BUCHAREST REAL ESTATE CLUB

Shaping a New Era of Development in Southeast Europe

ANCA SIMIONESCU, LION`S HEAD:
Eyes on Expansion
ANCA SIMIONESCU, LION`S HEAD:
Eyes on Expansion 900 600 BUCHAREST REAL ESTATE CLUB

Profile:
Country Manager, Romania, Lion’s Head
Group portfolio value:
€ 350 million
Experience:
15 years in commercial and residential real estate

Anca Simionescu is a senior real estate professional, with a wide expertise in commercial and residential real estate investment, asset management and business development. She was previously part of the managerial teams of companies such as Asmita Group, Skanska Romania, or Sterncor UK. As of September 2020 she was appointed Lion’s Head’s Country Manager for Romania, responsible for the implementation of the Group’s strategy in the country.

“The priorities have remained the same: ensuring a safe working environment for our tenants and permanent dialogue with them, to adapt to the new context. For 2021, we are tapping new acquisitions on the Romanian market, also taking into consideration new segments.”

Lion’s Head is the owner and manager of income-producing commercial properties in Central and Eastern Europe. The company is backed by AG Capital and Old Mutual Property. AG Capital is one of the most influential groups in real estate investment, development and asset management in Bulgaria. Old Mutual Property is part of Old Mutual, established in 1845 as South Africa’s first life insurance company. Today, Old Mutual has grown into a financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 14 countries, with listings on five stock exchanges.

In Romania, the fund acquired Oregon Park from Portland Trust, a transaction valued at over € 170 mil., the second-largest in the history of the local market. Oregon Park is a premium A graded office complex comprising three 7-storey buildings that provide over 70.000 sqm of contemporary office space surrounded by an attractively landscaped plot of nearly 4 ha. Located in Floreasca-Barbu Vacarescu Business District, the area is one of the most prestigious business hubs in Bucharest, attracting many global companies.

Read more about All People You Should Know on the Romanian Real Estate Market

Attila Beer, Alukonigstahl:
Building Schuco Districts across Romania
Attila Beer, Alukonigstahl:
Building Schuco Districts across Romania 740 600 BUCHAREST REAL ESTATE CLUB

Profile:
Country Manager, Alukönigstahl Romania & Republic of Moldova
Turnover (2020):
€ 21.5 mil.
Experience:
More than 25 years of in the field of architectural systems

Attila Beer is a graduate of the Technical University of Budapest and has been working with Alukönigstahl Hungary since 1993. After the establishment of the Romanian branch, he formed and led the local sales team. As a company leader, he engaged in the continuous development of the company, by building partnerships with companies in the field of metal constructions and architecture and by forming a strong local team. Since 2016, he also manages the Alukönigstahl branch in the Republic of Moldova and since 2020 Attila Beer is a member of the Board of Directors in OTP-Mobiasbanca Republic of Moldova.

Alukönigstahl is in a leading position in the aluminum, PVC and steel systems local market and it registered a EUR 21.5 mil. turnover in 2020. The company further targets business consolidation on the traditional office and commercial segments, as well as business expansion on the premium residential segment, given that the pandemic outbreak highlighted Romanians` need to live in better conditions.

Alukonigstahl is an exclusive dealer in Romania for Schüco (world leader in aluminum and PVC systems) and Jansen (steel profiles supplier). In 2020, Alukonigstahl delivered Schüco aluminum systems for more than 75.000 sqm of curtain wall for new real estate developments.

“Through our projects and partnerships, we have been pioneering this segment in Romania and up to present we developed several large “Schüco neighborhoods”. We aim to consolidate our existing portfolios through digitalization and by streamlining our supply chain, as well as to expand on new segments, such as the residential sector, which has high growth potential in Romania.”

Attila Beer is also a member of the board of directors of PPTT – The Romanian Insulated Carpentry Producers Association (an organization of which Alukönigstahl was a founding member) and is also a founding member of RoEnef – Romanian Association for the Promotion of Buildings Energy Efficiency. ALUKÖNIGSTAHL operates in Romania since 1995 and cooperates with the most experienced producers of façades, windows and doors construction in the Romanian market.

