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Office Market News

Land market dominated by demand for residential and mixed projects

Romanian land market in 2016 was characterized by an increased demand from the residential and retail projects, according to a report by Colliers International.

JLL appoints Alina Cojocaru as head of valuation department

Alina Cojocaru was appointed head of valuation department at JLL Romania, starting February 15, a press release shows. She will be responsible for the extension of JLL valuation portfolio by providing medium and long term solutions for the development of this department of the company.

A new company in automotive field to open office in Timisoara, Romania

A software developer working for a German automotive manufacturer is analyzing the opportunity to open its first office in Romania in Timişoara, where it could hire 300 IT specialists, have declared for Capital magazine sources in the real estate market of the city.

Romanian investor Iulian Dascalu starts working on the tallest building in Romania

Romanian real estate developer Iulius group, controlled by local investor Iulian Dascalu, will start working on three new buildings within the Openville Timisoara mixed real estate project this spring.

Greek investor invests EUR 6 mln in Bucharest residential complex

Greek investor Evangelos Poulios, the co-owner of the fashion retailer BSB, will invest EUR 6 million this year in completing the residential complex Belize Residence (the former Cernica Residence), located in Eastern Bucharest.

Softelligence relocates HQ to Green Court Bucharest

Starting January, IT company Softelligence has moved in the C building in Green Court Bucharest developed by Skanska. The new office exceeds 700 square meters.

Atenor to sell its Hermes Business Campus project in Pipera

The transaction value could reach EUR 150 million.

Romania’s constructions sector down by 4.8 pct in 2016

The constructions sector shrank by 4.8 percent in 2016 compared with 2015, due to the decline in infrastructure works while the residential market went up significantly, according to the data published on Tuesday by the National Institute of Statistics (INS).

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