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Mobile Pet & Mobile Vet network rents space for new clinic and pharmacy in One Cotroceni Park Bucharest

The Mobile Vet and Mobile Pet veterinary clinic and pharmacy network opens its 4th clinic in Bucharets within One Cotroceni Park, following an investment of approximately €500,000, according to the Cushman & Wakefield Echinox real estate consultancy company, who brokered the leasing transaction for the space owned by One United Properties.

Cristina Lupașcu was appointed Head of Marketing at Cushman & Wakefield Echinox

Cristina joined Cushman & Wakefield Echinox in 2021 as Director PR & Research, being responsible for assisting both the PR & Marketing and Reserch departments. She has more than 20 years of experience in media and real estate.

Cushman & Wakefield Echinox registered a 15% revenue growth in 2023 in a stagnant market and now ranks 2nd among real estate consultancy companies in Romania

Cushman & Wakefield Echinox closed 2023 with a revenue of EUR 12 million, marking a 15% increase compared with the previous year. This impressive growth propelled the company to the second place among real estate consultants in Romania, in a year marked by a stagnation of this particular business segment.

Demand for office spaces surged by over 60%, with transactions up to 1,000 sq. m being the most prevalent

The office market in Bucharest has shown a sustained demand growth in Q1, both in terms of the transacted volume and of the average lease size, amid an extremely limited new supply, according to data from the Cushman & Wakefield Echinox real estate consultancy company.

Flydubai, the UAE-based airline, opens an office in Bucharest in the Eminescu Offices building

flydubai, the UAE-based airline, opens an office in Bucharest in the Eminescu Offices building through a transaction brokered by the Cushman & Wakefield Echinox real estate consultancy company.

Modern office stock in major regional cities exceeds 1 millon sqm

Developers finalized the construction of 83,000 sq. m of new office projects in the major regional cities (Cluj – Napoca, Timisoara, Iasi and Brasov) in 2023, as the modern office stock exceeded the 1 million sq. m threshold, representing around 30% of the corresponding total in Bucharest. Iasi is the only city which benefited from the delivery of office projects throughout 2023, as it overtook Timisoara and thus became the second – largest regional hub outside Bucharest, after Cluj-Napoca, according to the Cushman & Wakefield Echinox Office Market Regional Cities report.

Cushman & Wakefield Echinox now manages CPI Romania’s Expo Business Park office project in Bucharest

The Cushman & Wakefield Echinox real estate consulting company has been appointed to manage the Expo Business Park office project, one of the most representative projects in the Expozitiei area of Bucharest, starting from January 2024.

Reluctant investors in the year with the highest take-up ever

Real estate investment transactions amounting to more than €600 million are currently in advanced stages of negotiation, as the volume registered throughout 2023 could be matched in the first half of this year, according to data from the Cushman & Wakefield Echinox real estate consultancy company. Ongoing negotiations target office buildings (30% of the value above), retail projects (30%) and logistics parks (40%), with around half of the assets being located in Bucharest.
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