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Office Market News

Battle for Bucharest’s headquarters of the EU Funds Ministry between two office owners

Greek businessman Ioannis Papalekas, which is currently hosting the headquarters of the EU Funds Ministry in Romania and the real estate developer Ion Rădulea, who controls Sema Parc, developed on the former platform of Semănătoarea factory on Splaiul Independenței in Bucharest are the only office owners which proposed to the ministry a space for rent.

Romania posts lowest annual inflation in EU in May

Romania, registering an annual inflation of -3 percent in May, was among sixteen member states to post a negative inflation, according to data released by Eurostat, the statistical office of the European Union.

Romania is most attractive CEE market for office space investments, experts say

Romania is the most attractive market among Central and Eastern Europe (CEE) countries for investments in office spaces, real estate expert Mihai Paduroiu stated at Realty 2016 – Romanian Real Estate Market Forum.

Founders of Capital Partners bought a plot of EUR 6 million in Bucharest from Forte Partners

One United Properties, a company controlled by Andrei Diaconescu and Victor Căpitanu, two of the founders of Capital Partners (currently BT Capital Partners), bought from Forte Partners a plot of 8,200 sq. m situated on Barbu Văcărescu St., across the road from Verdi Park in Bucharest.

Romanian companies becoming insolvent are larger, though fewer, says CITR

Agriculture and animal husbandry, industry (production) and real estate are the main fields affected by insolvency in the first half of 2016, according to an analysis by Casa de Insolventa Transilvania (CITR) on companies of impact in the economy (companies with fixed assets exceeding EUR 1 million).

Largest three real estate players in Romania have assets of one billion Euros each

Three companies on the real estate market in Romania reached last year portfolios exceeding EUR 1 billion each, values including both the properties which are currently generating revenues as well as the projects in development, the companies are ready to invest in.

Construction work goes up 12% in Romania in April

The volume of construction work increased in April by 12.6% compared to the same month last year, according to the National Statistics Institute (INS).

Bucharest City Hall might return to old HQ by October, says mayor Firea

Bucharest City Hall might return to its old headquarters at Blvd. Regina Elisabeta No. 47, currently undergoing consolidation work. Upon visiting the site, newly-elected mayor Gabriela Firea stated the move could be completed by October.

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