BUCHAREST REAL ESTATE CLUB

Shaping a New Era of Development in Southeast Europe

CHRISTOPHE WELLER, COS:
Keep Developing Our Reach & Solutions for all Segments Upholding Opportunities
CHRISTOPHE WELLER, COS:
Keep Developing Our Reach & Solutions for all Segments Upholding Opportunities 1052 600 BUCHAREST REAL ESTATE CLUB

COS – Corporate Office Solutions has a privileged position on the office segment, as leader on the office fit-out market. This position comes also with responsibility, as we always look at trends and try to anticipate what will be next in the post-pandemic world, says Christophe Weller the founder and owner of COS, the largest integrator of interior design solutions in Romania.

As key market player in this segment, COS hold significant competitive advantages in the post-pandemic world, says Christophe. “The 23 years` experience on the market (we are the first interiors integrator established in Romania and the market leader), the strong exclusive partnerships we have in Romania with strong brands as Steelcase and Interface and the complete integration of our services, which means we provide turnkey solutions to our clients (from workplace consultancy & design, to complete fit – out, project management of the projects and office furniture supply). Even from early stages of their office scouting process, we can work side-by-side with corporate tenants and make their lease and fit-out processes more efficient, which will be a great differentiator in the coming period.“

The business trajectory

In 2020, COS registered a 23 mil. EUR turnover, which is a great achievement considering the full lockdown period and the pandemic context, when the office lease activity decreased. Many of our customers took the “social distance” opportunity to design or redesign their office interiors, as most of their employees were working from home, which proved to be very efficient for them. In the unusual context of 2020, COS was contracted to fit out a total of about 58.800 sqm of office space, for which we provided concept design, complete fit out and consultancy during the project implementation, standard and/or custom-made furniture, flooring solutions.

We also sign several stand-out projects from outside of the office segment, among which Radisson Blu Hotel Bucharest and Marie Curie Hospital extension by Daruieste Viata NGO.

For 2021 and the next years, we aim to consolidate our portfolio of clients, continue to organically increase our business, and remain the turnkey partner of choice for clients aiming for contemporary, qualitative, innovative, healthy, and smart interior spaces and management of new projects in order to keep up with new challenges and opportunities.

Trends

The increased focus on health, safety and wellbeing will have a major influence on the way we think interiors. Innovation, digitalization and expanding the line of products and design solutions for our clients are our responses to the new market challenges.

Healthy and safe interiors are a key market trend, while the integration of technology and smart features into the way we design interiors will also gain more and more ground in the coming years. We are also experiencing a more and more demanding generation of corporate clients and companies that bring added value to their customers will be the winners.

Opportunities

We already hold a portfolio of high-profile projects from other market sectors, among which HoReCa (Radisson Blu Hotel Bucharest), healthcare (#NoiFacemUnSpital initiative – the first Pediatric Oncology, Radiotherapy & Trauma Hospital in Romania will have COS interiors) or education (Deutsche Schule Bukarest, Lycee Francais Anna de Noailles).

The market as we see it is full of opportunities, especially in what regards the counterbalance of private service as response to the lack of quality in the public system, such as the education system for example.

The space occupier is the ultimate beneficiary of an interior space and with the change of generations in Romania the occupiers will demand better quality in all segments – and we are here to provide. Based on our leadership and extensive experience on the office segment, we will keep developing our reach and solutions for all segments upholding opportunities in the next period.

—–

In over 23 years of activity, COS has successfully implemented projects for more than 2.000 companies in Romania, several of our most representative projects being Accenture, Microsoft, Secom, Schlumberger, NTT, Porsche Engineering Cluj, Google, Nestle, Reckitt Benckiser, MHP Cluj, Sector Labs Cluj, Record Park Cluj, Cognizant Cluj, Riverbed Technology Cluj, Takeaway Bucharest.

