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Office Market News

The options for offices under 1,000 sqm, nearly half of the total area of relocations

According to Esop Consulting, the office relocations on areas with less than 1,000 sqm have increased in the first quarter of 2013.

83,000 sqm industrial space transactions for 1Q 2013, 60% of 2012 total area

The area of the traded industrial space in 1Q 2013 reached 83,000 sqm, representing more than half of the last year total, but the biggest transactions was registered as renegotiation and less new rentals, according to CBRE.

Cluj office space request according to Sandor

The need for office space of the 35 biggest Cluj companies in 2014 is estimated at approx. 24,000 sqm, according to the businessman Ovidiu Sandor, which has started with NEPI the works for The Office project in the city.

IMF: Romanian economy will increase with 1.6% this year and 2 % in 2014

The International Monetary Fund estimates that Romanian economy will register a 1.6% increase in 2013 and 2% in 2014, according to the bi-report World Economic Outlook, published on Tuesday and cited Agerpres.

NEPI: EUR 500 mil. investments by 2016 and expansion in the region

South-African fund New Europe Property Investments (NEPI) will expand in Serbia, Hungary, Slovenia and Bulgaria, with acquisitions planned for next months, but the Romanian market will remain the main target, with EUR 500 million investment planed by 2016.

CBRE is no longer the exclusive agent for Sky Tower

The real estate consultant CBRE is not in charge anymore, starting 31st of March, of the renting process of the office building Sky Tower, the tallest in Bucharest, after the ending of its contract signed in the autumn last year with Raiffeisen Property, the building owner.

Skanska restructuring its residential business

Skanska is restructuring its global residential businesses into a single entity called Stream Residential Development, which will be headquartered in Stockholm.

Turkish Acibadem to open a branch in Romania

The private health services group Acibadem from Turkey will open the first branch in Romania on 17th of April. The clinics of the group are well-known in Romania, as several public figures from Show-biz and sports have used their services.

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Adina Camara

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