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Office Market News

Hourly costs for labor force increased by 3.19 pct in Q4 2013

The hourly cost for labor force increased in the last quarter of 2013 with 0.07 percent compared to the previous quarter and 3.19 percent compared to last year, according to preliminary data released by the National Institute of Statistics.

Fitch affirms Romania At BBB-, with stable outlook

Fitch Ratings Friday affirmed Romania’s long-term foreign and local currency ratings at ‘BBB-’ and ‘BBB’, respectively, citing the country’s strong economic growth and its resilience to recent external imbalances.

Candy Crush Developers Signed Lease for Opera Center Building in Bucharest

King, the smartphone and tablet games developer has rented an office space of 1,700 sq. m in Opera Center, where the Bucharest creative studio will work.

DTZ Echinox: A Class Offices Occupation Costs in Cluj, Iasi, Timisoara and Brasov up to 25 percent lower than in Bucharest

DTZ Echinox published Regional Cities - Office Market Overview, a research about the office market in main Romanian regional cities: Cluj, Iasi, Timisoara and Brasov.

Shimon Galon left GTC after 15 years

„In two-three weeks I will launch my own business. I have no regrets. There are not many people in the real estate market with my accomplishments.“

Jones Lang LaSalle becomes JLL

Jones Lang LaSalle Romania is now JLL Romania after the global real estate giant has decided to change its name and logo.

Second closing for AEW Europe's LOGISTIS Fund

AEW Europe today announced that it has raised an additional €85 million in equity from both existing and new investors for the LOGISTIS Fund taking the total equity in the fund to €600 million. This equity raising is part of the LOGISTIS’s strategy of growing the Fund’s portfolio with a target to invest in new logistics assets in Germany and Benelux.

Real estate deals went up 8 pct in January

The number of real estate deals in Romania increased 8.2 percent on the year in January, to 59,701, the national cadastre agency ANCPI announced on Tuesday.

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Adina Camara

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