Recent projects:
U Center
Offices Jiului
Isho Offices Timisoara
Millo Office
Dacia One
Continental HQ in Timisoara
Skanska Equilibrum 2
AFI Tech Inox 2
Win Residences / PSC Group
Nusco City
Neo Timpuri Noi

Read more about All People You Should Know on the Romanian Real Estate Market

IULIAN DASCALU, IULIUS GROUP:
Totally Reshaping Cities
IULIAN DASCALU, IULIUS GROUP:
Totally Reshaping Cities 1020 600 BUCHAREST REAL ESTATE CLUB

Profile:
Chairman, Iulius Group
Portfolio value of Iulius Group:
1 bn. €
Experience:
More than 20 years of experience operating in Romania

Iulian Dascalu founded Iulius Group in 2000, company which became the largest Romanian owner of shopping malls on the local market. His business started in the early 90s, at first with a few shoe stores, followed by Iulius Commercial Centre in 1995 and Terra Commercial Centre in 1996. His first mall was Iulius Mall Iasi in 2000, the first shopping mall outside of Bucharest.

Now Iulius Company is the only developer and operator of mixed-use urban regeneration projects in Romania, with more than 20 years of real estate experience and operating in 4 major Romanian cities, namely Iași, Timișoara, Cluj-Napoca, and Suceava. Experience also brought about the projects that have changed perceptions about lifestyle, have redefined and revitalized urban centers and became integrated in their respective communities. The project then had an organic development up to a portfolio that currently comprises more than 300.000 sqm of retail premises in two mixed-use urban regeneration projects (Palas Iași and Iulius Town Timisoara), the only ones of this kind in Romania, as well as a nationwide network of regional shopping malls (Iulius Mall – Iasi, Cluj-Napoca and Suceava). These are vibrant spaces that define poles of urban attraction and draw more than 68 million visitors every year.

In the last 10 years, Iulius Company also became one as the most active developers and operators of class A office spaces, building regional business hubs and creative multinational communities in three major academic centers in Romania, namely Iasi, Timisoara and Cluj-Napoca. In total, there are 13 green buildings with a total area upwards of 152.000 sqm, accommodating more than 80 company head offices and 15.000-plus employees.

With projects like Iulius Palas in Iasi and Iulius Town in Timisoara, Iulius Goup radically transformed the center area of the two cities. In 2020, a year affected by the pandemic, Iulius started Iulius Campus in Iasi, an investment in an office project of more than 120 mil. EUR. Iulius Group started the procedure to develop a 3 billion euros project at Romexpo, in a partnership with the Romanian Chamber of Commerce.

More about All People You Should Know on the Romanian Real Estate Market

Member News: One United Properties is officially listed on the Bucharest Stock Exchange
Member News: One United Properties is officially listed on the Bucharest Stock Exchange 900 600 BUCHAREST REAL ESTATE CLUB

The company’s shares started trading on the Main Market of Bucharest Stock Exchange, under the symbol ONE, on July 12th.

  • The initial public offer (IPO) took place between June 22nd and July 2nd, and the company raised RON 260 million (EUR 52.8 million) from active investors in the capital market. The funds will support One United Properties’ development strategy.
  • One United Properties becomes the third largest Romanian entrepreneurial company listed on the Bucharest Stock Exchange and enters the top 10 listed companies, according to the IPO market capitalisation.

“We enter a new chapter for our company, after a great IPO which we successfully completed with remarkable results and with the confirmation of the investors’ trust in our future plans. We thank them one more time. Over the years, we have developed a dynamic and transparent relationship with local and international investors, who have confirmed the potential that our company has in the Romanian real estate industry. We now mark a new beginning for One United Properties on the capital market, a new step that honours us and, at the same time, makes us continue the efficient development of the company. Our goal is to further deliver results, but also to be a liquid issuer and remain open to new investors as well. The Bucharest Stock Exchange has proven to be an excellent financing support for local companies. We believe in the potential of our capital market, and we want to take the opportunities of the listing in order to accelerate the Group’s strategy investments in sustainable premium developments in exclusive areas of Bucharest and other regions”, said Victor Capitanu, co-founder of One United Properties.

