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Office Market News

Deloitte launches SmarTax app which automates companies’ corporate income tax compliance process

Deloitte Romania launches SmarTax application, a digital tool that allows companies to calculate and prepare the quarterly and annual corporate income tax (CIT) computation based on accounting documents available on any fixed or mobile device connected to the internet, thus digitizing their compliance process with corporate income tax reporting requirements. The application incorporates the entire fiscal legislation in force, while also remaining flexible to adjust to any future changes in the corporate tax area.

Real estate investments totaled EUR 395 mln. in H1

Romania's investment volume accounted for approx. EUR 395 mln. in the first six months of 2020, a value 17% higher  than the same period of the previous year, according to CBRE, leader in the real estate consultancy market. Office buildings were the properties most sought after by investors, accounting for 88% of the volume traded and other similar projects are available for sale, totaling over EUR 350 mln.

NEPI Rockcastle sold to AFI Europe its office portfolio in Romania for EUR 307 million

NEPI Rockcastle confirms the disposal of its Romanian office portfolio through a transaction signed with AFI Europe for EUR 307 million.

Important aspects in the digitized facilities management in a world transformed by the COVID-19 pandemic

The COVID-19 pandemic acted as a catalyst for change and reiterated the need to pay attention to how facilities are managed. From owned or rented offices, warehouses, retail stores, or production locations, all types of facilities will require increased attention and tailored plans for proper operation in the new context.

The real estate market, opportune in any crisis

The real estate industry is one of the most important in the global economy, covering essential needs such as housing, offices, land or storage space. The real estate market reacts among the first when there are factors that trigger either booms or crises.

Central Europe CFOs reach pessimism peak amid uncertainty caused by the COVID-19 pandemic

Central Europe chief financial officers have reached a pessimism peak as their confidence about the economic outlook and the wider business environment continues to fall amid the uncertainty caused by the COVID-19 pandemic, according to the latest Deloitte CE CFO Survey, conducted on more than 300 leading finance professionals in six countries - the Czech Republic, Estonia, Latvia, Lithuania, Poland and Romania.

Altex sign office contract renewal in Global City Business Park

Altex has signed the renewal of its lease agreement for the premises occupied in Global City Business Park, transaction brokered by Crosspoint Real Estate

The Romanian investment market grew in the first half of the year

The first half of the “pandemic year” closed with a total value of investment transactions worth 408 million euro in Romania, around 18% above the first semester of 2019, with office assets accounting nearly 86% of volumes, according to Colliers International’s market report for the first semester of 2020.

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