In the Spotlight

In the Spotlight

Member News: COS, the leader of the local office fit-out market, relocates to the new MIRO office building

Member News: COS, the leader of the local office fit-out market, relocates to the new MIRO office building 900 600 BUCHAREST REAL ESTATE CLUB

COS, the leader of the office fit-out * market, is expanding its main representative office in Bucharest and is renting a 3.000 sqm space in the new MIRO building in the North of Bucharest – Baneasa area. The company’s 90 employees in Bucharest will relocate to the new space next summer.

The new space is 3 times bigger than the current COS representative office in Bucharest and this is part of the company’s expansion strategy, both in terms of geographical coverage and in terms of market segments addressed.

“Sarmis investment fund recently joined the COS business as majority shareholder and this is a step forward in the recently announced joint development strategy. We are confident in the extraordinary growth prospects we continue to have, both geographically and in terms of new market segments that we will focus on developing in the future,” said Christophe Weller, COS founder. 

Approximately half of the new leased space will be the work area for the company’s employees and an extensive showroom space for the design objects and furniture provided by COS. The other half will represent a concept of contemporary multifunctional spaces, which can be rented by companies for private events, work sessions, workshops, etc.

From the same developer, Speedwell, COS also rented a space in the Record Park building for the Cluj – Napoca representative office. COS also has representatives in the cities of Timisoara and Iasi. COS estimates a turnover of 30 million euros by the end of 2021 and further aims to expand both in the segment of complete interior design for office space and in the medical segment (interior for clinics and hospitals), educational (especially schools private) and hospitality (hotels and restaurants – design).

Active on the local market since 1998, COS [with the initial name Corporate Office Solutions] is one of the first integrators of interior design solutions established in Romania. On the office fit-out segment, it is the market leader, with a portfolio of over 2.000 large companies for which it signs the headquarters and official representatives office space design. Among the most representative projects signed by COS: Microsoft, KPMG, Accenture, NTT, Porsche Engineering Cluj, Google, Nestle, Reckitt Benckiser, Secom, Takeaway Bucharest, MHP Cluj, Sector Labs Cluj, MHP and Mass Mutual at Record Park Cluj, Cognizant at Hexagon Bus Park Cluj.

COS has exclusive partnerships in Romania with Steelcase and Interface suppliers, international leaders in the furniture, respectively flooring solutions segments, but also with local factories, suppliers and manufacturers of customized furniture, flooring or design solutions.

* fit-out = term describing the activity of providing integrated consulting solutions, concept, design, supply and / or production of furniture and complete design and decoration of interior spaces.

(26.11.2021)

BREC REGIONAL CITIES: Timisoara, Cluj-Napoca, Brasov, Iasi and Constanta attract more than EUR 2 billion in new real estate projects

BREC REGIONAL CITIES: Timisoara, Cluj-Napoca, Brasov, Iasi and Constanta attract more than EUR 2 billion in new real estate projects 900 600 BUCHAREST REAL ESTATE CLUB

Total investments of over 2 billion EURO are currently undergoing or will be soon started in the 5 largest cities in the country (Timisoara, Cluj-Napoca, Brasov, Iasi and Constanta). Thus, between the end of 2021 and 2024, in the 5 cities and in the adjacent regions commercial property projects totaling over 370,000 sqm (office buildings, logistics spaces, retail parks) will be completed, as well as 7 large hotels affiliated to international brands and more than 20,000 new apartments, according to the BUCHAREST REAL ESTATE CLUB (BREC) – REGIONAL CITIES report launched today. The analysis is performed based on BREC information from companies active on the market and CBRE, Cushman & Wakefield Echinox, Simon & Partners Cluj-Napoca, IMRA Real Estate Constanta and EST Hospitality data.

The real estate dynamics across the main cities of Romania:

TIMISOARA ATTRACTS THE LARGEST VOLUME OF INVESTMENTS, NEARLY 50% OF THE TOTAL

Timisoara attracts almost 1 billion euros in investments, approximately half of the total regional investments, in office, retail and logistics projects of over 190,000 square meters, a 5-star Radisson Blu hotel and over 5,000 apartments that will be delivered by 2024, according to the BREC analysis. Of the 5 regions analyzed, Timis attracts the largest real estate investments due to the excellent connection with the pan-European corridors, the area having already been established as a strategic location for production facilities. Iulius Group is working here on one of the most important office projects, UBC 0, with 30,000 sqm and AFI Europe added AFI Park Timisoara project to its portfolio last year. At the same time, large investors in logistics such as CTP, WDP, VGP and Global Vision are present with ongoing projects of over 115,000 sqm.

