REAL ESTATE

PREMIER LEAGUE

by BUCHAREST REAL ESTATE CLUB

ALL PEOPLE YOU SHOULD KNOW ON THE ROMANIAN REAL ESTATE MARKET


THE MOST ACTIVE INTERNATIONAL INVESTORS & DEVELOPERS. OWNERS & MANAGERS. LOCAL ENTREPRENEURS. OFFICE. LOGISTICS & INDUSTRIAL. RETAIL. RESIDENTIAL. RETAIL POWERLIST. COMMERCIAL BROKERS & ADVISORS.


Construction & Suppliers. Property & Facility Management Services Owners & Managers. All People You Should Know in PROPTECH. Architects & Interior Designers. Real Estate Bankers. Advisory & Law Firms.

Romanian real estate market is getting ready for a new development cycle, fuelled by a strong economic development (+2.8% in Q1 2021 vs Q4 2020 and an estimated 6% growth for 2021, according to the International Monetary Fund, which estimates Romania will register the 2nd highest economic growth in EU in 2021).

We expect an effervescence in the logistics sector (both as response to increasing market demand and as a result of the reconfiguration of post – pandemic transport routes will continue to fuel the need for logistics in Romania). The local real estate market is not saturated on the other classes of real estate assets either and with the post-pandemic “back to the new normal” we will see increases both in the field of offices and in the field of retail or hotel. On the residential segment we see a high potential given the old high stock (Romania has the oldest housing stock in the EU, 87% of its total being built before 1990) which no longer meets the standards of the new generations.

THE FIRST POWERLIST ON THE ROMANIAN REAL ESTATE MARKET

WHO ARE THE OWNERS & MANAGERS OF THE LARGEST REAL ESTATE PORTFOLIOS IN ROMANIA?

RETAIL

€ 2 BLN.
NEPI Rockcastle

  • Alex Morar
  • CEO
OFFICE & INDUSTRIAL

€ 1,4 BLN.
Globalworth

  • Dimitris Raptis
  • CEO
RETAIL, OFFICE & RESIDENTIAL

€ 1,3 BLN.
AFI Europe

  • Doron Klein
  • CEO
RETAIL & OFFICE

€ 1,2 BLN.
Iulius Group & Atterbury

  • Iulian Dascalu
  • Founder
INDUSTRIAL

€ 1 BLN.
CTP

  • Remon Vos
  • Founder
RETAIL & OFFICE

€ 800 MIL.
Immofinanz

  • Fulga Dinu
  • Country Manager Operations

Source: Cushman & Wakefield Echinox & BUCHAREST REAL ESTATE CLUB

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“As the leading office investor in Central and Eastern Europe (CEE), we will continue promoting our current portfolio and assets to new tenants for the office segment, as well as expand our logistics portfolio, Globalworth Industrial.

At the same time, we will continue monitoring the market for attractive investment opportunities in the office segment – we are in the privileged position to ample liquidity at our disposal, and the purpose is to invest it wisely – we expect 2021 to be predominantly a year of actively managing our existing office portfolio and working side by side with our tenants, together creating the office of tomorrow for the long run.”

DIMITRIS RAPTIS

CEO, Globalworth Group

“2021 is an important year as we have announced our intention to be listed on the Bucharest Stock Exchange this summer. 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.”

VICTOR CAPITANU

Co-Founder & Executive Director, One United Properties

“We focus on growth, especially for our successful myhive brand on the office market. Regarding our retail products we focus on STOP SHOP, as we already have a good VIVO! presence in Romania. Our STOP SHOPs are a cost-efficient, high-yielding and crisis resilient retail format. At the core of our business is our community of tenants and this remains a priority in our activity.”

FULGA DINU

Country Manager Operations, IMMOFINANZ Romania

“With the projects we develop we focus on innovation, experience offered to future occupants of the buildings, but also on sustainability. We believe in a sustainable development of the city, in the role we play in the growing of communities. In the next period, we will continue our activity on our sites. We have delivered Campus 6.2 project in Q1 of 2021. We have started the second phase of Equilibrium project and we will also continue.”

AURELIA LUCA

Executive Vice President Operations Hungary & Romania for Skanska’s commercial development business unit

“Speedwell is going to launch sales for PALTIM, mixed-use project in Timisoara, and continue sales for THE IVY and TRIAMA Phase 2. Speedwell plans to acquire at least 2 new plots for residential or mixed-use developments per year, across Romania. Furthermore, the first plot was bought in December 2020 for a new business line in developing quality SME-units under the brand name SpacePlus© nationwide, offering 500 to 2.000 sqm units for direct use.”

DIDIER BALCAEN

CEO & Partner, Speedwell

“Vastint Romania is preparing forthe start of Phase 2 of Timpuri Noi Square, that will bring another 100.000 sqm gross build area of office and retail spaces in the next few years. Ready to develop other projects if the market requests it.”

ANTONIU PANAIT

Managing Director, Vastint Romania

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All People You Should Know on the Romanian Real Estate Market

ANDREI DIACONESCU

BUILDING STRONG RESULTS

  • Co-Founder & Executive Director, One United Properties
  •  Consolidated turnover of One United Properties (2020):  € 110 mil.
  • Experience: More than 20 years in real estate development alongside banking & investment experience

Andrei Diaconescu is Co-Founder and Executive Director of One United Properties, coordinating Operations, Finance and Legal.

Focusing on operations within the company, in the past years Andrei Diaconescu has coordinated a strong team delivering sustainable and state-of-the art architectural projects. The company is one of the first to introduce to Romanian real estate market the mixed-use projects encompassing residential, office and leisure and commercial units, and also the ambitious regeneration projects that aim at revitalizing formed abandoned areas, such as One Cotroceni Park or One Herastrau Towers.

The company succeeded in innovating both in terms of the concept of residential and mixed projects, but also in terms of construction practices, which result in energy-efficient, sustainable, and environmentally sound buildings.

DANIELA BADULESCU

AN EXPERIENCED FINANCIER IN REAL ESTATE

  • Country Manager, S IMMO Romania
  • Portfolio value of S IMMO AG group: € 2.4 bn
  • Experience:  More than 17 years on the real estate market

Daniela Badulescu has been one of the administrators of the Romanian entities of the international real estate player S IMMO AG and Country Manager S IMMO ROMANIA since 2011. She started working in the real estate sector for a Swiss investment fund in 2004 and joined Immorent Romania (Erste Bank real estate investment division) as a real estate manager in 2007 – responsible for Romanian S IMMO AG`s projects.

In recent years, she has managed the development THE MARK office building in Bucharest, with an occupancy of almost 100% at its completion in 2019. She was part of the S IMMO team from the beginning – and was involved in both the pre-development and development process, as well as in rental and administrative activities.

IULIAN DASCALU

THE LARGEST SHOPPING MALLS OWNER IN ROMANIA

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

Iulian Dascalu founded Iulius Group in 2000, company which became the largest Romanian owner of shopping malls on the local market.

His business started in the early 90s, at first with a few shoe stores, followed by Iulius Commercial Centre in 1995 and Terra Commercial Centre in 1996. His first mall was Iulius Mall in Iasi in 2000, the first shopping mall outside of Bucharest.

Now Iulius Company is the only developer and operator of mixed – use urban regeneration projects in Romania, with more than 20 years of real estate experience operating in 4 major Romanian cities, namely Iasi, Timisoara, Cluj-Napoca and Suceava.

GET YOUR COPY OF BREC PREMIER LEAGUE

All People You Should Know on the Romanian Real Estate Market

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