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Office Market News

CBRE acquires Impact-Corti

CBRE Group, Inc. a leading global commercial real estate services and investment firm, today announced the acquisition of IMPACT-CORTI a.s., a firm specialising in property management in the Czech Republic and Slovakia.

7.3% growth for CA Immo income in Romania

CA Immo, one of the biggest office owners in Bucharest and the owner of the biggest logistic park near Bucharest realized EUR 30.6 million local revenues from rents, with a 7.3% growth from 2011, according to the company’s financial report.

European office rents decreasing

The Jones Lang LaSalle European Office Index which tracks the performance of prime office rents across the region has decreased for the fourth consecutive quarter, recording a fall of 0.6% over Q4 2012. It now stands 1.5% lower than a year ago.

Bog’Art, nominee for the CEE constructor of the Year

Bucharest based constructor Bog’Art, controlled by the businessman Raul Doicescu, was nominated for the section “Constructor of the Year” in the competition Central and Eastern European Real Estate Quality Awards organized in partnership with the British business newspaper Financial Times.

DTZ last three months were 10% more efficient than same period in 2012

Real estate advisor, DTZ Echinox has intermediated in the last three months office rent transaction for approx. 10,000 sqm.

Expected Purchasing Activity in Europe real estate 2013

Total investment turnover in European real estate markets in 2012 was 6% higher than in 2011, largely due to the strength of activity in the final quarter in non-UK markets and according to a survey the investors intentions are to grow the figures for 2013.

Germany, London and the office projects are Europe property investors’ favorites in 2013

Over 360 investors took part in the CBRE 2013 online survey of European Investor Intentions, drawn from across the property investment community.

Lafarge to move its offices in CDG Plaza

French group Lafarge relocates for the second time in the last eight years.

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Alexandra Filip

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