“We operate in an industry where excellence is achieved through determination, precision, principles. Our approach is based on a new vision on the idea of living, on emblematic and sustainable real estate concepts integrating the latest technologies and an exceptional interior design, with a focus on quality, but also on cultural elements, and this helped us grow fast but organically and keep up with international trends. One United Properties still has a lot to say on the Romanian real estate market and our intention is to continue to innovate and develop sustainable concepts. We have a solid team of professionals in the field that is able to further continue the company’s development plans, and the market is indeed attractive and has a high potential”, added Andrei Diaconescu, co-founder of One United Properties.

”The success of the IPO and One United Properties listing shows us once again the capital market growth potential and the capacity of the stock exchange to support Romanian entrepreneurial companies. Today, One team begins a new chapter in the development of the company, a journey that has been remarkable so far. We are glad that One chose the stock exchange and the investors from the capital market to finance itself, after an IPO that brought in the company RON 260mn. Every amount of money invested by the institutional or retail investors is like a confidence vote in your team, in your plans, in One strategy. Respect it and continue to build! Welcome to the listed companies’ community!”, said Radu Hanga, President of the Bucharest Stock Exchange.

The IPO was carried out between June 22nd and July 2nd and was oversubscribed in both tranches, for institutional and retail investors. Investors proved a considerable interest in the company from the first day of subscription when the retail segment with allocation guaranteed was subscribed within the first 40 seconds. The IPO and the listing were assisted by BRK Financial Group (through Razvan Rat, Deputy General Manager), while Swiss Capital (through Bogdan Juravle, General Manager) was part of the distribution group. Filip & Company (through Alexandru Birsan, partner, and Olga Nita, partner) was the legal advisor for the public offering and listing.

All residential projects developed by One United Properties have received the green certification from Romania Green Building Council, while the office projects in the developer’s portfolio are certified or in the process of WELL and LEED PLATINUM certification, one of the most demanding certifications regarding a building’s impact on the environment and its performance. The Group’s strategy aims to maintain the leading position on the market of premium residential and mixed-use real estate projects, to continue the evolution of the office projects, and to invest in sustainable premium development opportunities in exclusive areas of Bucharest, but also in other regions of the country.

MARIAN V. POPA, GLOBALWORTH:
Adding Fast Fwd Technology to Real Estate
MARIAN V. POPA, GLOBALWORTH:
Adding Fast Fwd Technology to Real Estate 900 600 BUCHAREST REAL ESTATE CLUB

Profile:
Managing Director, Globalworth Romania
Portfolio value of Globalworth Group:
€3.0 billion
Real Estate experience:
Over 40 years of experience in financial services, business services, outsourcing & technology

Marian V. Popa, a recognized senior corporate operational leader, is the Managing Director of Globalworth for Romania, starting March 2021. In this role, he is responsible for managing the company’s activities in Romania, focusing on operational, administration and business development matters. Marian V. Popa brings a wealth of senior management experience focused on financial services, business services, outsourcing and technology sectors with multinationals such as Deutsche Bank, Endava, Fujitsu and Rank Xerox.

Before joining Globalworth, in his most recent role as Managing Director of Deutsche Bank Global Technology Romania, between 2014 and 2021, he created one of the four strategical technology centers of Deutsche Bank worldwide managing over 1.000 people. Prior to his position at Deutsche Bank, Marian V. Popa was the Chief Executive Officer (CEO) of notable companies such as Endava CEE (over 7 years), Fujitsu/ICL (8 years) and Xerox Romania & Moldova (over 14 years). He founded the consulting company Transformative Coaching and several NGOs such as the Foundation for the Medieval Art Festival in Sighisoara, The American Chamber of Commerce, The British – Romanian Chamber of Commerce, AOAR, Transparency International Romania and many others. Globalworth’s Managing Director in Romania holds a degree in Economics and Foreign Trade Relations (Romania) and three diplomas in Executive Management Education (UK, Belgium, and France).

“Romania is a market that is emerging as winner from this crisis, an obvious choice for multinationals looking not only to reduced costs, but also to find human capital. It will witness substantial growth and FDI into 2022 and onwards, which automatically translates into growth for the property segment.

