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Office Market News

Warsaw office market view in BNP Paribas Real Estate report - European Office Market 2013

Analysis of the Warsaw office market prepared by BNP Paribas Real Estate supports experts’ assumptions – 2013 will be a record year when it comes to the amount of delivered new office space. Furthermore, the European Office Market Report shows that the increasing number of constructed office buildings and vacancies in the capital impacts the decrease in rent rates.

Sorin Preda renovates an historic building near Bucharest University

An historic building with an area over 3,000 sqm, situated in the centre of Bucharest, near Universitatii Sq., has recently entered a large rehabilitation process, including reconsolidation.

No buyer showed at the auction for the selling of 35% of Marriott

There was no investor to buy the tender book in order to participate at the auction held on Monday, for the package of 35% owned by ONT Carpaţi in the company that owes Marriott hotel in Bucharest, the auction being rescheduled for today.

Major companies are finally starting to sign office deals in the most troubled of districts in the Romanian capital

Office rental deals in the Pipera-Voluntari area have been difficult in recent years, as the area‘s poor infrastructure has been turning many potential tenants away. But a recent rash of deals in the vacancy-hit districts suggest that road improvements may finally be having the desired effects.

Another BelRom mall facing insolvency, this time in Focsani

The last few years, several companies asked for the insolvency of Bel Rom Şapte, the company that developed the retail park in Focsani, owned by the Belgian company BelRom, but the Court has rejected those actions.

Impact Bucharest to reduce its capital 10 times, down to 19.7 million lei

The shareholders of Impact Developer&Contractor (IMP) have approved on Monday the diminution of the social capital from 197.8 million lei to 19.7 million lei, operation proposed by a significant shareholder, the businessman Adrian Andrici.

BetBrain Software rents 1,300 sqm in Nouveau Center

BetBrain Software, a company specialized in IT services, relocated in Nouveau Center in Lipscani area, an office building owned by the businessman Ion Tiriac, by renting a total area of 1,300 sqm.

Allianz-Ţiriac reduces its real estate portfolio to maximize investment yields

Allianz-Ţiriac plans to reduce the real estate assets in order to maximize the investment yields and to comply with the future European requests regarding the assets suitability, the first step being the intention to sell a building in Brasov for approx. EUR 9 million.

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Alexandra Filip

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