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Office Market News

The Offices of the year 2014: Largest Projects to be delivered in Southern Half of Bucharest

Biggest three office projects to be delivered this year in Bucharest are situated in the Southern half of the city, avoided by present by the developers, considering that approx. 80% of the current office stock of approx. 2 million square metres is concentrated in the central and Northern Bucharest.

Economists expect Romania’s economy to grow 2 – 2.3 pc

Romania’s economic growth this year might lie somewhere between 2 and 2.3 per cent, below the 2013 level, following an agricultural output that could hardly match last year’s record high, consider banking economists interviewed by Agerpres.

Real estate acquisitions made by NEPI cover more than 60% of the total volume of the transactions

The total value of the real estate transactions reached in 2013 EUR 335 million, with 10% increase compared to last year. The acquisitions made by New Europe Property Investments (NEPI) fund represented more than two thirds of the total value of the transactions, Mediafax informs.

Scuta, JLL: Several companies decided to expand in Romania. Our expectations have been exceeded

The office market registered a visible growth in 2013 compared to 2012, which went parallel to the economic growth.

Spectacular Growth of Industrial and Logistic Facilities Transactions

The area of the industrial and logistic facilities transacted in 2013 totalized 150,000-170,000 sq. m, with a spectacular growth compared to the previous year, the production companies being the most active, has declared for Mediafax Marian Orzu, the head of the industrial department within CBRE.

Construction of 24 Floors Office Tower to start soon in Floreasca

Businessman Ioannis Papalekas, one of the most active real estate investors in Romania, has obtained all the permits for the development of an office building on the place of the former showroom Porsche Aviatiei, the beginning of the construction being scheduled for the first months of 2014.

Swan office complex, in insolvency, up for sale

The office complex Swan Office & Technology Park in Pipera-Tunari, in insolvency, was put on auction sale by its judicial administrator, for a starting price of EUER 42.7 million.

Is real estate market in recovery? Good signs for 2014

The real estate market is still in standstill, but signs of a slow recovery exist, the officials of The Insolvency House Transilvania (CITR) said.

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