Connecting a building to the Internet to manage from security to parking systems, from ventilation to heating, has become a reality based on digital technologies.
Leading global commercial real estate services and investment management firm, Colliers International, announced the appointment of Andy Hay as its new Head of EMEA Real Estate Management Services (REMS) effective immediately.
The real estate developer CTP, the largest owner of warehouses in Romania, intends to purchase the Equest Logistic Center park, located on the western outskirts of Bucharest, from the British Equest Balkan Properties fund at a price of about 28 million, according to Profit.ro estimates.
CBRE expanded its Romanian management team by recruiting Gijs Klomp, as Head of Investment Properties for CBRE Romania. Gijs has over 17 years of experience in real estate and was involved in investment transactions worth more than EUR 2.00 billion.
According to Dunwell data, in the first half of the year, about 280,000 square meters were traded in the industrial market, of which over 125,000 square meters were closed by the real estate consultancy agencies, the difference being direct transactions of the developers. About 50% of the total transactions of the first semester were signed in Bucharest, 70% of them being concluded by the consulting agencies. Other trading areas are Timișoara and Ploiești.
The real estate development activity could double in 2019 compared to 2018, if all the projects scheduled for this year will be completed, data from the JLL Bucharest City Report show.
The Chinese investment fund CEE Equity Partners made the payment to Brise Group, one of the largest agribusiness groups in Romania, in the transaction announced in April, for the modernization and development of cereal silos of the Romanian group.
Cluj County has become an example to be followed in terms of economic and real estate development of the area. Recently, investors’ appetite has also extended to the nearby cities, within a radius of about 50 kilometers.
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