The month of June in Belgrade has long been reserved for the world of real estate. Belgrade invites and expects participants who will come to visit the REBEC event.
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces that sennder, Europe's leading digital freight forwarder, which entered the Romanian market in spring 2022, has chosen following CBRE's advisory the One Cotroceni Park office development to be its new employee-centric harbor as part of its ambition to bolster its position in Romania.
NEPI Rockcastle (NRP.AS) (JSE.NRP), Europe’s third largest listed owner, developer and manager of retail properties by portfolio market value at €6.6 billion, and the largest in Central and Europe, generated a 27% rise in net operating income (NOI) in the first quarter (Q1) of 2023 versus Q1 2022, to €120 million. The sharp uptick in performance extends the trend that was accelerating through 2022 and was driven by higher base rents, tight management of operating costs and an €8.8 million contribution from the three acquisitions - Forum Gdansk Shopping Center, Copernicus Shopping Centre, 50% of Ploiesti Shopping City - made by the Group in the second half (H2) of 2022. The increase in NOI was 17% on a like-for-like (LFL) basis.
The Center – West area (Politehnica, Orhideea, Cotroceni) has become the largest office hub in Bucharest, overtaking the Floreasca – Barbu Vacarescu submarket in Q1 2023. This situation is expected to remain constant on a medium term at least, given the plans announced by developers, according to data from the Cushman & Wakefield Echinox real estate consultancy company.
One United Properties (BVB: ONE), the leading Romanian green developer of residential, mixed-use and office real estate, posts a consolidated turnover of 89.3 million euro in Q1 2023, a 27% increase compared to Q1 2022.
This year’s survey, in its third edition, recorded a response rate of 76% and reveals how much residents appreciate their office experience. The findings are a confirmation that the actions and initiatives carried out by the Skanska team together with the Property and Facility Management team in Equilibrium have achieved their goals. The study was conducted in March 2023 among the tenants of the first building in the Equilibrium complex.
MEDCITY, the only developer of healthcare buildings in South-East Europe, acquired a prime building of over 1,000 square meters in the center of Timisoara from fashion group Folli Follie Group in a transaction brokered by Colliers. Thus, MEDCITY is making its entry into the western city, expanding its portfolio of buildings under The Medical Mall concept, exclusively dedicated to healthcare operators and related activities.
The Romanian investors have made real estate acquisitions worth €1.1 billion in the last 5 years, having a share of 28% in the investment volume recorded during this interval. Therefore, they have been the most active buyers of income-producing real estate assets in Romania, according to data from the Cushman & Wakefield Echinox real estate consultancy company.
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