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Office Market News

Nepi and Rockcastle could merge, market talks

Market talk is that Romanian shopping centre and office owner New Europe Property Investments (Nepi) will consider merging with Polish-focused Rockcastle Global Real Estate, with the resultant entity set to become an eastern European real-estate powerhouse.

A new wave of office requests up to 2,000 sq.m in Bucharest

The expansion of the small and medium companies in the IT&C field, together with the strong growth of the available offices in Orhideea will attract new request from SMEs, which are giving up to villa offices and choose specialized buildings.

Entrepreneur Avi Shloush develops office project in downtown Bucharest

Israeli businessman is developing a mixed (retail and offices) project, near Mercure hotel in Romana Sq. area in Bucharest. According to data on the site, the construction will include two buildings – a new one and an historical building nearby which is changing destination. The entire project will be named Enescu Offices.

Impact to invest EUR 44 mln in expanding northern Bucharest Greenfield residential project

Romanian real estate company Impact Developer & Contractor will invest EUR 44 million in the third development phase of Greenfield, its residential project in northern Bucharest, the company announced this Thursday. The investment will go into 888 new apartments and the related infrastructure.

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.

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