Christophe Weller founded COS in 2007 together with 3 partners, after being a furniture Salesman of the Steelcase dealer in Saudi Arabia for 4 years and the Sales Director of the Steelcase dealer in Moscow for 2 years. He was 29 years old, knew nothing about Romania and it was the first time he entered entrepreneurship.

COS started with 5 employees and an office based in a 60 sqm apartment. The first money he invested came from a $ 200.000 loan, the only loan ever made by Christophe for his company. The 5 employees are still in the company, apart from one who retired.

At present, COS has a 23 mil. EUR turnover, almost 100 employees and signs contemporary fit –out projects for more than 2.000 office spaces, as well as premiere projects in the Medical, HoReCa and Educational sectors.

BREC announces the completion of REAL ESTATE ACADEMY – first promotion 2020-2021
BREC announces the completion of REAL ESTATE ACADEMY – first promotion 2020-2021 899 600 BUCHAREST REAL ESTATE CLUB
  • 20 participants graduated from the 1st real estate, 100% private educational program in Romania
  • The most experienced graduates already work in real estate for over 10 years, in areas such as real estate consulting or financing & development.
  • Registration open for the 2nd edition (September 2021 – May 2022). 

BUCHAREST REAL ESTATE CLUB (BREC) announces the first promotion of the REAL ESTATE ACADEMY program, the premiere 100% private educational program in the real estate sector in Romania.

A total of 20 participants graduated from the courses of the program, held between September 2020 – May 2021 – a marathon of 9 modules with managers from the private sector as lecturers. One of the REAL ESTATE ACADEMY graduates, Călin Badea (23 years old, with previous experience in the constructions field) was subsequently recruited by CBRE – the leader of the real estate consulting market, present with over 530 offices worldwide, including Romania.

The program was similar to a master’s program, containing 9 study modules – the most important topics of interest in the real estate market: residential development (module supported by Antoanela Comșa, Gran Via), office development (Andrei Ivan, Skanska), logistics development (Sînziana Pardhan, P3), retail development (Ionuț Bordei, Element Group), brokerage & real estate consulting (Mihnea Șerbănescu, CW Echinox), legal real estate (Roxana Dudău, Noerr), asset management (Alin Andreescu, One United Properties & Laura Dumea- Bencze, CBRE Romania), real estate financing (Alexandra Popa, Element Group), marketing & communication (Despina Ponomarenco, BREC & Mihaela Ganea, Fronesis).

As an entirely private program, BREC ACADEMY covers the entire educational spectrum of the local real estate market. The graduates of the first edition of BREC ACADEMY are mainly active managers on the market – at developers or real estate funds, architecture offices, construction companies, consulting and banks, who wanted to complete their knowledge with topics adjacent to those in which they operate. In Romania, there is no similar public or private educational platform that fully covers the real estate market.

“Professionals on the local real estate market have been trained with the support of international colleagues and clients, through what we call learning by doing. The Romanian market has not benefited of many pedagogically structured education options, so BREC is an excellent initiative to gather along those who want to work in real estate with professionals who have learned from experience and can pass on their extensive know-how”, says Sînziana Pardhan, Managing Director Romania, P3 Logistics Parks.

“The BREC program was an opportunity for me to understand the specifics of each real estate segment and also brought me a new career opportunity, to work for the leader of the real estate consulting market“, says Călin Badea, a graduate of REAL ESTATE ACADEMY BY BREC, who became, starting June 14 this year, a Junior Consultant within the Industrial Services department of CBRE Romania.

The next edition of BREC REAL ESTATE ACADEMY will start in September 2021 and will contain two new study topics, namely “Real Estate Investments” – supported by Andrei Văcaru, Head of Capital Markets JLL Romania and “Hotels” – supported by Mircea Drăghici, Managing Director EST Hospitality Consulting, one of the best local specialists in this segment.

