In the Spotlight

In the Spotlight

Proptech Bright Spaces raises € 1.5 M in new financing round, lead investor Axeleo Capital

Proptech Bright Spaces raises € 1.5 M in new financing round, lead investor Axeleo Capital 900 600 BUCHAREST REAL ESTATE CLUB

Bright Spaces’ solution allows future tenants to visualize and interact digitally with an office space in 3D, discover its main tech specs, surroundings, main points of interest as well as to request an offer or book a live tour. On the other hand, landlords benefit from an integrated, easy-to-use Admin Panel that provides data on closed deals, vacancy, potential customers and their specific requirements (desired parking spaces, storage etc.) and can generate a personalized HOT directly from the platform.

”We are witnessing an accelerated digitization of the commercial real estate industry and an increased interest for tech solutions that facilitate digital leasing and visualization of spaces. The solutions we are building will transform the way landlords do business from now on and we are grateful to all our partners, clients, and mentors who trust us and help us grow.” – Bogdan Nicoara, Cofounder & CEO Bright Spaces.

This funding will support the growth of the company, the development of new tech features and its expansion to new markets in CEE and Western Europe.

Bright Spaces brilliantly integrates existing workflow of RE players to accelerate commercialization and optimize management of tenants without disrupting the organization. The platform also helps asset managers get more control on their data to easily value them later, which answers a real market need. This awareness of industry practice has already paid with powerful players adopting the solution both in eastern and western Europe.” – Mathias Flattin, Partner and Fund Manager of Axeleo Proptech I

The company is also a Pi Labs Accelerator Alumnus, having been selected to join the renowned proptech program in 2020, together with other 4 companies, out of over 600 applications.

Faisal Butt, Founder and CEO of Pi Labs, commented:

Prior to the pandemic, we were already looking into visualisation platforms off the back of our research findings that these will emerge as essential tools both in the short and long term, as tenant and buyer behaviour shifts to carry out part of the viewing and pre-leasing process virtually when searching for suitable space. This is why we backed Bright Spaces, from “day zero” of their startup life cycle, prior to the pandemic, identifying that their 3D interactive visualisation platform has potential to become a leading global solution that transforms office leasing. We were impressed with the founders, Bogdan and Andrei, when they went through our accelerator program last year, and look forward to being a part of their journey as they reshape how developers, landlords, agents and tenants showcase and lease their properties in the post-Covid world.

Since its launch in 2019, Bright Spaces has raised a pre-seed round from local investors and has launched several tailored digital leasing platforms that streamline leasing processes for their clients in Romania and the UK. Some of the startup’s first clients are: Skanska, One United Properties, Impact Hub, Moorland Property Solutions.

As a consequence of the company’s sustainable growth, after their initial investment, Sparking Capital and Growceanu decided to do a follow-on and join the new round for Bright Spaces.

“The progress achieved by Bright Spaces is remarkable and we are happy to contribute again to the development of the company, after the first funding round, led by Sparking back in 2019. This transaction is a sign of maturity not only for Sparking Capital portfolio, but for the entire Romanian ecosystem.”  – Cristian Negrutiu, Founding Partner at Sparking Capital

“This highly experienced and driven team addressed a real-world problem and validated it in a large market, right from the start. We’re delighted with their execution and eager to support them further.” – Ciprian Man, co-founder, Growceanu Angel Investment

Among the angels who decided to invest, while offering mentorship and industry knowledge as well, there are: Alexandru Boghiu (Mavers Wealth Management), Marian Dinu (DLA Piper Dinu), Barrie Heptonstall (a former IBM executive and angel with 60 investments), Elena Vladescu (Financial Advisor).

BRIGHT SPACES is a European Venture Backed PropTech startup that offers a complete digital showcasing and leasing solution for office spaces. By using 3D visualization, digital space availability and various automation, optimization, and digitalization features in the office space leasing process, Bright Spaces aims to increase the number of relevant requests and to foster commercial agreements in this segment. 

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.

Read more about One United Properties leadership

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  

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. 

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.

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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)