In the Spotlight

• Bright Spaces and InteRo Property Development will partner to implement a web-based platform that streamlines the showcasing and selling of InteRo’s entire residential portfolio.
• The platform will be available from the 2nd Q of 2022, with a promise to create a new home buying experience. It will digitally present the developer’s premier residential projects: NorthLight Residence, New Confort City, SkyLight Residence.
• Future clients will be able to access all the information they need about their future apartment remotely, whenever it is convenient to them, with just one platform, instantly accessible from any device.

Proptech Bright Spaces makes a step ahead in its evolution by expanding the verticals it addresses through its solution. To date, the company has partnered with office landlords and developers to showcase office buildings from Romania and the UK.

In Romania, within the new digital Residential sales solution, all of InteRo’s outstanding residential projects will be featured: NorthLight Residence, New Confort City and SkyLight Residence. With this new platform, future clients will be able to explore the interior and exterior renderings of the 3 projects, get real-time availability insights, book a live tour, etc.

The first developer in Romania to present its entire residential portfolio digitally

Bogdan Nicoara, CEO & Cofounder Bright Spaces and Michael Topolinski IV, Head of Sales and Innovation InteRo Property Development are both excited to work together in the future and for their new 5-year partnership.

“This collaboration marks a first: our first implementation for a residential portfolio. Bright Spaces is scaling to reach our bold vision of becoming a global solution for any real estate vertical. We are excited to work with InteRo, an innovative and client-focused business that understands the need for digital-first solutions. We are looking forward to the official launch, it’s a key milestone for our team,” says Bogdan Nicoara, CEO & Cofounder Bright Spaces.

Michael Topolinski, Head of Sales and Innovation InteRo Property Development, also said about their future project:

“We are extremely excited to kick off a 5-year partnership with Bright Spaces, and become the first developer in Romania to present its entire residential portfolio through the platform. Bright Spaces represents progressive technology and ideology within the real estate space which aligns perfectly with the core values of InteRo. Through this partnership, InteRo will be adding a key piece to its technology stack, becoming technologically progressive today and being well-positioned for further advancement in the future”.

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

Read also:
FORTIM Study: Austria is the largest commercial real estate investor on the Romanian market

Austria is the first on the top of the investors which have chosen commercial real estate in Romania last year, amounting to about a third of the acquisition total, according to Fortim, Alliance Member of BNP Paribas Real Estate. The Czech Republic and Hungary rank on the second and third position.

In 2021 Austrian companies have bought real estate assets – office and retail space amounting to a total value of EUR 323 million, the second place being occupied by Czech investors, with a total of EUR 173 million and on the third place – investors from Hungary, with EUR 150 million. During the first months on this year, the Czech and Hungarian investors have remained on top.

The transactions with commercial assets in Romania amounted to EUR 919,45 million in 2021, which represents the third historical place (after the maximum of EUR 1.038 million in 2008 and 1.006 million in 2018). At European Union level the investment in commercial real estate in 2021 have increased by15% as compared to the previous year, reaching EUR 270 billion – as a before-pandemic level.

“Both in Romania and in the European Union we can see an increase of the activity of local and regional investors, unlike those from the Middle-East, Asia and the Pacific which are not that active anymore (due to the pandemic). The investors from the Middle-East, Asia and the Pacific have represented only 8% in Romania, versus 20% in 2019, before the pandemic.  At European Union level, the investment in these regions have also dropped to 15% of the total in 2021, versus 22% in 2019“, said Bogdan Cange, Managing Partner – Business Development at Fortim T.A., Alliance Member of BNP Paribas Real Estate.

·        The investment in this stage of development reaches 30 M €
·        The total GLA reaches 53,500 sqm
·        In the current geopolitical context, Colosseum Mall is donating the marketing budget initially allocated to the launch events to the Romanian Red Cross, in order to support the “Humanity has no borders” campaign

On 24th of March, Colosseum Mall officially opens to the general public, the new building with the assigned commercial spaces, marking on this occasion the completion of Bucharest’s most important retail development in the recent years.

Dozens of local and international famous brands are welcoming their customers with the latest concepts of stores and restaurants in the North-West Bucharest, an area where the residential segment has been developing at an accelerated pace in recent years.