IASI: + 65,000 SQM OFFICES AND RETAIL AND +5,000 NEW APARTMENTS

Iasi accumulates investments in office and retail projects of over 65,000 sqm and over 5,000 apartments in various compounds that will be completed by 2024. Iulius Group is working here on one of the largest investments in the country on the office segment, respectively 60,000 sqm at Palas Campus, but also the Family Market retail parks in Miroslava and Bucium, a total investment of 17 million euros. In the context of a high presence of foreign companies in this region, COS, the leader of the office fit-out market (design and arrangement for interior spaces), recently opened a new representative office in Iasi. COS also has regional offices in Timisoara and Cluj-Napoca (also operating the Stables co-working space here) and recently attracted the Sarmis investment fund to shareholders, continuing the regional expansion. The large real estate developers in logistics are still absent in Iasi, but two recent public investments – the industrial parks Iasi Industrial Park and Miroslava Industrial Park – have catered for the demand on this segment.

BRASOV: A NEW DEVELOPMENT STAGE

Brasov is at the start of a new development stage, considering the completion of the new international airport, scheduled for 2022, the strategic location in the center of the country and the tourism potential. According to the BREC analysis, Brasov has approximately 2,500 apartments under construction, over 45,000 sqm of office and logistics space under development and 3 other hotels (Radisson, Ibis, Hilton) under various stages of preparation. One of the largest investors in the area is AFI Europe, which last year completed an EUR 148 million investment in the AFI Brasov mixed-use project and will begin construction of the second office building in the project (10,000 sqm) in next period.

CLUJ – NAPOCA: 3 NEW LARGE HOTELS AND +5,000 NEW APARTMENTS

After a period in which Cluj-Napoca attracted the largest volume of investments in offices after Bucharest, the city and the surrounding areas attract over 20,000 square meters of new logistics spaces, 3 new hotels (including a Radisson hotel and a hotel under the Courtyard by Marriott brand) and over 5,000 apartments in projects already started or which will start in the next period, with completion deadlines between 2022-2024. One of the major investors in Cluj is Immofinanz, which owns the Vivo! Shopping center here, with an area of ​​over 60,000 sqm. After recently investing EUR 22 million in the modernization of this center, the Austrian investor will soon complete the modernization of a new 10,000 sqm area at the Vivo! center Baia Mare.

CONSTANTA: INVESTORS BET ON LOGISTICS & RESIDENTIAL. NO MAJOR OFFICE PROJECT YET

So far, Constanta has attracted investments mainly in the retail and logistics segments, while in recent years it is the target of residential investors, both in the city and in the seaside resorts, for holiday apartments. More than 7,000 apartments are currently under construction or will be launched in the next period, including an investment of EUR 40 million in the second phase of the Gran Via Marina project of the Spanish developer Gran Via, which will complete 500 of new apartments until 2024. The region has high potential for logistics, due to its location and available transport infrastructure. Also, the city could attract in the near future at least a major investment on the office segment, given that no iconic building has been developed up to present.

NEW CITIES AND TRENDS ON ROMANIA REAL ESTATE MAP 

New investments in retail parks, a format favored by the social distancing period and by the sanitary restrictions. New cities on the map. Investors Square 7 & Mitiska have recently completed 2 such projects in Baia Mare and Medias, further preparing the expansion of the park in Slatina and a new investment in Giurgiu (20,000 sqm). Also, Iulius group is working on 2 new retail parks under the Family Market brand in the Iasi area (Bucium neighborhood and Miroslava commune), with a total area of ​​9,200 sqm. Other new investments of this type are expected in the market, considering the need still insufficiently covered on this segment in the secondary and tertiary cities in the country.

Logistics, one of the most active real estate segments in the last 2 years, attracts investments in new regions. Element Industrial is developing 500,000 sqm in cities such as Braila (EUR 25 million), Ploiesti or Pitesti. Element Group relies on both large formats and the ELI Xpress format – proximity logistics, inside cities. Also, as the pandemic highlighted the underdeveloped infrastructure for the medical sector, new logistics formats or other medical destination buildings may enter the real estate investors` radar in the next period.

