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Jumbo, the first logistics center in Romania, in Popești-Leordeni

Greek toy and decoration retailer Jumbo has begun construction of its first warehouse in Romania in Popești-Leordeni, within a center that will also include office space, following an investment of about 35 million euros, according to information obtained by Profit.ro.

The land market in Bucharest in 2020

Romanian housing developers, along with German retailers such as Kaufland and Lidl, were the most active buyers of land in the Bucharest-Ilfov area during 2020, according to the Bucharest Land Marketbeat report by real estate consulting company Cushman & Wakefield Echinox.

JLL expands its services on the Romanian industrial property market

JLL Romania consolidates its industrial team by recruiting Ciprian Sîrbu in order to provide Supply Chain services on the local market. The move comes in the context in which, at the beginning of this year, the real estate consulting company JLL concluded, worldwide, an alliance with Mibach Consulting for the provision of strategic consulting services in the industrial segment.

The investment market increased by 37% last year, but may see a dip in 2021 as some uncertainties remain on the horizon

The “year of the pandemic'' turned out to be one of the peaks of the current economic cycle in terms of investments in commercial real estate assets, with a growth of 37% over 2019, to almost 900 million euro. 2021 may see a dip, as some buyers may remain on the sidelines amid a lack of clarity about the future revenue stream, according to the 2021 annual report released by Colliers.

Alexandru Cristea, appointed CEE Managing Partner of ONLINE REAL ASSETS

ONLINE REAL ASSETS - The Proptech real estate expert announced today that it has appointed Alexandru Cristea the CEE Managing Partner.

XXXLutz rented 6,000 sqm in the WDP Dragomireşti logistics park

XXXLutz has rented 6.000 sqm in WDP’s A-class warehouse in Dragomiresti, North-West of Bucharest’s RingRoad, space that will optimise the supply of its stores XXXLutz Militari and Pallady, transaction brokered by Dunwell.

Elko Romania to lease 1,800 sqm of warehouse fwithin CTPark Bucharest

ELKO Romania, part of the international group Elko, has relocated its activity in CTPark Bucharest, where they leased an warehouse of 1,800 sqm.

The 3 best practices for keeping your property data in good shape

Since property asset managers deal with several types of property data and data entries on a regular basis, compromised data quality – whether it’s obsolete, incomplete, inaccurate, or contains errors – is a common issue.

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