2021 in the real estate market will be marked by PropTech solutions and Customer Care. People are still being cautious now, but surely and safely people will be coming back to the office over the coming period, and technology is one of our many allies in making this transition back to work run smoothly.”

The developer is bringing the future closer in the Romanian office market with Globalworth Square, the most technologically advanced building in their portfolio – as an example, Globalworth Square benefits from touchless access into the building, a simple yet key aspect. “And last but not least, tech is closely interwoven with sustainability by helping us build more energy efficient buildings, from lower emissions to car charging stations; at Globalworth Square we are producing our own energy through rooftop PV panels”, Marian V. Popa ads.

Globalworth`s real estate portfolio has a combined value of €3.0 billion and is managed by an internal team of over 200 professionals mainly located in Poland and Romania. In Poland the company is present in Warsaw and 5 other major regional cities, while in Romania the properties are located in Bucharest and 5 other regional hubs.  

DORON KLEIN, AFI ROMANIA & CZECH REPUBLIC:
Conquering New Territories
DORON KLEIN, AFI ROMANIA & CZECH REPUBLIC:
Conquering New Territories 752 600 BUCHAREST REAL ESTATE CLUB

Profile:
CEO, AFI Romania & Czech Republic
Portfolio value of AFI Europe:
€ 1.4 bn.
Real Estate experience:
More than 20 years’ experience operating in CEE real estate markets

Originally from Israel, Doron Klein has more than 20 years’ experience operating in Central and Eastern European real estate markets, having been based in Czech Republic for most of that time. He joined AFI Europe in 2008 and since 2011 he has served as CEO of AFI Europe’s operations in the Czech Republic. In 2018 Doron was also appointed as CEO for AFI Europe Romania operations. Doron Klein has an MBA degree from The University of New York in Prague, Czech Republic and he is fluent in Hebrew, English and Czech.

“In the next period we will continue to improve and grow our portfolio which currently stands at ~ 170.000 sqm retail spaces and ~ 300.000 sqm office spaces both by advancing the development plan on our existing land bank as well as by potential acquisitions of more standing properties.”

At the beginning of 2020, AFI Europe Romania delivered to the final users its first residential complex developed in the Romanian market, enjoying the know-how the company gained in the region for the last 20 years. AFI City Bucurestii Noi delivered 190 apartments in Phase I and is located exactly at Laminorului metro station.

In October, 2020 the company inaugurated AFI Brasov, a mixed-use project combining 45.000 sqm GLA shopping center with 15.000 sqm GLA office spaces (AFI Park Brasov) in the heart of Brasov city. The project received the LEED GOLD green certification, being the first mixed-use project in the county to award such recognition.

Key projects:

AFI Europe bought the office portfolio of NEPI-Rockcastle (118.500 sqm spread over 4 Class A business parks and 8 buildings in total), in the largest office transaction on the market, valued at € 290 mil.

AFI opened the AFI Brasov mixed–use development and entered the residential market in 2018 with AFI City.

BREC PREMIER LEAGUE: WHO MANAGES THE MOST VALUABLE REAL ESTATE PORTFOLIOS IN ROMANIA
BREC PREMIER LEAGUE: WHO MANAGES THE MOST VALUABLE REAL ESTATE PORTFOLIOS IN ROMANIA 885 600 BUCHAREST REAL ESTATE CLUB
  •   Over 8 billion EUR is the cumulated value of the portfolios managed by the largest real estate investors that are active on the local market (NEPI, Globalworth, AFI Europe, Iulius Group & Atterbury, CTP, Immofinanz, WDP).
  •   Globalworth: “We will continue monitoring the market for attractive investment opportunities in the office segment – we are in the privileged position to ample liquidity at our disposal, and the purpose is to invest it wisely.”
  •   One United Properties, currently being listed at BVB (Bucharest Stock Exchange), is analyzing expansion options in other cities, but also in the region and intends to develop the portfolio of rented properties.
  •   Speedwell will launch a new mixed project in Timisoara this fall and is interested to acquire at least 2 new plots for residential or mixed-use developments per year.