BUCHAREST REAL ESTATE CLUB (BREC) is the main platform for promoting the local real estate market, both domestically and internationally. BREC’s main mission is to improve the image of the real estate market and to develop programs that will contribute to the market’s development potential and increase the volume of foreign investments in the real estate sector in Romania.

BUCHAREST REAL ESTATE CLUB member companies are major investors, local and international, in the Romanian economy, active in the segments of urban regeneration projects, office buildings, logistics and industrial parks, retail parks, residential.

GREAT NEWS: Globalworth tenants coming back to the office
GREAT NEWS: Globalworth tenants coming back to the office 400 600 BUCHAREST REAL ESTATE CLUB

Weekly increase in physical occupancy. Globalworth launches the OFFICE RENAISSANCE campaign, to further promote the return of tenants back to their office space.

  • After more than a year where the vast majority of people have been working from home, the ongoing vaccination program, the gradual relaxation of certain measures taken by the authorities to minimize the impact of the COVID-19 pandemic and the increasing desire of corporations and workforce to return to the office are manifesting in a gradual increase in physical occupancy rates in the Globalworth buildings.
  • In recent weeks we have recorded a weekly 4% average increase in physical occupancy in our properties in Romania, Globalworth data shows. 

In this context, Globalworth – the leading office investor in Central & Eastern Europe and the office market leader in Romania – launches the OFFICE RENAISSANCE campaign, to further promote the return of tenants back to their office space. The campaign, inspired by the artistic direction that Globalworth has always followed, underlines the Group’s welcome back message to their tenants and the people physically working or visiting their properties. More and more companies are joining the Globalworth District, the largest business community in Romania and have announced their intention to physically return to the office. Their decision was supported by our common belief that a healthy and safe working office environment increases productivity, promotes creativity, innovation and consistency, and fosters relationships and corporate culture.

„These past few months have been hard on all of us and what we all miss the most is human interaction. Office life is not only about work, but also about being part of a community. And it was only after we started working from home that we truly understood its importance. We are delighted that the Globalworth District is returning to the office, evolving to a more hybrid-ecosystem and we have chosen to welcome our tenants through the OFFICE RENAISSANCE campaign.

Inspired by the works of Leonardo da Vinci and Michelangelo, we wanted to emphasize the rebirth of the (office) life, the rediscovery, the connection we have missed so much”, said Georgiana Oltenescu, Group Head, Marketing and Communication at Globalworth.

Globalworth and the Globalworth Foundation, committed to the fight against COVID-19, have contributed over EUR 1 million to several initiatives. In Romania, they supported the medical staff and in partnership with public hospitals (5 hospitals in Bucharest and Onesti), as well, NGOs and other authorities. In addition, they provided to the authorities c.300 sqm space in class-A City Offices building to be used as a vaccination center. The center which is centrally located in one of the most densely populated areas in the South of Bucharest opened in March 2021 and had over 33.000 people vaccinated in this period, providing important help in the national fight against the pandemic.

As many corporations invite or require their employees to return to the office, it very important that they follow the necessary health and safety protocols, as they provide for physical wellbeing and peace of mind. Globalworth implemented a series of safety and hygiene measures such as rethinking the traffic circulation inside its buildings, taking measures to ensure the increased efficiency of the HVAC system, installation of antiseptic carpets, application of floor stickers indicating safe distancing, informing employees and visitors about the rules in place when visiting a property (keeping distance, washing and sanitizing, wearing a mask, etc), installation of disinfectant dispensers, performance of frequent cleaning and disinfection of high traffic areas, introduction of touchless solutions etc.

Since the very early days of the COVID-19 pandemic, we have adopted a very hands-on and proactive approach. Our top priorities have been, and will continue to be, the health, safety and wellbeing of the people working and visiting our properties. We believe that our initiatives and the detailed and continuous communication with our +210 tenants who lease space in our 16 high-quality offices in Bucharest have been providing the necessary assurance for them to actively start implementing their return to the office, the company officials say.

