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Office Market News

Romanian companies’ gross profit up by 42 pct to RON 49.9 bln in 2015

Companies registered a gross profit of RON 49.9 billion in 2015, a growth of 42.8 percent compared with 2015, says a release of the National Institute of Statistics (INS).

AFI Europe’s Net Operating Income of Romanian portfolio up to over EUR 34 mln in 9 months

AFI Europe Romania published its Q3 and first nine months of 2016 financial results, generating a Net Operating Income (NOI) from its income producing assets in Romania of EUR 12 million in Q3 and more than EUR 34 million during the first 9 months of the year, representing 17 percent for Q3 and 14 percent for 9 months higher results compared to the same periods in 2015.

Eight office towers of more than 12 floors in construction in Bucharest

Eight office towers, in five different projects, are in several construction phases in Bucharest and will bring their owners revenues from rents of more than EUR 33 million, according to Capital calculations.

Competition body authorizes take over by Immofinanz AG of office rental companies

The Competition Council has authorized the takeover by Immofinanz AG of several home rental companies. According to the regulatory body, the move does not infringe competition laws on the Romanian market and does not lead to the creation or consolidation of a dominant position.

Skanska gets ready to kick off work at Campus 6 office project in Bucharest

Swedish group Skanska is waiting for the building permit to start work on the first office building of the Campus 6 office project, located near the Bucharest Polytechnic University, reports local Economica.net.

Global Finance sold former Automatica factory plot, on Bucharest’s Calea Floreasca

Investment fund Global Finance, through its real estate division, sold the land of the former Automatica factory situated on Calea Floreasca in Bucharest to the French group Auchan and One United, a company specialized in luxury residential projects and to a company specialized in offices, according to sources in the market.

Romania posts highest economic growth from EU on nine months, says government

Romania has this year the highest economic growth from the European Union, of 5.2 percent of GDP in the first semester and 4.9 percent of GDP in the first nine months, says the government.

A quarter of Bucharest’s office market is owned by five developers

The largest five office buildings owners in Bucharest have developed more than 630,000 sqm offices, but their investments continue. They are controlling together, according to ZF calculations, a quarter of the office market in Bucharest.

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