Over 8 billion Euros is the cumulated value of the local portfolios managed by the largest real estate investors active on the local market, according to the centralized data of BUCHAREST REAL ESTATE CLUB (BREC) and Cushman & Wakefield Echinox for the REAL ESTATE PREMIER LEAGUE Report – the first index of the owners and managers of the largest companies active in Romania.

Alex Morar – CEO of NEPI Rockcastle (with retail investments), Dimitris Raptis – CEO of Globalworth Group, with investments in office, commercial and logistics, Doron Klein, CEO of AFI Europe Romania, with investments in retail, office and residential, Iulian Dascalu, founder of Iulius Group (retail and offices), Remon Vos, founder of logistics developer CTP, Fulga Dinu, Country Manager Operations Immofinanz, with investments in retail and offices and Jeroen Biermans, Country Manager of logistics developer WDP manage the most valuable real estate portfolios in Romania.

Local investors own the largest office projects under construction in 2021. The biggest office projects under construction are owned by local investors One United Properties (One Cotroceni Park I & II – 80.000 sqm) and Iulius Group (Palas Campus Iasi – 60.000 sqm and UBC 0 Timisoara – 32.000 sqm), followed by projects of Atenor (Belgium) – Expo – 48.500 sqm and Portland Trust – J8 Office Park (45,000 sqm).

“We will continue monitoring the market for attractive investment opportunities in the office segment – we are in the privileged position to ample liquidity at our disposal, and the purpose is to invest it wisely,” statesDimitris Raptis, CEO of Globalworth Group, the largest investor in the office market in CEE, for BUCHAREST REAL ESTATE CLUB. This year, Globalworth will complete the new Globalworth Square building (28.400 sqm), the most innovative and the most technologically advanced office building in the developer’s portfolio.

On the logistics market, the largest projects under construction are owned by foreign investors. CTP, founded by Remon Vos (Czech Republic) is on top of the ranking, with CTPark Bucharest 20-21 (101.800 sqm) and CTPark Bucharest North (40.000 sqm), followed by the Belgian developer WDP, led by Jeroen Biermans with WDP Craiova (58.000 sqm), WDP Park Timisoara (57.000) sqm and WDP Park Stefanesti (50.000 sqm).

The retail sector is also dominated by foreign investments, in projects such as retail parks or extensions of existing shopping centers. The expansion of Colosseum Mall (with 16.500 sqm), owned by Panico Panayi and the new Barlad Value Center retail park (16.300 sqm) developed by Prime Kapital, a company founded by Martin Slabbert, are the largest of the undergoing retail investment projects.

Residential is currently the most active real estate sector in Romania, with several local and international investors at the top of the ranking comprising the largest medium and upper market segment residential compounds currently under construction, with over 3.000 units. According to the data sent by SVN Romania for BREC, One Cotroceni Park (with 868 apartments), Nusco City, owned by the Nusco family (622 apartments), Greenfield Residence (544 apartments), Cortina North (530 apartments), an Eden Capital Development investment and Belvedere Residences – London Partners (482 apartments) are the largest residential projects currently undergoing in the quality segment, in Bucharest and the suburbs.

„We will invest in the development of new residential or mixed projects, with a focus on developments for middle- and upper-income clients, where we see great growth potential. In parallel, we will develop the portfolio of rented properties,”, said Victor Capitanu, Co-Founder of One United Properties for BUCHAREST REAL ESTATE CLUB.

INVESTMENTS KEEP GOING

The Austrian Immofinanz fund focuses on the development of the myhive office brand and the VIVO! And STOP SHOP retail brands, while theBelgian developer Speedwell will launch sales for the new Paltim mixed project in Timisoara this autumn and intends to purchase at least 2 new plots of land annually in Romania for residential or mixed developments, according to the companies officials` statements for BREC PREMIER LEAGUE.

Element Industrial, part of Element Group, has 300.000 sqm of projects in the pipeline for the next three years, both in Bucharest – Buftea logistics hub – and in regional cities such as Ploiesti, Bacau, Pitesti or Braila.

Skanska has started the development of the second phase of the Equilibrium project and continues to invest, while Vastint is preparing the second phase of the Timpuri Noi Square project, with a 100.000 sqm area.