Globalworth is a listed real estate company active in Central and Eastern Europe, quoted on the AIM-segment of the London Stock Exchange. It has become the pre-eminent office investor in the CEE real estate market through its market-leading positions both in Romania and in Poland. Globalworth invests, acquires, develops, and directly manages high-quality office real estate assets and industrial and logistics parks in prime locations, generating rental income from high quality tenants from around the globe. Managed by over 200 professionals across Cyprus, Guernsey, Romania and Poland, Globalworth has a combined portfolio value of €3.0 billion, as at 31 December 2020. Approximately 92.5% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of c.650 national and multinational corporates. In Romania, Globalworth is present in Bucharest, Timisoara, Oradea, Arad, Constanta, and Pitesti, while in Poland its assets span over Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice.

Member News: Alukonigstahl reports 21.5 mil. EUR turnover last year
Member News: Alukonigstahl reports 21.5 mil. EUR turnover last year 400 315 BUCHAREST REAL ESTATE CLUB

Alukonigstahl Romania, the local subsidiary of the European market leader in aluminium, PVC and steel systems registered 21.5 million euros turnover between January – December 2020 and it 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 exclusive dealer in Romania for Schüco (world lider in aluminium and PVC systems) and Jansen (steel profiles supplier), and more than 85% of the company turnover in 2020 was represented by the sale of premium  Schüco aluminium profiles. In 2020, Alukonigstahl delivered Schüco aluminium systems for more than 75.000 sqm of curtain wall for new real estate developments and in 2020 it has already secured a number of 20.000 sqm. A series of well-known office projects signed with Alukonigstahl for joinery or curtain walls (such as  U Center, Offices Jiului, Isho Timisoara, Millo Office, Dacia One, Sediul Continental din Timișoara, Skanska Equilibrum 2, AFI Tech Inox 2), as well as a number of premium residential projects (Win Residences / PSC Group or Nusco City, Neo Timpuri Noi, Neo Mamaia).

“Through our projects and partnerships, we have been pioneering this segment in Romania and up to present we developed several large “Schüco neighbourhoods”. Alukonigstahl targets a business acceleration this year, considering the numerous investments we made in business streamlining and adaptation to the new market context. 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 a high growth potential in Romania,”  Attila Beer, Country Manager Alukonigstahl Romania and Moldova states. 

The industrial metals prices registered a significant increase in the last months, at London Metal Exchange. For example, the price of copper, largely considered as an economic indicator is higher than in the last 9 years and it almost doubled in the last 12 months. As compared to Spring 2020, the price of aluminium increased by about 50% and the price of rolled steel strips increased by more than 75%.  

Alukonigstahl has recently implemented a series of processes of digitalization and reorganized its supply chain and owned warehouse in Jilava. In 2020, the company launched its own digital platform – AKS Connect, where clients can place orders and follow their deliveries online, in real time. In H2 2021, Alukonigstahl will continue its digitalization process, by launching a new platform. 

Technology, hi-tech and energy efficiency solutions integration in windows and doors systems of new real estate projects is a major trend registered in the last 3 years. „The window is not just a window anymore, it does not only provide pleasant aesthetics and fresh air. Through our partners Schüco și Jansen, who invested substantially in technology in the recent years, we can now add a decentralized ventilation system, which brings fresh (warmed and filtered) air into the room, without the need to actually open the window – which can bring noise, dust or allergens in the interior,” says Attila Beer. 

Other major trends are the windows, balcony doors and sliding doors systems used mostly in the residential compounds (projects such as Cloud 9 Residence, Luxuria Residence, Sea One, Nordis Mamaia, Tomis City, Wings Residence) or the Schüco PVC joinery, which gained ground in the last year  (projects as Buenavista International or Win Herastrau). 

New niche solutions have also been developed, with the advancement of historical buildings restoration trend. Dragomira monastery and Domnita Balasa church are such examples, where old joinery was replaced with modern, isolated Jansen steel windows. 

