Coffee with Craig Show – daily CRE news covering the CEE region, Friday, June 23, with Winston Norman, Editor and Chief of EuropaProperty.com.
Cosmetics, clothing and F&B operators record highest y-o-y growth in Romania
According to the Romania Retail Snapshot 2023 study by Cushman & Wakefield Echinox, certain retail sectors recorded higher y-o-y revenues in 2022, with the largest increases being reported by the Cosmetics (32.9 percent), F&B (32.5 percent), and Clothing (24.5 percent) sectors.
The surveyed retailers registered a cumulative turnover of €32.3 billion in 2022, compared with €27.7 billion in 2021 and €24.9 billion in 2020.
Vlad Săftoiu, Head of Research at Cushman & Wakefield Echinox, said: “Retail has continued to be a significant contributor to GDP growth in 2022, a trend which we also noticed in the first quarter of this year.”
Banca Transilvania leases 10,000 sqm from Globalworth in Bucharest
Office investor Globalworth announced the signing of a lease agreement with Banca Transilvania. This agreement highlights one of the largest office leases in Romania this year, underlining the dynamic real estate market in the country and Globalworth’s leading role within it.
The lease agreement covers 10,000 sqm of office space for the Banca Transilvania employees on the sixth through eleventh floors of the Green Court A building in the Floreasca-Barbu Văcărescu area.
“This significant leasing contract marks another key moment for us and the Romanian office real estate market this year,” said Ema Iftimie, Head of Leasing at Globalworth Romania.
Developed following the latest market trends, the Green Court project is LEED Gold certified, ensuring a high level of quality, comfort, and energy-efficient spaces.
Atenor obtains occupancy permit for office centre in Budapest
The RoseVille office complex has obtained an occupancy permit in the northern part of Budapest. The building, developed by Atenor, offers 15,500 sqm of rentable space and will be opened in July this year. The first group of domestic and international tenants have signed leases, including Veeva Systems, L’Oréal and the developer itself.
The ESG-compatible building fully complied with all regulations and professional expectations. Atenor has secured BREEAM Excellent and Access4You Gold certifications. The office building was built to the highest technical quality and care for the environment, which is proven by the fact that the developer was one of the first landlords in Budapest to sign so-called “green leases”.
50 percent of Neo Natolin’s first stage sold
Real Management S.A. has signed pre-sale contracts for 42 residential units, which is half of the units being developed in the first stage of Neo Natolin. The project will be ready to welcome its first residents as early as Q3 2024. The development will ultimately consist of over 200 residential units with accompanying leisure infrastructure.
“We are very pleased with the interest in our newest residential project in the Wilanów district and the progress of work at the construction site,” said Marcin Malka, CEO of Real Management S.A.