Immofinanz properties in Romania have a value of 807.7 million euros, 19% of the Austrian company's total portfolio, and in the first half of the financial year 2018 rental income totaled 23.6 million euros, or 19.8% of the group's revenues, shows the company's financial report.
The vacancy rate on the office space segment in Bucharest in the first half of 2018 reached a historic minimum for the past 9 years, standing at 8%, and the modern office space stock in the capital reached 2.79 million square feet.
According to a recent top published by the Bucharest Real Estate Club, an important place in the office transactions top is occupied this quarter by the newcomers in the co-working segment, as two new international groups entered the local market: Mindspace and Spaces.
Connect 44, a telecommunication engineering company, and Best Chef, the catering service brand for the Bucharest office segment, leased a total area of approximately 2,300 sqm within the first AFI Tech Park office building in Bucharest, a new project by Israeli developer AFI Europe.
Real estate developers have announced for the year 2019 projects for office buildings totaling approximately 380,000 sqm and for 2020 about 242,000 sqm, given that this year the deliveries of such spaces will increase by 55% compared to last year, according to a analyzes conducted by ESOP Consulting l CORFAC International.
Romania-Insider.com, the most read English – language online publication dedicated to Romania, will reward the Fair Play Real Estate Project of the Year during the Romania Insider Awards, for which nominations can be made online here, until August 31, 2018.
Eligible real estate projects completed or sold in 2017 or 2018, both offices and residential, commercial, industrial or mixed, are eligible for this award category. Developers, owners or their agencies can apply with greenfield projects, renovations and reconversions. The selection and judging criteria will focus on the proven commercial success of the project either through sale or rental / tenants, innovation in design and construction, green building principles, quality of space and respect for community and neighborhood.
Romania Insider Awards will reward game changers who do business ethically, promote sustainable and correct models, inspire, innovate and contribute to Romania’s promotion abroad.
The selection process is transparent and ethical. In their mission to discover those who build #PositiveRomania, the organizers were joined by 21 top managers from big companies and business organizations in Romania. They are part of the Jury and the Board of Advisors, which will filter out nominations in a two-step voting process.
Winners in the 8 categories will be awarded during the Romania Insider Awards Gala on October 16, 2018, at the InterContinental Hotel in Bucharest.
Save your seat for the Awards Gala! Europa Property readers get 10% off on tickets using the code: EP10.
Nominations are open until end-August 2018 online for the following categories: Best Innovation Award, Best Start-up Award, Employer of the Year Award, Fair-Play Real Estate Project Award, Most Scalable Social Responsibility Project Award, Best Promotion for Romania Abroad Award, Best Rural Development Project Award.
For the first time during an awards event, young employees under 30 will have the opportunity to nominate and vote projects, companies and people they think are valuable to the Romania society. They will do so for the Young Generation’s Award for Contribution to Romanian Society.
“Now more than ever, we need positive models. There are many companies, projects and people who play by the rule, change things for the better, innovate, get involved in the society. We can all draw inspiration from them. We will spread the word about them in Romania and throughout the world via our readers. I believe these prizes, and especially the one given by the young generation, will show us the right path for the society ,” said Corina Chirileasa, Founder of Romania-Insider.com and Managing Partner of City Compass Media, the event organizers.
Jury & Board of Advisors
The Romania Insider Awards Jury, 2018 edition, is made of 7 members: Sebastien Delen – General Manager, Ubisoft; Manuela Banu – CEO, Orkla Foods România; Richard Sentkar – Manager Romania, BNP Paribas Group; Aurelia Luca – Managing Director, Skanska Romania; Robert Maxim – Founding Partner, Ensight Management Consulting; Ioana Enache – General Manager, Amway Romania, Bulgaria & Grecia; Gustavo Navarro – Managing Director, CRH Romania
The Board of Advisors is made of 14 members representing the most important chambers of commerce and business organizations in Romania: Anca Harasim – Executive Director, American Chamber of Commerce in Romania (AmCham); Adriana Record – Executive Director, French Chamber of Commerce in Romania (CCIFER); Charlie Crocker – Chief Executive, British Romanian Chamber of Commerce in Romania (BRCC); Sebastien Metz – General Director, Romanian-German Chamber of Commerce (AHK); Maurits Dohmen – Executive Director, Netherlands Romanian Chamber of Commerce (NRCC); Walter Friedl – President, Austrian Business Club; Sotiris Chatzidakis – Founder & Executive Vice – President, CEO Clubs & Next Gen; Osnat Peled – President, Business Women Forum Romania (BWFR); Claudiu Vrinceanu - Founder, Start-Up Bridge & VP Connections; Razvan Pascu - Entrepreneur & Marketing Consultant; Alain Schotds - Executive Director, Belgian Romanian Chamber of Commerce; Corina Chirileasa – Founder & Shareholder of Romania-Insider.com & Managing Partner of City Compass Media; Sandra Jitianu – Project Manager, Romania Insider Awards; Volker Moser – Business Developer & Shareholder of Romania-Insider.com & Co-founder City Compass Group; Andrei Chirileasa, Editor-in-Chief & Partner, Romania-Insider.com.
The nomination & selection policy can be read here.
Confirmed partners
Main Partner – CRH Romania;
Award Sponsors – Banca Transilvania, CRH Romania, Up Romania, Bayer Romania.
Platinum Partners - Cegeka, Bitcoin Romania.
Gold Partners – Grecu & Asociații, Alesonor, Bucuresti Mall; Lea Groupe.
Partners – InterContinental Hotel, TELUS International Europe, DSBU Deutsche Schule Bukarest.
Supporters – American Chamber of Commerce in Romania (AmCham), Austrian Business Club, British Romanian Chamber of Commerce in Romania BRCC, CEO Clubs & Next Gen, French Chamber of Commerce in Romania (CCIFER), Romanian-German Chamber of Commerce (AHK), Netherlands Romanian Chamber of Commerce (NRCC), Begian Romanian Chamber of Commerce (BEROBA), Business Women Forum Romania (BWFR), SmartDreamers, Nomenius, REC, Entrepreneurship
Academy, Maastricht School of Management Romania, Romania Business Leaders, Start-up Bridge, PQB Communication Designers, Travel Communication Romania.
Confirmed media partners: Wall-Street, IQads, Birouinfo.ro, EuropaProperty.com, Le Petit Journal de Bucarest, Stiinta si Tehnica, CSR Romania, Innovation Labs, Romania Pozitiva.
For more info about the event, check Romania-Insider.com/Awards or email [email protected].
Launched in 2010, Romania-Insider.com is the most read English – language online publication dedicated to Romania, with over 260,000 unique readers a month, Romanians and foreigners from all over the world. The website is read by business people, entrepreneurs, multinational managers in Romania and the region, journalists from renowned international publications, investment funds, ratings agencies, European institutions, among other.
Contact: Irina Chirileasa, Media & Marketing Executive, [email protected]
PPF Real Estate Holding, controlled by Czech billionaire Petr Kellner, is in negotiation for the purchase of the Crystal Tower office building, according to sources o the market, in a deal valued at about 40 million euros.
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