BREC GREEN: LOGISTICS EQUALS OFFICE IN VOLUME OF NEW BREEAM CERTIFICATIONS
BREC GREEN: LOGISTICS EQUALS OFFICE IN VOLUME OF NEW BREEAM CERTIFICATIONS 1067 600 BUCHAREST REAL ESTATE CLUB

40 new BREEAM certifications in the last year in Romania

A total of 40 real estate projects obtained the BREEAM certification in the period between January 2020 – April 2021, according to data provided by BRE Group (the UK organization that provides sustainability BREEAM certifications) to BUCHAREST REAL ESTATE CLUB (BREC). 16 of the newly certified projects are office buildings and business parks and 15 are logistic parks or retailers` logistics centers.   

The residential segments account for fewer BREEAM certifications in the analyzed period (5 residential projects, mostly outside of Bucharest). A single retail project obtained the BREEAM (Excellent) certification – IKEA Pallady Store and a single hotel obtained the BREEAM Excellent standard in this period (Radisson BLU hotel in Timisoara).

“Over the past three years we have seen tremendous growth for BREEAM in Romania; the ambition of real estate clients in Bucharest, in particular, has driven greater uptake and a desire for more credible sustainability performance for assets. This is a trend we expect to continue and congratulate organizations like BREC in their leadership and commitment to BREEAM,” states Dr. Shamir Ghumra, Head of Building Performance Services – BRE Group for BUCHAREST REAL ESTATE CLUB.

BREEAM provides several sustainability standard classes (Pass, Good, Very Good, Excellent, Outstanding) according to criteria such as energy efficiency, space health, reducing the carbon footprint in construction or demolition processes and protection of biodiversity, innovation, reducing the water consumption, sustainable recycling solutions, transport & alternative mobility.

Globalworth Campus, The Light One building (recently sold by River Development to Uniqa), a portfolio of buildings in the logistics developer CTP portfolio in Bucharest, Sibiu and Pitesti or Lidl and Emag logistics facilities are several of the significant investments that obtained the BREEAM certification in this period.

The recently introduced European NZEB (Net Zero Energy Building) standard requires all new constructions or buildings undergoing major rehabilitations to have a nearly zero energy consumption level.

Buildings under NZEB standard will have a high energy performance, with at least 30% of the total energy consumption necessary ensured through the building`s own renewable sources or at a distance of maximum 30 km from the building. 

BREEAM (Building Research Establishment Environmental Assessment Method) is a voluntary green building sustainability rating system established in the UK for assessing the environmental performance of buildings. BREEAM does this through third party certification of the assessment of an asset’s environmental, social and economic sustainability performance, using standards developed by BRE. This means BREEAM rated developments are more sustainable environments that enhance the well-being of the people who live and work in them, help protect natural resources and make for more attractive property investments.

In Romania, buildings are certified either under the BREEAM (UK) standard or the LEED (USA) standard  and more recently introduced WELL standard (focused on occupiers` health and wellbeing). 

”Considering the European NZEB standard, the active competition on the local real estate market and the need for differentiation, as well as the solid sustainability principles of large corporations (the main clients of the real estate industry), we expect developers to converge to a green future in terms of buildings` sustainability,” states Despina Ponomarenco, President of BUCHAREST REAL ESTATE CLUB.

In the pandemic context, the interest in buildings sustainability and health has been significantly growing. If several years ago the office buildings were the main beneficiaries of sustainability certifications, we can now see numerous logistics projects which have been already certified or are undergoing a certification phase, BREC representative ads.

Member News: Globalworth expands its industrial activity in Arad and Oradea
Member News: Globalworth expands its industrial activity in Arad and Oradea 900 600 BUCHAREST REAL ESTATE CLUB

Globalworth Industrial, Globalworth’s logistics and industrial sub-brand, is expanding its portfolio by purchasing 2 industrial projects with a total area of 27k sqm. The value of the IPW Arad (Industrial Park West Arad) and IPW Oradea (Industrial Park West Oradea) transactions amounts to almost 18 million EUR, ensuring the presence of the largest office investor in Central & Eastern Europe in another 2 new major cities in Western Romania.

