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Articles

Carol Davila University of Medicine and Pharmacy buys Quest office building in Bucharest

The Carol Davila University of Medicine and Pharmacy completed the purchase of Quest, a boutique building in central-eastern Bucharest that will be used by the Institute for Research and Development in Genomics.

Filip & Company strengthens its Real Estate practice by co-opting Ioana Grigoriu as counsel

Ioana Grigoriu, a lawyer with more than 15 years of experience in real estate, has joined Filip & Company as counsel.

Nooka Space appoints Irina Leca as new CEO and raises investment round worth EUR 2 Million

The future of work is in a continuous transformation, and one of the vectors of this change is the startup Nooka Space, which today officially announces the appointment of Irina Leca as CEO of the company, as well as the raising of a new investment round worth €2 million. This initiative is also supported by existing investors and partners, with the objective of continuing international expansion and developing Nooka Space’s operations in new markets and verticals, including Portugal, Italy and aviation verticals. The investment is nearing completion and is currently in the final stage of selecting relevant investors.

Fortim Trusted Advisors, member of the BNP Paribas Real Estate Alliance, officially announces a new real estate line of business in the residential segment

Known for its expertise in valuation, consultancy and real estate transactions in the office, industrial and commercial categories, but also for its property management services and capital market know-how, Fortim Trusted Advisors company is expanding into the residential category, with Sales & Marketing services.

Griffes announces partnering with Portland Trust for leasing and commercial operations of J8 Office Park

Griffes, a prominent real estate advisory company, is proud to announce its partnership with Portland Trust, the renowned commercial property developer, to spearhead the leasing operations of J8 Office Park in Bucharest. This collaboration marks a significant milestone in the company’s growth, becoming the 8th building and a landmark property in Griffes portfolio.

Former industrial platforms in Bucharest continue to generate among the highest number of land transactions

The land market in Bucharest has remained active over the past 12 months, in terms of acquisitions made by residential, logistics and retail real estate developers by particularly targeting the former industrial platforms within the city, which provide easy access, according to data from the Cushman & Wakefield Echinox real estate consultancy company.

Forte Partners completes U Center 2 office building in Bucharest

Real estate developer Forte Partners recently announced the completion of the U•Center 2 office building in Bucharest, two years after the works started.

The number of sold properties increased in H1 2023, but the average price per asset decreased by more than 50%

The number of sold income – generating real estate properties (office, retail, industrial & logistics spaces and hotels) during the first half of 2023 increased by 30% when compared with the same period of last year, but the average price per property decreased from €24 million to €11 million. Therefore, the transactional volume has seen an y-o-y decline of 43%, to a level of €181 million, according to data from the Cushman & Wakefield Echinox real estate consultancy company.

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