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Office Market News

Autoliv Romania rents around 5,100 sqm in Timisoara

Iulius Group has announced a newly signed partnership with Autoliv Romania, subsidiary of Autoliv, Swedish manufacturer of automotive safety systems, regarding the leasing of approx. 5,100 sqm in the United Business Center 2 (UBC 2) class A office building within the Openville Timisoara mixed use ensemble, according to a company press release.

Real estate transactions value in Romania registered 30 pct. growth in the first quarter, up to EUR 180 million

Real estate transactions value in Romania in the first quarter reached EUR 180 million, with more than a half, EUR 96 million, represented by office projects sales in Bucharest, shows a study of JLL.

IMMOFINANZ with significant increase in office portfolio occupancy: plus seven percentage points to 82%

IMMOFINANZ raised the occupancy level in its office standing investments by roughly seven percentage points to nearly 82% by the end of the 2015/16 financial year (as of 30 April 2016). Rentals in the office segment totalled approx. 388,000 sqm, or 29% of the total area, according to preliminary numbers.

Immofinanz signs new leases for nearly 20,000 sq. m offices and extends contracts for 18,000 sq. m in Romania

IMMOFINANZ, one of the most important office building owners in Bucharest, announces numerous new partnerships and extensions of agreements with tenants in the local office sector, accounting for a total of over 37,000 sqm. The company has attracted new tenants for 19,200 sqm and has prolonged and extended existing contracts for over 18,000 sqm in seven of its class A office properties in Bucharest.

BRD requests insolvency of EMCT România SRL

BRD Groupe Societe Generale is asking for EMCT România SRL’s insolvency, the developer of real estate projects in Romania such as Sun Plaza and the first hypermarket in the country.

CTP abandoned the acquisition of Swan Office project in Bucharest

Logistics spaces developer CTP has abandoned the acquisition of the office project Swan Office Park. The company that built the project entered insolvency in 2013.

Real estate and manufacturing, first on investors’ radar in 2015 in Romania

Manufacturing, real estate, banking and IT sectors were last year the stars of the mergers and acquisitions market in Romania, with more than half of the total registered transactions in 2015.

Number of dissolved companies up 93% in Romania in Q1

The number of companies that suspended operations in the first quarter of this year rose by 43% compared to the same period in 2016.

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