  • The two acquired projects, IPW Arad (Industrial Park West Arad) and IPW Oradea (Industrial Park West Oradea), have a total area of ​​27k square meters and an occupancy rate of 100%
  • Following these transactions, Globalworth is now present in 6 major cities in Romania: Arad, Bucharest, Constanta, Oradea, Pitesti and Timisoara
  • Globalworth Industrial’s portfolio currently spreads over an area of 260.400 sqm.

With a total leasable area of ​​20.1k square meters, IPW Arad (Industrial Park West Arad) consists of two phases: the first phase, delivered in 2012, comprises production, warehouse, office and technical areas, and the second phase, completed in November 2020, aimed to develop the park with two more levels dedicated to production and office areas. The park benefits from a strategic location and excellent connectivity in terms of infrastructure. Located 4.8 km from the A1 motorway, 10.8 km from the Arad International Airport and only 6.7 km from the city center, IPW Arad benefits from roads, parking lots and all the necessary infrastructure. All these features attracted a strong partner: Huf Romania, the Romanian subsidiary of the global automotive supplier Huf Group, the leading specialist for secure car access and authorization.

A first phase of 6,9k square meters of the IPW Oradea (Industrial Park West Oradea) was completed and delivered in the second half of 2020, with the possibility of expanding to up to 9,9k square meters. The park’s tenant is iwis, the world leader in innovative, cost-effective timing drive systems based on precision chains. Located on the European Road E60, 4 km away from the border with Hungary, the industrial park will soon benefit from an intermodal terminal currently under construction.

“The industrial and logistics market has grown strongly in the last five years, and the year 2020 brought the increased activity in areas such as production and e-commerce. Being already present in the western part of the country with Timisoara Industrial Park, we became aware of the strategic potential offered by that area. Combining all these factors, we decided to acquire the two industrial projects from our partner, Global Vision, with whom we have been working closely for the industrial field. The 100% occupancy rate of our new assets confirms the investment’s high commercial potential. The addition of the two well-known German corporations in the automotive industry, iwis and Huf Romania, to our portfolio motivates us to continue the Globalworth Industrial activity at the highest standards”, said Mihai Zaharia, Head of Investments Romania and Group Capital Markets Director at Globalworth.

With the acquisition of the two projects, Globalworth Industrial reaches a total portfolio of 260.400 sqm. The occupancy rate of the Globalworth Industrial sub-brand is currently 95%. IPW Arad and IPW Oradea consolidate the company’s logistics and industrial activities, expanding the areas where it already operates with last-mile projects such as Pitesti Industrial Park, Chitila Logistics Hub, Constanta Business Park and Timisoara Industrial Park.

Globalworth is a listed real estate company active in Central and Eastern Europe, quoted on the AIM-segment of the London Stock Exchange. It has become the pre-eminent office investor in the CEE real estate market through its market-leading positions both in Romania and in Poland. Globalworth invests, acquires, develops, and directly manages high-quality office real estate assets and industrial and logistics parks in prime locations, generating rental income from high-quality tenants from around the globe. Managed by over 200 professionals across Cyprus, Guernsey, Romania and Poland, Globalworth has a combined portfolio value of €3.0 billion, as at 31 December 2020. Approximately 92.5% of the portfolio is in income-producing assets, predominately in the office sector and leased to a diversified array of c.650 national and multinational corporates. In Romania, Globalworth is present in Bucharest, Timisoara, Oradea, Arad, Constanta, and Pitesti, while in Poland its assets span over Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice.