Real estate investments across the country have also drawn the regional expansion of other players in related sectors, such as the fit-out market, facility management, construction and architectural materials / systems, etc. Alukönigstahl Romania, the local subsidiary of the European leader on the market of aluminum, PVC and steel systems, signed in the first 9 months of 2021 contracts worth 17 million euros, with over 60% of the projects on the residential segment, THETA Furniture & More –  interior design solutions integrator is expected to complete a new furniture factory (4 million EUR investment) near Bucharest in Q1 2022, EFMS (Romanian entrepreneurial facility management company) has expanded nationwide, reaching EUR 6.6 million turnover in 2020 and Reynaers Aluminum, a systems for facades and doors supplier, inaugurated 3 new showrooms in Cluj-Napoca, Iasi and Timisoara this year.

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BREC REGIONAL CITIES: Speedwell launched PALTIM, its newest mixed-use project in Timisoara

BREC REGIONAL CITIES: Speedwell launched PALTIM, its newest mixed-use project in Timisoara 901 600 BUCHAREST REAL ESTATE CLUB

Speedwell launched sales for the first residential building of the PALTIM project, offering 123 apartments out of a total of 236. PALTIM is a mixed-use compound featuring residential, office and retail components.

Developed on the old premises of the hat factory with the same name, PALTIM is an urban regeneration project that will give back the city’s residents an important historical spot. The unique location near the Bega River, together with the state-of-the-art design and high-quality materials contribute to creating a one-of-a-kind neighborhood.

In close proximity to one of the biggest parks of Timisoara, Central Park and within walking distance from the city center, PALTIM offers easy access to many points of interest in the city and outside of it. Furthermore, the ensemble features various functions, such as residential with two buildings and a total of 236 apartments and an office one, completed by retail spaces. Speedwell will also preserve the historical and cultural heritage of the location by refurbishing a monument villa and a section of the former hat factory. The villa will host office spaces and a restaurant, while the second building will be transformed into a café.

„We are excited to launch PALTIM. This is a special project for us since it’s the first one we are developing in Timisoara. The historical location also adds to its value. Through PALTIM, we aim to bring back a part of this place’s history by creating a neighborhood where a community can grow and also contribute to this area’s development,”  states Didier Balcaen, CEO and Co-Founder at Speedwell.

Phase 1 of the project will include a residential building with a height regime of P+6+7R and 123 apartments, from studios to 2, 3, and 4-room apartments. The residential units are estimated to be delivered in March of 2024.

PALTIM will be built with high sustainable standards, aiming to obtain the BREEAM Excellent rating for the office component and complying with the nZEB standard, by using superior quality materials for thermal insulation, as well as renewable energy systems. Sustainability and high building standards are a common theme for all Speedwell developments.

Read more about Speedwell >>

3.11.2021

BREC Regional Cities: Square 7 Properties launches Baia Mare Shopping Park and it expands the retail park in Mediaș by inaugurating Medias Shopping Park

BREC Regional Cities: Square 7 Properties launches Baia Mare Shopping Park and it expands the retail park in Mediaș by inaugurating Medias Shopping Park 1200 600 BUCHAREST REAL ESTATE CLUB

Real Estate investments keep going in secondary & tertiary cities across Romania, with new sectors and opportunities arising amid pandemic, according to BREC data.

Although big cities are the main target for top investors, the real estate developer Square 7 focuses on smaller cities. So, together with its strategic partner Mitiska REIM, Europe’s leading specialist investor in convenience Real Estate, Square 7 announced the launch of a new project in Baia Mare and the expansion of its retail park in Mediaș, by inaugurating Medias Shopping Park on October 28, 2021.

The investment in “Baia Mare Shopping Park”, extended near the Kaufland store, on Unirii Boulevard no. 21, totals 8,400 sqm of leasable area and 17,500 square meters of commercial space. 

Among the tenants, there will be well-known brands from several segments, strong retailers both locally and internationally such as Altex, C&A, Kik, Jysk, DM, Numero Uno, Pepco, Sinsay, Sportisimo, Superzoo or Xpress. To the partners already mentioned, Lidl was added as well, which opened a new store in September this year.

Built on the land of the former furniture factory of Mobam SA, the new shopping center – Baia Mare Shopping Park – also has a parking area of over 300 lots, which is an advantage for customers who will pass through this place every day, respectively retail employees.