The Austrian fund S IMMO is working on a new boutique office project – Dorobanti Office Building (5.000 sqm), CA IMMO announces the continuation of investments in renovation and refurbishment of the existing buildings and Lion`s Head investment fund prospects the market for new acquisitions. “For 2021, we are tapping new acquisitions on the Romanian market, also taking into consideration new segments,” states Anca Simionescu, Country Manager for Romania of Lion`s Head.

READ MORE: ALL PEOPLE YOU SHOULD KNOW ON THE ROMANIAN REAL ESTATE MARKET

Antoanela Comșa becomes president of GRAN VIA Romania
Antoanela Comșa becomes president of GRAN VIA Romania 1080 637 BUCHAREST REAL ESTATE CLUB

After 11 years as the general manager of Gran Via Romania, Antoanela Comșa becomes president of the Spanish-based real estate developer. Jose Aguinaga retired from the president position, remaining the main shareholder of Gran Via, one of the biggest residential developers on the Romanian market, with over 2,000 apartments sold.  

With a career spanning over the last 20 years, Antoanela is one of the most known and appreciated managers on the Romanian real estate market. A graduate of the Construction University in Bucharest, Antoanela is the president of Gran Via Romania and president of AREI (Association of Real Estate Investors from Romania). 

Highly skilled in construction and legal matters, Antoanela has supervised all the investments of Gran Via from Romania, in projects such as Timișoara 58, Gran Via Park and Aviatiei Apartments in București and Gran Via Marina in Constanța. Currently, the developer is working on the last phase of Gran Via Park – 220 apartments and will launch during this summer the second phase of Gran Via Marina, an investment of 40 million Euros in 500 apartments. 

 Gran Via has a history of 15 years on the Romanian market, specializing in reconversion of former industrial lots in residential compounds, which change for better the face of the city. The developer finalized over 2,000 apartments in Bucharest in projects such as Gran Via Park, Timisoara 58 (both in sector 6) and Aviatiei Apartments in sector 1. In Constanta, the developer is working on Gran Via Marina, near Vivo! shopping mall, 10 minutes from Mamaia resort. More info on www.granvia.ro  

FLORIN GHEORGHE, THETA: Making a Difference in Interior Design & Fit-Out
FLORIN GHEORGHE, THETA: Making a Difference in Interior Design & Fit-Out 834 600 BUCHAREST REAL ESTATE CLUB
  • Profile: Co-Founder & CEO, THETA Furniture & More
  • THETA Furniture & More portfolio:
  • + 1.500 local and international companies
  • + 300. 000 sqm interior spaces
  •  890 office spaces
  •  505 commercial spaces
  • 115 HoReCa spaces
  • Experience:  + 20 years of experience in entrepreneurship & business development

Florin Gheorghe is Co-Founder and CEO THETA Furniture & More, with a proven executive management track record and over 20 years of experience driving sales growth in different industries as: consumer goods, flooring and since 2008 – in furniture & more. As the CEO of THETA, Florin Gheorghe is responsible for running all facets of the business. His skills in finding the most appropriate ways to approach the company’s targets are also based on his educational background: Florin holds a BS in Management & Marketing Romanian – American University, Bucharest.

The most significant achievement in 2020 is the sale transaction of 50% of the company to the Black Sea Fund, with positive implications for the long-term development of the company.

Looking way back, THETA is a dream-project launched in 2008, with the goal of making a difference in the interior design & fit-out industry. “Having our own production factory has quickly introduced us in various proportions projects, both locally and internationally, in sectors as: commercial, residential, office, medical, HoReCa,” Florin Gheorghe says. The portfolio of clients and projects has grown exponentially and, at the same time, the capacity of the factory (5.000 sqm in present) and the investment in modern equipment and technologies. THETA`s design and project management teams include architects, interior designers, civil engineers, mechanical and electrical engineers, with extensive expertise in design & construction fit-out projects. The company carries out tasks with utmost attention to detail, ensuring that client’s expectations are met at all times.

Foto Credit: Architect Sabin Prodan; Architectural Design: HTO Architecture & Engineering

Focus on Interior General Contracting

In the last 6 years, the company redirected its focus for the role of interior general contractor, managing complex projects for clients, from design stage to implementation and delivery. “The main benefit for a client to work with THETA is not only that we have the responsibility for the entire process, but also the project expenses / time can be reduced by 15-20%,” Florin Gheorghe says.

