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Office Market News

Adrian Karczewicz, Skanska: Office spaces yield in Bucharest reaches 7.5 pct.

Commercial real estate markets in Romania and Hungary register new capital flux, following an important yield difference between Western and Eastern Europe, where the office spaces yield is, for example in Bucharest, at 7.5 pct.

Insolvencies down by 22.54 pct in the first seven months of 2016 in Romania

Some 5,058 companies have become insolvent in the first seven months of 2016, dropping by 22.54pct against the same period of 2015, a release by the National Trade Register Office (ONRC) informs.

There is room for one more large-scale mall in Bucharest, says Colliers International

With the opening of the 70,000 sqm ParkLake mall this Thursday and that of another shopping center, Veranda Mall (30,000 sqm) later this autumn, Bucharest will see its modern retail space stock increase to 1.16 million sqm, according to data from commercial real estate services firm Colliers International. This leaves room for one more large-scale shopping center in the capital, say company representatives.

Vastint Romania: Our team will be among the first tenants of Timpuri Noi Square project

Vastint Romania, the real estate division of Inter IKEA group estimates it will complete in 2017 the works for the first two office buildings in Bucharest’s Timpuri Noi district.

Construction permits down 10.1 pct in July, compared to the same period in 2015

The number of construction permits for residential buildings issued in July 2016 dropped 10.1 percent compared to the same period in 2015, and by 4.1 percent compared to June 2016, the Romanian National Institute of Statistics (INS) announced in a press release sent to Agerpres on Monday.

ParkLake shopping mall in Bucharest opens in September

ParkLake, Bucharest’s newest shopping mall, will open on September 1. The project’s initial opening was scheduled before May 1, but it had to be postponed as the work was not ready.

High number of insolvencies caps 2011- 2015 economic growth at 3 pct

Over 5,000 local companies became insolvent in the first seven months of the year, down 22.5% compared to the same period in 2015.

Regina Maria opens medical campus in Targu Mures following EUR 1.7 mln investment

The private healthcare network Regina Maria continues its expansion by opening the first medical campus from Targu Mures, following an investment worth EUR 1.7 million. The campus is placed in the north-eastern part of the city, close to the Medical and Pharmacy University of the Emergency Clinical Hospital of Targu Mures.

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