Also, on the same day, with Mitiska Reim Group, Square 7 Properties completes the expansion of the retail park in Mediaș – “Medias Shopping” by inaugurating a new leasable area of 8,000 sqm. Thus, Medias Shopping Park reaches a total commercial area of 16,400 square meters.

The opening of the new shopping mall, placed on Soseaua Sibiului 75, took place on October 28 and includes new brands such as Altex, Hervis, Kik, CCC, Xpress C&A, Noriel, New Yorker, Sinsay and Super Zoo. These are in addition to existing brands such as Kaufland, Deichmann, Takko, Pepco, Flanco, DM and Jysk, respectively.

“Currently, retail parks are preferred by consumers in terms of accessibility, the advantages being food anchors, outdoor parking spaces and direct access to stores. Time is a valuable asset for customers, who are also oriented towards a good quality-price ratio, therefore focusing on shopping centers that offer comfort, experience and variety, all in one place, is the obvious choice.. Moreover, there are dense residential areas nearby that will generate a large number of customers. There is an increased demand on the market from all our partners in different segments (fashion, appliances, home & deco) and there is a trend in recent years regarding expansion in cities where the commercial offer is not covered, says Clemens Petschnikar , CEO of Square 7 Properties.

In 2022, Square 7 Properties and its partner, Mitiska REIM, plan to expand the existing retail parks in Slatina and Tulcea, as well as starting the development of two new commercial parks in Pitesti and Giurgiu, with a total commercial area of 36,000 sqm.

The Square 7 Properties company, owned by the Austrian businessman Clemens Petschnikar, has 14 years of experience on the Romanian market, standing out through its development, administration, facility and management services for retail parks. Together with the Belgian investor, Mitiska REIM, it manages a portfolio of 25 commercial parks. Currently, the company manages a portfolio of over 130,000 sqm of leasable area.

Mitiska REIM is one of the most active investors in retail projects in Romania. The company, based in Brussels, has 25 commercial galleries in Romania: in Bucharest, Bistrița, Pașcani, Slobozia, Ploiești, Mediaș, Reșița, Buzău, Arad, Odorhei, Sighet, Câmpina, Caransebeș, Medgidia, Iași, Tg. Mureș, Tulcea, Slatina, Mioveni, Bacău, Drobeta and Brăila. So far, Mitiska REIM has a portfolio of 76 properties, with over 800,000 sqm for rent in 10 countries: Belgium, the Netherlands, France, Germany, Spain, Portugal, Romania, Poland, the Czech Republic and Slovakia.

29.10.2021

Member News: Alukonigstahl signed EUR 17 million business for architectural systems in the first 9 months of 2021

Member News: Alukonigstahl signed EUR 17 million business for architectural systems in the first 9 months of 2021 1200 600 BUCHAREST REAL ESTATE CLUB

Alukonigstahl Romania, the local subsidiary of the European leader on the aluminum, PVC and steel systems market, signed in the first 9 months of 2021 a business volume worth 17 million euros, representing contracts for architectural systems for curtain walls, doors and windows, for real estate projects developed in Bucharest and the major cities in the country.

Thus, the company signed this year the delivery of 19,000 sqm of aluminum joinery, of which 3,900 sqm sliding doors in various construction variants. The main trend of this year is the increase of the demand for products with high energy coefficients, the energy-efficient windows representing 25% of the total contracted systems.

“There is a clear preference among the developers of residential projects for the use of windows and doors systems with high energy efficiency. It is not just about the new European standard NZEB – Nearly Zero Energy Building or the specific requirements for obtaining the green LEED or BREEAM certifications, but about the differentiating elements that premium project developers are trying to bring on the market for final buyers of apartments (a higher comfort and considerable savings on the heating bill),” says Attila Beer, Country Manager, Alukonigstahl Romania and Moldova. The company contracted sustainable architectural systems for a total of 120 projects so far this year.

Among the residential projects for which Alukonigstahl delivered aluminum and PVC joinery systems this year are compounds such as Nusco City (NUSCO Imobiliara), Cortina North (Eden Capital Development), Avalon Baneasa Residence Park (Prime Kapital), Isho Living 2 Timisoara (Mulberry Development), Buena Vista Residencial (Latres Investii), Triama Residence (Speedwell).

