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Office Market News

The Advisers/Knight Frank: The interest of the companies for opening operations outside Bucharest is increasing

The Advisers/Knight Frank, the market leader for office rentals, registered a growth in office ental request in the country. The company has brokered in 1Q 2014 office rental transactions for companies such as OSF Global Services and Webhelp.

Liviu Tudor: The investors will influence Romania to develop like Poland

Liviu Tudor, the biggest Romanian owner of office spaces believes that Romania will have the same development as Poland and that new multinational companies will relocate their businesses here.

15 pct of the commercial centres in Romania will change their destination

Nearly 15 pct. of the commercial centres existing in Romania will change their destination in the following period, according to the specialists.

Skanska is looking for tenants and wants to buy more land in Bucharest

Swedish construction and development company Skanska has completed 80 percent of Green Court Bucharest’s first office building and is looking to buy more land in the capital.

The revenues of the commercial centres in Romania could grow with 3.5 pct. in 2014

The revenues of the commercial centres in Romania could register an average growth of 3.5 pct. in 2014 on the background of the increasing consuming appetite of the Romanians, said on Wednesday Robert Maxim, managing partner Ensight Management Consulting, in a specialized conference.

Lidl is building a supermarket on the former beer factory plot in Bragadiru

German retailer Lidl, which operates in Romania a network exceeding 170 supermarkets, intends to build a new store on the former beer factory plot in Bragadiru, a construction being partly demolished since last year.

AFI started the construction of buildings 4 and 5 within AFI Park office project, EUR 50 million investment

Real estate developer AFI Europe, controlled by the Israeli billionaire Lev Leviev, started few weeks ago the works at the buildings four and five of the office project AFI Park, built in the vicinity of the commercial centre AFI Palace Cotroceni in Bucharest, buildings involving an investment f approx. EUR 50 million, according to ZF estimations.

Tagor to start buying toxic real estate assets from banks in Romania

Real estate developer Tagor said on Tuesday it launched a new business segment designed to help banks get rid of distressed real estate assets in their portfolios and reduce their volume of non-performing loans.

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Adina Camara

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