11.05.2021

Member News: Peikko Group recruits 50 new professionals in Sales & Engineering
Member News: Peikko Group recruits 50 new professionals in Sales & Engineering 900 600 BUCHAREST REAL ESTATE CLUB

Peikko will recruit 50 new talents for sales and engineering positions during Q2-Q3 of 2021, the Group recently announced. The new positions will be located in a total of 23 countries: Australia, Belgium, China, Czech Republic, Denmark, Estonia, Finland, France, Germany, Italy, Korea, Latvia, Malaysia, the Netherlands, Poland, Romania, Russia, Singapore, Slovakia, Spain, Switzerland, Turkey, and the United Kingdom.

Peikko is looking for local talents to provide its customers an even better and quicker service, according to the company official announcement. Applicants will need to speak the local language and know the local construction culture. New employees will be involved in front-line customer work, either in direct sales or in technical customer support. All positions are permanent.

“We believe that the construction market will grow after COVID-19, and we at Peikko have a unique offering to meet the needs of our new and existing customers. Peikko’s revenue has grown every single year in the past 11 years, and we want to accelerate this growth during 2021-2022. We can offer for candidates motivating and interesting career opportunities in a global construction materials company also providing solutions for circular economy and products that help our customers to reduce their CO2 emissions”, states Topi Paananen, CEO of Peikko Group Corporation.

Click here for further information >>
 

Peikko Group Corporation is a leading global supplier of slim floor structures, wind energy applications and connection technology for precast and cast-in-situ construction. A family-owned and managed company that employs about 1,900 professionals, Peikko has sales offices in over 30 countries in Asia-Pacific, Europe, Africa, the Middle East, and North America, with manufacturing operations in twelve countries. Peikko generated a turnover of EUR 239 million in 2020 and is headquartered in Lahti, Finland.  

(5.05.2021)

Member News: GTC extends 9.000 sqm lease deal with Rompetrol at City Gate for 5 years
Member News: GTC extends 9.000 sqm lease deal with Rompetrol at City Gate for 5 years 1067 600 BUCHAREST REAL ESTATE CLUB

GTC has renewed its lease agreement with KMG Rompetrol – the management and support services division of the KMG International Group – one of the key players in the fuel sector in Southeast Europe for another 5 years. KMG Rompetrol will continue to occupy 9.356 sqm of its HQ in City Gate, a A-class office building located in Bucharest.

This is the first transaction completed under the guidance of Ziv Gigi, recently appointed Managing Director of GTC’s operations in Romania, and CEE Estate, an asset management company.

“We always appreciate the trust our business partners have in the excellency of services offered in our properties. KMG Rompetrol is a company that develops dynamically in Romania and beyond, paying close attention to ensuring the best working conditions for their employees. We are happy that such a reputable company stays loyal to the quality of our services, especially during the turbulent times of the pandemic,” says Ziv Gigi, Managing Director for GTC’s operations in Romania.

KMG Rompetrol, part of an international oil company with operations in Romania, Moldova, Bulgaria, Georgia and the upstream area, has decided to prolong its lease for 9,356 sqm of office space in the Northern tower of the City Gate complex until December 2026. City Gate is located in one of Bucharest’s established business districts and consists of two buildings offering almost 48.000 sqm of high-quality office space in total.

(28.04.2021)

Member News: THETA Furniture & More targets to acquire new companies & 25 mil. EUR business
Member News: THETA Furniture & More targets to acquire new companies & 25 mil. EUR business 899 600 BUCHAREST REAL ESTATE CLUB

The company aims to achieve 11% market share and 25 mil EUR turnover by 2024  

THETA Furniture & More, one of the largest local integrators of interior design & fit-out solutions, announces its intentions to increase market share up to 11% and the turnover up to 25 mil EURO by 2024.

The year 2021 had a promising start for the company, with signed contracts worth over 4 million EURO in January – March, representing a double value compared to the same period in 2020. “We intend to close the year with a turnover of approximately 12 mil. EURO “, estimates Florin Gheorghe, Co-founder & CEO of THETA Furniture & More.