“On the retail segment, although large investments lacked from the market this year, in the first 9 months we delivered or are in course of delivering aluminum joinery systems for 18 Kaufland stores, a Lidl logistics center and 40 other Lidl stores, distributed throughout the country,” the representative of Alukonigstahl adds.

The share of office building projects compared to the residential segment changed this year, according to market dynamics. Thus, 60% of the demand was registered on the residential segment, 16% – retail projects, 8% – office projects, the remaining 16% being registered on the segment of hotels, industrial and logistics projects, sports stadiums or clinics and hospitals.

The most important projects contracted by Alukonigstahl in recent months were One Peninsula residential compound (One United Properties), Cortina North (Eden Capital Development), Equilibrium Office Building (phase 2, developed by Skanska), Swissotel in Bucharest (Niro Investment Group), Unique Residence Iasi (M2M Solution).

The main market challenges this year:

The main challenges this year remain those related to the increase of raw material prices, which increased uncontrollably on the international markets, which led to a lack of predictability in the real estate development process, as well as an inevitable increase in purchase prices for the final beneficiaries.  

Another problem is the generalization of the shortage of raw materials, which is reflected in the segment of aluminum profiles, but also in the production of insulators and gaskets, but also of PVC profiles, which leads to an unpredictable increase in delivery times, company officials highlight.

Alukonigstahl is the exclusive supplier in Romania for Schuco (world leader in aluminum and PVC systems) and Jansen (supplier of steel profile systems).

Alukonigstahl is a company active in Central and Eastern Europe and is a property of the fourth generation of Konig family. The continuous investments in innovation have propelled Alukonigstahl as market leader in Europe. 

For more than 60 years, the company formed an alliance with two international premium systems suppliers: Schuco, world leader in aluminium systems and PVC experts and Jansen, steel profiles specialist.

28.10.2021

Member News: Ionut Dumitrescu & Sacha Dragic, JV to develop a new player on the Romanian logistic market

Member News: Ionut Dumitrescu & Sacha Dragic, JV to develop a new player on the Romanian logistic market 714 450 BUCHAREST REAL ESTATE CLUB

Sacha Dragic, the founder of Superbet Group and real estate investor Ionut Dumitrescu, the founder of Element Industrial, announce a partnership for the development of ELI Parks logistics network. Anca Damour, a professional with 19 years of experience in the real estate & retail areas, teams up with the new JV. The association is subject to the authorization of the Competition Council.

In the first phase, the project aims to develop 500.000 sqm of industrial space in key areas for the development of the domestic economy, in 4 years. In the second phase, the strategy involves accelerated national expansion and interconnection – including through land acquisitions – with logistic parks in Central & Eastern Europe. The project will be developed by the new entity created from the partnership between ELI and D Craig Real Estate, the real estate division of the investment fund D Craig Holding, controlled by Sacha Dragic. The new entity starts with a capital injection of 90 M €, divided equally between Ionut Dumitrescu and Sacha Dragic. D Craig Real Estate will be led by Anca Damour as CEO.

With the ambitious portfolio it targets, the new joint venture with full Romanian capital will increase the competition on the domestic logistics market, dominated today by multinational players.

Ionut Dumitrescu is the founder of Element Group, with diverse investments in logistics, retail and office. Part of Element Group, Element Industrial is one of the most active local developers on the logistics market. The pandemic created new opportunities in the logistics market, in the context of digitalization acceleration and the growth of the e-commerce market. Through the diversity of products in the portfolio of Element Industrial, the developer aims to be a flexible partner for logistics space tenants in Romania. Besides the investments from the Buftea-Chitila hub, Element Industrial is working on several projects located in cities such as Braila, Ploiesti or Pitesti. All projects under the “ELI Parks” brand are developed to international class A standards, with the main objective of fully covering the needs of potential tenants, regardless of the field in which they operate. In this context, the concepts used in the development of parks allow flexibility in accommodating a wide range of needs, both technical and operational.

Sacha Dragic has become in recent years one of the most important entrepreneurs in Romania, the Superbet group already exceeding the value of 2.5 BN €. In 2019, it gained the trust of Blackstone, one of the largest private equity funds in the world, which became a minority shareholder in Superbet, and this year marked the largest transaction made by a Romanian company abroad – the acquisition of the third player in the Belgian betting & gaming market. Dragic currently has a diversified portfolio of investments – in financial services (minority packages in the Mozaik Investments fund and in Certinvest), but also in companies listed on the Bucharest Stock Exchange, such as Holde Agri. Dragic also controls D Moonshots, a direct and indirect venture capital fund (Venture Capital).

