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Office Market News

Romania remains fastest-growing economy in EU despite slowdown

Romania recorded an economic growth of 4.6% (adjusted for seasonality) in the third quarter of this year compared with the same period in 2015. It was the highest growth rate in the European Union, according to an estimate released yesterday by the EU’s statistical office Eurostat.

Waters Romania expands it offices in Coresi Business Park Brașov

Software company Waters Romania plans to hire more than 100 new employees in Brasov, expanding its offices within Coresi Business Park to 3,500 sqm.

Over 110,000 sqm of commercial space to be delivered in Romania next year

Romania will see about 110,000-180,000 sqm worth of new commercial space delivered next year, according to estimates by real estate consultancy firms. The most conservative estimate belongs to Jones Lang LaSalle (JLL).

South Africa's Growthpoint to buy 26.9% of Globalworth Real Estate Investments

South Africa-listed real estate investment trust (REIT) Growthpoint Properties said on Thursday it will subscribe for an initial 26.9% stake in London Stock Exchange-listed Globalworth Real Estate Investment Limited, a real estate investment company targeting opportunities in Romania, following a 186.4 million euro ($197.5 million) investment.

Net investments in Romania are up by 4.1 pct in first 9 months

Net investments in the Romanian economy increased by 4.1 percent to RON 46.58 billion (approximately EUR 10.35 billion) in the first nine months of this year y-o-y, according to data from the National Institute of Statistics (INS).

AFI Europe plans to fully sell AFI Park office complex in Bucharest

Africa Israel Investments, the company controlled by Israeli billionaire Lev Leviev, aims to sell simultaneously all the five office buildings developed by AFI Europe in Cotroceni area, Bucharest.

NEPI opens EUR 25 mln Shopping City Piatra-Neamt

Real estate developer New Europe Property Investment (NEPI) has opened on Thursday Shopping City Piatra-Neamt, following EUR 25 million investment.

Romanian labour cost up by 14.7 pct in Q3 compared with 2015

Labour costs went up by 14.7 pct in the third quarter of the year, in Romania, compared with the same period of 2015, with the biggest increases being registered in the education system, real estate and healthcare, according to the data published by the National Institute of Statistics (INS).

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