“2020 has been a challenging year for us, as well as for the entire industry, from all points of view, especially since the unpredictability factor had a great impact on many areas of activity we are working with, as it is the case of the office sector. We focused quickly on solutions therefore the sale transaction, in the middle of 2020, of 50% of the company to the Black Sea Fund, has been a wise decision and the start of a solid partnership, which works well for both parties,“ the representative of THETA Furniture & More completes. THETA sold, in July 2020, 50% of the company to one of the largest local investment funds, which thus became the company’s shareholder.

THETA Furniture & More is the only local integrator of interior design & fit-out solutions that holds its own production factory, near Bucharest. With an initial area of ​​700 sqm, the factory currently has a capacity of  5.000 square meters, and the company intends to expand it in the near future. THETA Furniture & More factory works with modern materials, innovative accessories and uses state-of-the-art technologies in creating custom furniture, smart ceilings, practical floors, lighting fixtures and more. The company collaborates with important architects in the field and has exclusive partnerships with renowned materials manufacturers and standard furniture products.

“Our plans are to develop the company vertically and horizontally, more precisely we will continue the development of our current business and we will also acquire other companies in fields related to ours,” declares Florin Gheorghe, Co-founder & CEO of THETA Furniture & More.

The company also plans to invest in team development, even in the current pandemic context. THETA Furniture & More team is formed by more than 100 employees and collaborators and by the end of 2021 the company intends to recruit at least 12 new employees.

About THETA Furniture & More

THETA is a local general interior contractor, with more than 12 years of experience in the production of custom-made furniture with its own production factory, and in the last 6 years, as an integrator and project manager in various industries.

The competencies of the team of professionals consist in managing complex projects from the initial design phase to implementation and delivery: interior design & fit-out, architecture and MEP design, consulting services, standard and custom furniture implementation services.

The specialized expertise is reflected in delivering of office spaces, commercial and industrial spaces, medical, hotels, for more than 1,500 local and international companies. Up until now, THETA holds in its portfolio over 300.000 sqm of interior space: 890 office spaces, 505 commercial spaces, 115 HoReCa spaces.  

(28.04.2021)

Claudiu Bisnel, Brisk Group: Delivering PM services from Bucharest to London and Chisinau
Claudiu Bisnel, Brisk Group: Delivering PM services from Bucharest to London and Chisinau 749 600 BUCHAREST REAL ESTATE CLUB

“In a field where the present fights the past, Brisk Group chose a completely different side. It chose the future! I really think that excellence is not an act, but a habit. This is how ideas at Brisk Group come to life, because we love to build unique projects and manage successful partnerships,” says Claudiu Bisnel, Partner and Founder Brisk Group, a Project, Cost & Construction Management Services company, for BUCHAREST REAL ESTATE CLUB.  

Brisk Group was founded in 2016 and it is today one of the most successful construction consultancy firms in Romania offering Project, Cost and Construction Management services, with a portfolio covering over 100 projects and more than 600.000 sqm of managed & coordinated constructions. Among the projects in the portfolio, Brisk numbers a series of well – known developments such as Central District 4 Elemente, Luxuria Domenii Residence, Central District Viitorului 134 , Greenfield Residence or APP Town Residence in Bucharest, as well as over 20 projects from retail sector delivered both in Romania and Republic of Moldova or the Heathrow Airport, the Hinkley Point Nuclear Power Station or Carmistin Farms.

Brisk Group consists of a team of over 60 specialists, offering integrated solutions capable of guaranteeing the quality of each process as well as that of the entire project and has offices in Bucharest, London and Chisinau.

“We strive to develop and deliver projects in an innovative and sustainable way. We always look to the future and aim to be one step ahead through implementation and innovation. We work on projects which combine digital technology and environmental protection, and this is why our projects support such design, as we nurture and implement them where desired,” also says Brisk Group representative.

(27.04.2021)

Start Typing