Anca Damour teams up with the new JV and becomes CEO of the D Craig Real Estate. After 19 years at Carrefour, during which time she coordinated the successful expansion of the French group in Romania, she supervised M&As such as Carrefour-Billa or got involved in launching new service business models (Bringo), Anca Damour becomes a partner and the new executive director of D Craig Real Estate.

21.10.2021

Member News: Globalworth announces new investment in the renovation of Tower Center International Office Building

Member News: Globalworth announces new investment in the renovation of Tower Center International Office Building 901 600 BUCHAREST REAL ESTATE CLUB

Globalworth, the leader of the Romanian office market, announces a new refurbishment investment in the lobby of its class “A” Tower Center International (TCI) office building in Bucharest. Current tenants include Mindspace, Tradeshift, Cegeka, E&Y, Hidroelectrica, Deutsche Bank and Anima.

VIDEO: SEE THE NEW TCI OFFICE BUILDING LOBBY AREA:  

Following the strategic positioning pillar, Globalworth – PLACE TO GROW -, the design changes bring a new work experience for the largest business community in Romania.

Under the guidance of the Globalworth team & architect Alin Dobrescu, between June and September 2021, there took place works for the reception’s transformation, interior restoration, facilities’ modernization, renovation, and repairs, equipping the space with furniture and interior & exterior decorations. Thus, the 300 square meters indoor areas and 150 square meters outdoor have undergone a metamorphosis, resulting in an innovative space, inspired by the hospitality industry.

“We are glad that we have completed the TCI refurbishment process for which the majority of the works were carried out after working hours not to disturb our business community. The project was challenging for our team, due to the transformation of an office lobby into a more relaxing “hospitality-like” space. So, what our new TCI lobby wants to offer is a leisure type break during office hours”, said Raluca Ghica, Head of Globalworth Workplaces Romania.


The TCI lobby has a green living wall with moss and green areas with natural plants, a screen with 6 state-of-the-art LEDs and latest generation technological and aesthetic turnstiles, which also allow access for people with mobility disabilities. Electronic automation for the revolving door at the main entrance has also been added. The warm atmosphere was enhanced by the comfortable furniture in organic shapes and the spectacular lighting powered by “local luminaries”, as well as suspended fixtures and floor lamps in the waiting areas. One of the main additions following the refurbishment was the opening of a coffee shop.

Tower Center International is a landmark Class “A” multi-tenanted office building located in the central business district of Bucharest – Victoriei Square area, very close to Kiseleff and Herastrau Parks. It benefits from underground parking and excellent public transport with easy access to any point in the city. The office building is certified BREEAM Very Good.

Read more about Globalworth

Member News: COS, the office fit-out market leader, reaches € 23 M business volume in Q4 2021

Member News: COS, the office fit-out market leader, reaches € 23 M business volume in Q4 2021 1040 600 BUCHAREST REAL ESTATE CLUB
  • Large employers have turned the work from home period into an opportunity to invest in design solutions for their office spaces, in order to attract employees and prepare for the new work formats. The most active sectors: IT&C, professional services, financial services, companies with online activities (eg. food delivery, betting).
  • Hospitals and clinics, private schools and the hospitality sector are investing more and more in design solutions adapted to the new health, safety and wellbeing trends.
  • Along with the regional offices in Cluj and Timisoara, COS inaugurates a new office in Iasi.

COS, the office fit-out* market leader, reports almost EUR 23 million business volume in the 4th quarter of 2021, representing advisory, concept and complete interior design solutions contracts, up by 12% as compared to the same period of 2020. At the same time, the company continues its regional expansion, by inaugurating a new representative office in Iasi, considering the recent years` accelerated development the Eastern part of the country.

75% of COS business in 2021 comes from the office segment, the main field of activity for COS [Corporate Office Solutions], the demand coming mainly from large companies operating in industries such as software / IT & C, financial services and consulting and companies with online activities. However, there is a growing demand from other new segments of the market, which are beginning to invest aggressively in their interior spaces, given the new occupiers` requirements on health and safety.