“I am pleased to publicly announce the inauguration of Colosseum Mall and of the new shopping spaces which are long expected by our customers. The whole team put a lot of passion and effort into this project and we are glad that we managed to bring in the stores already present in the location, the new important brands which well-known at the local and international level. We have achieved this development in a difficult period, marked by the effects of the Covid 19 pandemic and the unpredictable geopolitical context, but we are optimistic about the success and the role that Colosseum Mall will have on the retail market in Bucharest. As the responsible actions are part of the company’s values, we decided to donate the budget initially allocated to the inauguration marketing activities, to Red Cross Romania, in order to contribute to the volunteer activities whose aim is to help vulnerable people,” says Mihai Dinu, General Manager Colosseum Mall.

The new brands are accessible to a frugal, yet sophisticated buyer who will discover an elegant space for shopping and meetings with friends and family in the Colosseum Mall.

The brands which will be joining this expansion stage are Sinsay, part of the Polish group LPP, which opens in Colosseum Mall the largest store in Romania, New Yorker, CCC, Deichmann, Smyk All for Kids, Noriel, Stay Fit, with the brand’s largest fitness center in Bucharest, Colin’s, 4F, Douglas, Teilor, English Home, Ac & Co, Mumuso, Optiblu, Nala Cosmetics, Helpnet, City Flowers, Fun Planet, Magic Casino, Superbet Premium Store, KFC, Dristor Kebab, Noodle Pack, Mesopotamia, So! Coffee, Vibe Cafe, Uncle John, All For Six, Bunătăți Ardelenești, Restaurant Presto, La Galleria, Inmedio, Xpressions Beauty & Body Care.

In the next 12 months, Colosseum Mall will host Happy Cinema multiplex with 7 high-end projection rooms, a clinic with medical services, as well as a series of other fashion brands and accessories such as House, Cropp, Splend’or, Penti, Kanel cofectionery and others.

The inauguration of Colosseum Mall will also generate a considerable number of jobs. In addition, the developer is pursuing its planned business objectives and will develop other projects, such as the first drive-thru concept in the location and the construction of the first residential project.

At the beginning of the year, real estate developer Speedwell together with Belgium based Baltisse and AYA Properties Fund have concluded the transaction for the sale of RECORD PARK Offices. The components, subject to this transaction structured as a share deal, are valued at EUR 35 million and combine 15,000 sqm of A-class office and retail spaces (including a historical refurbished building) and 2,000 sqm stand-alone sports center with pool.

Țuca Zbârcea & Asociații acted as Romanian legal advisors to AYA Properties Fund, a Belgian based real estate investment fund with focus on AAA-locations in South-Eastern Europe, with a mixed team of M&A and real estate lawyers under the coordination of Dragoș Apostol, Partner (on the transaction side), together with Oana Ureche, Partner, Amalia Dumitru and Ioana Mărculeț, Managing Associates (on the due diligence side).

“We are very pleased and proud to have acquired the Class A office part of RECORD PARK, a mixed-use development in Cluj, Romania. Given it’s AAA location, quality tenants and BREEAM certificate, the project becomes a prime asset in our portfolio”, says Simon Synaeghel, Investment Manager at AYA Properties Fund.

Also, Țuca Zbârcea & Asociații advised Revetas Capital in relation to the disposal of Vitantis Shopping Center to Praktiker Real Estate Romania. The firm’s real estate lawyers led by Partners Oana Ureche and Răzvan Gheorghiu-Testa advised the seller on all legal aspects that were incident to the transaction.

The deal marks the completion of a successful repositioning and revival of the retail scheme into a large-scale neighbourhood power centre focused on home, convenience and grocery products, with long-term leases secured by well-established domestic and international retail operators.

“Vitantis Shopping Center was one of most ambitious investment exercises we undertook in 2014 and a showcase of a successful turnaround of a “first generation” shopping center located in one the most competitive submarkets of the Romanian capital city. During the holding period, we navigated one of the most challenging decades for retail as an asset class, additionally intensified by the dynamics of the following economic downturn initiated by the Global Financial Crisis and the massive traffic and operational restrictions imposed by the COVID-19 pandemic”, explains Radu Boitan, Head of Investments at Revetas Capital.