“As we gradually move towards the new „normal”, along with positivity and resiliency, we understand that the safety & wellbeing of your employees and clients are top priority, thus we will continue investing in expanding our production facility in order to help our clients create or convert their offices, other spaces, into a droplet-safe environment. Our plans are to develop the company vertically and horizontally – more precisely, we will continue growing the current business and we will also acquire other companies from sectors related to ours.“

Major clients:

  • Deloitte (total office spaces delivered 20.000 sqm), Architectural Design: HTO Architecture & Engineering
  • VEEAM (total office spaces delivered 12.000 sqm)
  • Gazprom (total of 18 gas stations delivered)

Large-scale office fit-out locations:

  • THE MARK  
  • myhive  
  •  AFI
  •  THE LANDMARK
  •  Business Garden Bucharest

Projects locations:

  •  Romania
  • International (Belgium, France, Holland, Hungary, Switzerland)

DIMITRIS RAPTIS
THE MOST POWERFUL MAN IN CEE REAL ESTATE
DIMITRIS RAPTIS
THE MOST POWERFUL MAN IN CEE REAL ESTATE 900 600 BUCHAREST REAL ESTATE CLUB

Profile:
CEO, Globalworth Group 
Portfolio value of Globalworth Group:
€3.0 billion
Real Estate experience:
25 years of experience in the financial services and real estate industries

Dimitris Raptis, a seasoned business leader with 25 years of experience in the financial services and real estate industries, is the CEO of Globalworth Group, a pioneering real estate institutional investor, developer, and asset manager active in the CEE region. He was Globalworth’s Co-CEO between March and December 2020. He joined the Group when it was founded in 2012 as Deputy CEO and Chief Investment Officer. In this role, he was involved in most of the Company’s activities, with primary responsibility for Globalworth’s investment and capital raising initiatives, and since 2017, Globalworth Poland, the Group’s Polish business.

During this period, he oversaw acquisitions and developments worth Euro 2.7 billion as well as the raising of Euro 5 billion of equity capital and debt capital which propelled Globalworth from an asset base of Euro 53m when it was listed in London’s AIM market exchange in 2013 to over Euro 3 billion today, becoming the largest office investor and landlord in the CEE region.

Before joining Globalworth, Mr. Raptis spent 16 years in Deutsche Bank, most of them as a senior member of the real estate investment management group of Deutsche Bank’s Asset and Wealth Management division (“RREEF”). From 2008 to 2012, he was Managing Director and European Head of Portfolio Management for RREEF Opportunistic Investments, the real estate private equity division of Deutsche Bank. During his tenure with RREEF he managed and executed real estate transactions across Europe with a total value in excess of Euro 12 billion.

Dimitris Raptis has a First Class (HONS) BSc in Banking and International Finance from Cass Business School, London.

“As the leading office investor in Central and Eastern Europe (CEE), we will continue promoting our current portfolio and assets to new tenants for the office segment, as well as expand our logistics portfolio, Globalworth Industrial.
At the same time, we will continue monitoring the market for attractive investment opportunities in the office segment – we are in the privileged position to ample liquidity at our disposal, and the purpose is to invest it wisely – we expect 2021 to be predominantly a year of actively managing our existing office portfolio and working side by side with our tenants, together creating the office of tomorrow for the long run. At the same time, we will keep close to and support our clients and the broader community within which we live and operate, reinforcing our position as THE landlord of choice in our home markets.”

Globalworth is the leading real estate company in Central and Eastern Europe, with focus on Poland and Romania, CEE’s two largest property markets. Globalworth owns 49 standing Class A office buildings, in prime locations within their respective sub-markets, their portfolio also including a number of landmark and strategic investments mainly in office, mixed-use (office/commercial) and industrial. The company holds a diverse tenant base composed of 650 corporations.

Investments in work

Over €79 million undergoing investments, representing investments in projects such as Globalworth Square (Romania), the reconversion of the Renoma project (Poland) and various extensions or investments within Globalworth Industrial, Globalworth’s logistics and light industry sub-brand.

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