„The medical sector (public and private hospitals and clinics), the educational sector (especially the private schools) or the hospitality sector (hotels but also restaurants) have started to invest more and more in design and their interior spaces, both as a result of the new health and wellbeing concerns, as well as from the point of view of increasing competition. The interior design and comfort have become strongly differentiating elements for the end customer, given the increasing competition between the players active in these segments,” says Christophe Weller, founder of COS.

Along with the official representative office in Bucharest and the two regional offices in Timisoara and Cluj, COS recently inaugurated a new representative office in Iasi, in United Business Center 3.

“All the transformations that the business environment in general is going through and the way Romania is developing across regional cities are opportunities for COS. Romanians are more and more concerned with design, with improving the spaces interior comfort and we see an increasing concern for quality. The price is no longer the main differentiator in the market and factors such as the efficiency and safety are gaining more and more ground,” COS official adds.

COS has almost 100 employees throughout the country and runs a continuous recruitment campaign, given that the interior design sector is also facing an acute shortage of specialists and skilled labor.

In 2020 and 2021, COS signed projects totaling over 160.000 sqm for large multinational companies (fit-out for office spaces), clinics and hospitals, private schools, companies in the hospitality sector (hotels and restaurants).

Active on the local market since 1998, COS [with the initial name Corporate Office Solutions] is one of the first integrators of interior design solutions established in Romania. On the office fit-out segment, it is the market leader, with a portfolio of over 2.000 large companies for which it signs the headquarters and official representatives office space design. Among the most representative projects signed by COS: Microsoft, KPMG, Accenture, NTT, Porsche Engineering Cluj, Google, Nestle, Reckitt Benckiser, Secom, Takeaway Bucharest, MHP Cluj, Sector Labs Cluj, MHP and Mass Mutual at Record Park Cluj, Cognizant at Hexagon Bus Park Cluj.

COS has exclusive partnerships in Romania with Steelcase and Interface suppliers, international leaders in the furniture, respectively flooring solutions segments, but also with local factories, suppliers and manufacturers of customized furniture, flooring or design solutions.

___

* fit-out = term describing the activity of providing integrated consulting solutions, concept, design, supply and / or production of furniture and complete design and decoration of interior spaces.

(18.10.2021)

ROMANIA | NEW ECONOMY AGENDA | September 29th | What’s next in Q4 2021 & 2022?

ROMANIA | NEW ECONOMY AGENDA | September 29th | What’s next in Q4 2021 & 2022? 893 600 BUCHAREST REAL ESTATE CLUB
Free access for BUCHAREST REAL ESTATE CLUB Member Companies based on prior confirmations.  Please note the number of participants is limited due to the sanitary restrictions. If interested to attend, please confirm your participation at bianca@verbio.ro. All access & logistical information will be provided based on confirmation.

 

Faced with the consequences of the global pandemic, we have a rare window of opportunity to reflect, reimagine & reset our economy and the way we do business.

From reimagining and transforming their businesses for greater resilience to preparing organizations for new tech and digital business models, innovators across sectors are demonstrating that there are successful alternatives. They are pioneering the changes we need to scale up and adapt across industries and markets if we want to change our world for the better.

Join us at “ROMANIA NEW ECONOMY AGENDA” on September 29th in Bucharest. We bring together innovative leaders and entrepreneurs to showcase their solutions, build meaningful connections and inspire change across society.

Agenda highlights:

  • BUSINESS TRANSFORMATIONS: KEY UPDATES ACROSS BUSINESSES
  • TECH ECONOMY: HOW ARE TECH &  DIGITAL ACCELERATION CHANGING OUR ECONOMY & SOCIETY TODAY? 
  • WORKFORCE CRISIS AT BOTH BLUE COLLAR & MANAGEMENT LEVEL: ROMANIA AT MINIMUM HISTORICAL UNEMPLOYMENT RATE
  • RETHINKING EDUCATION & NEED FOR GROWING WORKFORCE ACROSS ESSENTIAL SECTORS       
  • SMART CITIES OF ROMANIA: OPPORTUNITIES ACROSS SECTORS
  • NEW WAYS OF WORK & FUTURE OF OFFICE: RETHINKING INNOVATION, HR & WORKSPACES
  • HOW WILL ROMANIAN ECONOMY LOOK IN 2022 & AFTERWARDS? 
  • KEY ECONOMIC SECTORS. THE FUTURE OF #BANKING, #ITC, #REALESTATE, #ENERGY, #INDUSTRY, #LOGISTICS, #FMCG, #ECOMMERCE,  #HEALTHCARE, #AGRICULTURE, #HORECA
  • HOW DOES THE FUTURE OF WORK, OUR SOCIAL LIVES AND EDUCATION LOOK LIKE?