Țuca Zbârcea & Asociații has a strong real estate team advising investors and developers, asset and property managers, financial institutions/banks, energy investors, major retailers, engineering, construction and infrastructure companies and public authorities. The firm is a three-time winner of the “Law Firm of the Year in Real Estate” Award from CIJ magazine (Central & Eastern European Construction & Investment Journal) and is also highly rated by all international legal directories (Legal 500, Chambers Europe etc) as regards its expertise in real estate and construction matters

GTC, one of the leading real estate companies in Central and Eastern Europe, announces the leasing of 1,618 square meters, located in two of its emblematic projects in Bucharest, City Gate and Premium Plaza. Also, the developer extended the lease contracts with other two companies that together occupy  1,510 sq m of office spaces, in City Gate.

The end of 2021 was a fruitful period for GTC Romania that welcomed 3 new tenants in the City Gate Project including ZIM Integrated Shipping, an international cargo services company, and  Bachmann Romania, a company that operates in the electrical engineering sector and is present in 7 countries across Europe. The new tenants will move into their new offices in the first quarter of 2022.

“Romania is an important market for Bachmann. After opening our first showroom in London in November 2021, we decided to replicate the concept in Romania. We are confident that the location we selected in City Gate – owned by GTC, with whom we have a solid partnership – will help us promote our business and our capabilities,” stated Răzvan Dumitrache, Country Manager Bachmann Romania.

The last quarter of 2021 was a good period not only for signing new partnerships for GTC, but also for consolidating relationships with previous tenants. One of the biggest global home appliance producers, Miele, signed a five-year lease extension for its 614 sq m space in City Gate South Tower, where the company has a showroom.

“We have been partners with GTC for 8 years and we were grateful for the good collaboration, so the extension of the lease is definitely a reason to celebrate the trustful partnership,” stated Dragos Grigore, Miele Romania.

Also, Keyence, a leading supplier of sensors, measuring systems, laser markers, microscopes, and machine vision systems worldwide, is another company that decided to extend with 5 years the lease for the 380 sq m office spaces occupied in City Gate – South Tower.

Premium Plaza, located in Victoriei Square, also welcomed a new tenant, which signed an agreement for 516 sq m, and will move in February 2022 to their new offices. The company is part of a global healthcare group offering high-quality products and services.

“I am very pleased because not only that we have managed to keep our tenants close, but we have set the basis for what I hope to be strong and long partnerships. I believe these signings are a signal that the market is recovering, and that the companies and their employees are coming back to offices, even if the way we work has changed. Also, for GTC, it is also a sign of renewed tenant interest in healthy and modern class A office spaces, adapted to ESG norms, that respect the environment and ensure a safe working environment for the people, especially in this period. GTC proved again that it is not only a building owner or developer, but a true partner for its tenants and I am grateful to all our Romanian team and partners for this new accomplishment,” stated Ziv Gigi, Managing Director of GTC’s operations Romania.

The fact that the office market is constantly growing,  is also shown by the latest global study Deloitte 2022. According to the quoted source, the representatives of the companies in the commercial real estate sector (commercial spaces, business centers and offices, logistics spaces) estimates, in a proportion of 80%, an increase of revenues this year compared to 2021, and 73% expect the intensification of transactions in the field in the next 12 months.

MASTERBUILD – General Contractor & Developer announces the start of new investment, in a logistics park of over 16,000 sqm, on a land area of ​​34,000 sqm, located North of Bucharest, in Butimanu – Dambovita area, with direct access to DN1A.

The investment value amounts to approximately 20 million euros and the new logistics park will take over the increased market demand for industrial and storage spaces with special thermal conditions, requested especially by the consumer goods industries (meat, dairy, vegetables, fruits) but also by the pharmaceutical industry or other sectors active in the field of perishable goods.

The project, a Build-to-Suit development, will benefit from class A construction standards, with a hall height of up to 14m and sustainable construction elements, for utility consumption and on-site maintenance costs optimization. The project is equipped with photovoltaic panels and an extensive ultra-light green roof, which will save up to 30% of the energy and maintenance costs.

The office areas within MASTERBUILD LOGISTIC PARK will also be class A, operated with an automated management system (BMS – Building Management System). In terms of sustainability, the project will be BREEAM (European Sustainability Certification System) certified and construction will begin in the second half of this year.

“There is a growing demand on the market for the segment of controlled temperature spaces and the area between Bucharest and Ploiesti, where the new logistics park is located is very effervescent, with many agribusinesses and food processors active in the area,” says Stefan Vayna, CEO of MASTERBUILD – General Contractor & Developer.

