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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 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…

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…

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…

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,…

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…

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…

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 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 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…