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Office Market News

Voicu Oprean, AROBS: Romania is still attractive for outsourcing

The software solutions supplier AROBS Transilvania estimates for this year an increase of approximately 25% of the business against 2015, taking into consideration the contracts signed with the new clients, as well as the increase of some of the existing projects.

Former development manager of Colliers, Alexandru Cernea, employed by Momentum Consulting

The real estate consultancy company Momentum Consulting recruited the former development manager of Colliers International, Alexandru Cernea, to the position of business development director.

Study: Real estate market radically changed after economic crisis

The economic crisis brought drastic changes in the real estate market, half of apartment demands having in view apartments of up to 60,000 euros while in 2008 about 70% of buyers were interested in more properties more expensive than 100,000 euros, according to a study made by imobiliare.ro.

Shareholders of Industria Iutei rejected Bucharest plot sale to Dedeman

Shareholders of the manufacturer Industria Iutei Bucharest have rejected the proposal of sale of a 2.7 ha plot in Trafic Greu area of Bucharest to the DIY retailer Dedeman, owned by Adrian and Dragoș Pavăl.

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.

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