MASTERBUILD – General Contractor & Developer is a construction and logistics development company, active since 2005 both in the segment of industrial constructions and commercial and residential projects. The company operates both in Romania and in international markets.

Globalworth, the leading office investor in Central and Eastern Europe (CEE) and the leader of the Romanian office market, obtained BREEAM Outstanding accreditation for Globalworth Square, with 99% scoring, placing the building on the 3rd place worldwide.

• BREEAM Outstanding is considered the most rigorous framework for advancing and certifying sustainable development practices in the world.
• Globalworth Square received excellent recognition for Health and Wellbeing, Energy, Transport, Water, Materials, Land Use and Ecology, Pollution and Management.
• Globalworth Square is the most technologically advanced office building in the Globalworth portfolio.
• The certifying process has been implemented together with BuildGreen, one of the most active consultants in the field of sustainable development, with an expertise that covers over 17 European countries.

“It is an honour to announce that Globalworth Square obtained BREEAM Outstanding accreditation reaching the score of 99% – not just the highest score achieved by an office building in Romania, but the 3^rd highest in the world. I would like to thank the entire team involved in the development and the certification process, who pushed the potential of the project beyond our initial expectations, placing Globalworth Square as a reference building in sustainable development”, stated Dimitris Pergamalis, MRICS, Group Head of Workplaces at Globalworth.

Globalworth Square is a very ambitious project, designed as a business hub focused on sustainability, innovation, and efficiency. Located in the northern part of Bucharest, Globalworth Square is a class A office building totalling 29,000 sqm leasable area distributed over 3 underground levels, Ground Floor and 15 upper floors plus 1 tech level, with a generous typical floorplan of 2,130 sq.m. With this project, located in the middle of the Globalworth District, the largest business community in Bucharest, the landlord is creating a new standard when it comes to responsiveness, well-being, sustainability, and reduced costs of occupancy. The building is using a geothermal system under the slab foundation, capable of considerably reducing the cooling and heating costs of the entire edifice. Since technology plays a central role in the office of the future, a trend accelerated by the pandemic, Globalworth is bringing the future closer with a series of unique innovations. It is one of the few-producing buildings in Romania, an important part of the energy consumption being provided by the photovoltaic roof.

“Placing Romania on the 3^rd position in the top greenest office buildings in the world is a truly great achievement for our client, our amazing team, but also for the entire real estate industry”, added Razvan Nica, BuildGreen founder and Managing Director.

To increase safety, direct contact with the surfaces in Globalworth Square is limited by implementing touchless solutions with IR-sensors in all the sanity facilities, while the access to the building and office spaces are available through Blue-tooth and NFC technologies. In addition, maximum air quality is achieved as the air handling units are equipped with both in-built humidification and innovative air disinfection ensuring germ-free fresh air introduction at the optimum humidity.

Another innovation is the building’s cooling system, consisting of a heat pump, R1234ze ecological freon chillers and boot storage, designed to generate low energy consumption. The implementation of the ice storage system is unique for a class A office building in Romania.     

New infrastructure projects worth more than € 1.5 billion are expected to be delivered in the regional cities of Romania this year, while in Bucharest construction works for the new bypass will continue as part of a € 1 billion investment. At the same time, the first new airport in the last decades will start operating in Brasov from 2022, following an investment of approximately 70 million euros, while airports in other cities are included in major modernization programs, highlights a BUCHAREST REAL ESTATE CLUB (BREC) analysis, in partnership with Concelex. 

The main direct beneficiary of these investments are the industrial and logistics real estate segments. In Romania, there are already operating over 5.4 million sqm of modern logistics spaces, mainly in Bucharest and in the regional cities in the South, Center and Western parts of Romania and this year over 700,000 sqm of new deliveries are expected. The Eastern part of the country is beginning to recover in this segment, given the highways and express roads that will be delivered in the coming years in the region.

Bucharest: The new A0 bypass, one of the most expecter new investments

A0, the new bypass of Bucharest, is currently under development. The road will be connected to the main A1 and A3 highways and the National Road DN 1. The construction will be completed gradually, with the first deadlines set for 2023. The development will continue until 2026. The total investment amounts to almost EUR 1 billion.

Cluj-Napoca: Two new highway sections 

Near Cluj-Napoca, a 30 km section of the Brasov-Oradea highway is under construction and it will be delivered in 2023. The project value is estimated at over EUR 282 million. In Alba County, South of Cluj-Napoca, another section of the Sebes-Turda highway, with a 24.2 km length, was inaugurated at the end of last year, following a EUR 111 million investment.

