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Office Market News

iO Partners welcomes Charles Boudet as CEO

iO Partners announces the appointment of Charles Boudet, an industry veteran with diversified expertise, as CEO.

Land market remains robust in Romania, ending 2023 on a strong note

The volume of land sales for commercial real estate projects in Romania (excluding for industrial and logistics projects) declined by less than 10% from the 2022 level of 450 million euro, and remains considerably above pre-pandemic levels, according to Colliers estimates.

Macroeconomic uncertainty, consumption contraction and interest rates are the main concerns for real estate investors

Macroeconomic uncertainty, consumption contraction, interest rates and also inflation are the main factors which may impact the Romanian real estate market, according to the real estate investors and developers who responded to the second edition of the Cushman & Wakefield Echinox “Real Estate Investors Sentiment Barometer”.

128 buildings in Romania BREEAM or LEED certified in 2023

A total of 128 buildings in Romania were BREEAM (Building Research Establishment Environmental Assessment Method) or LEED ( Leadership in Energy and Environmental Design) certified in 2023, 17% less than the record year of 2022

Vel Pitar SA leases 1,160 sqm office space in Vastint Romania’s Business Garden Bucharest

Vastint Romania is proud to have a new tenant for its office project, Business Garden Bucharest: Vel Pitar SA. The company, a member of the BIMBO GROUP, a world leader in bakery, will take up an area of 1,160 sqm, more precisely one floor in building B.

Edelstein to invest 60 million euro in Diamond project in Cluj-Napoca

Edelstein Group has started the development of a new residential complex in Cluj-Napoca that will be completed in three phases following an investment of €60 million.

2023 was a good year for local real estate, with a strong industrial market and lower investment activity

Romania’s real estate market prepares to end a “decent” year, with intense activity in the industrial sector, but also with a decline in economic dynamic and a significant decrease in investment market activity, as Colliers consultants predicted at the beginning of the year, in their report “Top 10 predictions 2023”.

Raluca Stanislav is the new Head of Business Development at Cushman & Wakefield Echinox

Cushman & Wakefield Echinox consolidates its team by recruiting Raluca Stanislav as Head of Business Development

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Alexandra Filip

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