furniture,…

Skanska to offer flex office spaces in partnership with DBH Group 783 600 BUCHAREST REAL ESTATE CLUB

Skanska to offer flex office spaces in partnership with DBH Group

Skanska leased at the beginning of September 2022 a total 5,100 sqm office spaces to DBH Group, to serve as flex office space. The long-term partnership includes 1,800 sqm in the Equilibrium 1 building in Bucharest, Romania, and 3,300 sqm in H 2 Offices in Budapest, Hungary. DBH Group develops and manages flex office spaces…

IMPACT – new capital increase in support of 1.3 billion EUR development projects 800 600 BUCHAREST REAL ESTATE CLUB

IMPACT – new capital increase in support of 1.3 billion EUR development projects

IMPACT Developer & Contractor issued a maximum of 125,000,000 shares in August 2022. The raised capital will support the company’s development strategy, which includes current projects with a gross development value of 1.3 billion EUR.  IMPACT is the first real estate developer listed on the Bucharest Stock Exchange and has the stock symbol „IMP”. This…

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