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Office Market News

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.

Belgian rally pilot to develop 18 stories tower office in Unirii area in Bucharest

Belgian investor Yves Weerts, 48 years, says he will invest EUR 27 million in an office tower with 18,000 sqm Unirii Sq. in Bucharest.

Foreign direct investments go up 22.7 percent, to 2 billion euros, in H1

The Foreign Direct Investments (FDI) totalled over 2 billion euros in the first half of this year, increasing 22.7 percent compared with the same period of the previous year, reads a National Bank of Romania (BNR) release sent to Agerpres on Friday.

EUR 10 million investment in office project within Tetarom park in Cluj

Transilvania Construcţii, real estate development company controlled by Timofte family, plans to complete by November the fist building of an office project within Tetarom 1 industrial park in Cluj.

Romania’s post-crisis economic growth reaches record of 6 pct in Q2

The economy grew by 5.2 percent on gross series and by 5 percent on series adjusted seasonally in the first six months of this year, said on Friday the National Institute of Statistics (INS). In the second quarter, the economic growth was 6 percent on gross series and 5.9 percent on series adjusted seasonally, compared with the same period of 2015. These growth rates haven’t been present after the economic crisis from 2008.

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