Among the speakers:

  • Daniel Daianu, Administration Council Member, National Bank of Romania
  • Ciprian Dascalu, Chief Economist, BCR
  • Andreas Lier, President of AHK Romania | Managing Director, BASF
  • Fulga Dinu, Country Manager Operations, Immofinanz
  • Ion Moldoveanu, VP Leading Technology Manager, Deutsche Bank Global Technology
  • Paul Nita, General Manager, ID Logistics Romania | VP, ARILOG
  • Daniela Badulescu, Country Manager, S IMMO
  • Andrei Militaru, CEO, NOD – Network One Distribution
  • Radu Constantinescu, Co-founder, Qualitance
  • Mihai Ciurtin, General Manager, Intersnack
  • Alessandro Masotti, Head of International Clients, UniCredit Bank
  • Corneliu Bodea, President, CRE – Romanian Energy Center | CEO, Adrem
  • Christophe Weller, Founder, COS
  • Bogdan Pismicenco, Country Manager, Romania, Bulgaria & Moldova, Kaspersky
  • Eduard Dumitrascu, President, Romania Smart City Association
  • Valentina Frângu, Public Sector Director, Dell Romania 
  • Emma Toma, Head of Office Division, AFI  Europe Romania
  • Razvan Crisan, VP, HORA |  Co-founder, M60 & Kane Seasonal Bistro
  • Konstantinos Vakalidis, Founder, Atena Medical Center
  • Alexandru Lapusean, Founder, Zitec
  • Daniel Nicolae, Co-founder, Innoship
  • Cosmin Vilcu, Regional Manager, East Europe, SonicWall

Access information:

As the epidemiological situation generated by Covid-19 is evolving in this period, we took the following preventive measures:

  • Masks and disinfectants will be available at the event location 
  • A medical team will perform rapid antigen tests for guests who do not hold a valid green certificate.
  • An area of ​​at least 2 sqm will be ensured for each guest.                                                                                     

The event is co-organized by AHK – The German-Romanian Chamber of Industry and Commerce, ANIS – Employers` Association of the Software and Services Industry, ARILOG, The Romanian Association for Smart City, CRE – Romanian Energy Center, HORA – Romanian HoReCa Association, Hellenic – Romanian Bilateral Chamber of Commerce and BUCHAREST REAL ESTATE CLUB.

BREC Partners: IMMOFINANZ,  S IMMO, VASTINT, COS.

For more information please contact us at bucharest@brec.ro.

Member News: Element Industrial Starts ELI Park Braila, a New Logistics Project

Member News: Element Industrial Starts ELI Park Braila, a New Logistics Project 800 600 BUCHAREST REAL ESTATE CLUB

Real estate developer Element Industrial announces a new project in its portfolio, ELI Park Braila, a total investment of over 25 million EUR. The logistic scheme is localized on an 11-hectares plot in Braila Free Zone. Element Industrial plans here the development of a 50.000 sqm GLA logistic park in 3 phases.

We have recently received the building permit for the first phase of 10.000 sqm, an excellent option for distribution, production or logistics, with direct access to E584”, said Andrei Jerca, Managing Director, Element Industrial, also adding: “Braila has all the advantages a business needs: positioning in the road-naval junction, labor force, the opening given by the bridge over the Danube and, last but not least, local authorities that make every effort to attract investors in the area.”

ELI Park Braila Logistic Park is to be built according to class A standards and for the future phases the developer also targets “built to suit” constructions.

Element Industrial is one of the most active Romanian developers on the logistics market. The developer is working on a series of projects under the ELI Parks brand, logistics parks with areas between 50-60.000 sqm in Bucharest, Bacau, Braila or Ploiesti, as well as warehouses with smaller areas, grouped under the name ELI Xpress in cities such as Bucharest, or Pitesti. The developer also offers an integrated package of built to suit services for production and storage facilities, starting from the identification of the lands suitable for such developments, authorization, design and delivery according to the specific requirements for each project.