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Office Market News

S Immo starts construction of The Mark office project near Victoriei Sq. in Bucharest

The Austrian controlling the real estate development company S Immo started the works for the office project The Mark, situated in the proximity of Victoriei Sq. in Bucharest.

Romania registers the third annual increase of constructions works in EU this June

Romania is on the third place in EU on the constructions works growth in June compared with the same month of the last year, with an increase of 4.6 percent, being overpassed by Sweden, which registered a growth of 16.3 percent and Spain 6.9 percent, according to the European Statistics Agency (Eurostat).

Office stock outside Bucharest could reach 800,000 sqm by 2018, says DTZ Echinox

The modern office stock in the main regional cities throughout Romania went up by approximately 20 percent in 2015 y-o-y, according to a DTZ Echinox report. At the end of 2015, class A & B office space in Cluj Napoca, Timisoara, Iasi and Brasov, the main regional office markets, reached 584,000 sqm.

Real estate investment volume more than doubles in H1 in Romania, says CBRE

Real estate investment volumes increased by 107 percent in Romania in H1 2016 compared to H2 2015, totaling EUR 359 million, according to a CBRE report. This is one of the highest levels reported over the past five years, according to report.

AFI Europe Romania looking to sell three office buildings in Bucharest for EUR 92.7 mln

Real estate developer AFI Europe Romania has signed in June a letter of intent for the sale of three office buildings that it owns in Bucharest.

Construction works advance 5.3pct in H1 2016 overall

Construction works in Romania were up y-o-y in H1 2016 overall, 5.3 percent in unadjusted terms and 5 percent when adjusted for work days and seasonality, according to data released on Friday by the National Institute of Statistics.

Israeli real estate developer increases revenues in Romania

Israeli real estate developer AFI Europe recorded a net operating income of EUR 22.2 million in Romania in the first six months of the year, up 13.1% over the same period in 2015.

Romania’s office inventory reaches 2.39 million sqm

Romania had 2.39 million sqm of modern office space at the end of June, up 8% compared to the same period last year.

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Adina Camara

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