Timisoara: A new 26 km detour 

The bypass road in the Southern part of Timisoara is under construction and will be opened in 2022, according to estimates by the National Company for Road Infrastructure Management (CNAIR). The almost 26 km section is being developed following an investment of approximately EUR 55 million.

Moldova area, a new development stage. A7 – Moldovan Highway, the largest project in the Eastern part of the country

A strategic investment in the infrastructure of Iasi County will be the new Targu Neamt-Iasi-Ungheni highway, which is in the design phase. The first sections are scheduled for inauguration starting with 2025, according to CNAIR. Additional express roads are being planned in the region and construction should begin in the coming years. The A7 project will be the largest transport infrastructure project developed in the area of ​​Moldova to date. The highway will connect Buzau with Siret and will cross the cities of Focsani, Bacau, Pascani and Suceava.

A separate highway segment will connect Ploiesti and Buzau. Ploiesti – Buzau is the first section of the A7 Ploiesti – Pascani announced for the start of construction after the 16 km section of the Bacau Beltway was recently inaugurated.

Also, in Botosani, a new ring road is being authorized for investment. The project will be developed following an investment of approximately EUR 34.6 million; the bypass will be 10 km long and will be the largest infrastructure project developed in Botosani in over 3 decades. In Bacau, in mid-November 2021, the 30.8 km long detour was officially delivered. The project includes 7 bridges, 9 passages and a road junction and was developed following an investment of approximately EUR 135 million, financed from European sources.

Constanta: Strategic stake on the sea–side  

The infrastructure of the seaside city has a strategic stake, with a large portfolio of investment projects undergoing both in the city of Constanta and in the port area, in the following years. Among the major projects that could attract new investments are the construction of the new sports complex Farul Constanta (a stadium with 18,000 seats and an investment value of EUR 85 million), projects to improve urban mobility both inside the city (Smart City projects) as well as between the city and the seaside resorts, as well as an extensive urban regeneration project of the Downtown area.

New regions under development:  

• Braila – Tulcea Bridge, the 3rd longest suspended bridge in Europe and the longest in Romania.

Over 55% of the total works at the Braila Bridge have been completed. The bridge will be 1.97 km long and will be the third longest suspension bridge in Europe. The entire project will be completed, according to estimates, at the end of this year.

• Craiova: Accelerated development in the South. The Craiova-Pitesti express road is another key project, which will contribute to the development of the Southern part of Romania. The first sections covering 57.5 km are planned for delivery in 2022, based on an investment of approximately EUR 363 million. Another section with a total length of 63.5 km will be completed in 2024, following an investment of EUR 262.6 million.

• Reduced Bucharest – Giurgiu distance. The 3.2 km long Mihailesti bypass was opened to traffic at the end of 2021. After the completion of the Bucharest ring road, the city of Giurgiu and the Southern border of the country will be at a significantly reduced distance.

• Bistrita, a new possible connection between Baia Mare and Suceava. Discussions are underway for the inclusion of the Bistrita bypass road in the structure of the new highway that will connect Baia Mare with Suceava. This project could generate new investment opportunities for the city and the surrounding areas. 

• Satu Mare, a new detour. In 2021, the Satu Mare bypass was opened to traffic. The project has a total length of 19.5 km, and approximately 12 km are designed to allow high speed traffic.

New investments in airport infrastructure in Brasov, Bucharest – Baneasa, Iasi and Timisoara  

The first new airport built in the last decades will become operational in Ghimbav, 12 km from Brasov, following an investment of approximately EUR 70 million. Authorities plan to raise around € 300 million in EU funding to build a rail link between the airport and Brasov, which could boost freight operations in the region. In this year`s Spring, the modernized Bucharest Baneasa Airport should reach its maximum capacity. The airport has recently benefited from major renovations worth approximately EUR 13.4 million.

The authorities also announced plans to modernize Iasi Airport. The total investment budget of approximately EUR 90 million will be used to add new passenger terminals and to develop a new car park. Construction is expected to be completed by 2023, according to available information. In Timisoara, a new terminal for international departures will be developed by the end of 2023 following an investment of 200 million lei (40.4 million euros). The new airport terminal will cover 4,383 sqm and will support an increase in annual passenger capacity to 3 million.

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)

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