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Ovidiu Şandor, ModaTim Investment: Romania needs local entrepreneurs

Romania needs local entrepreneurs, representing the resource which could carry forward the country, considers Ovidiu Şandor, the president of the real estate development ModaTim Investment Timişoara.

Larger companies threatened by insolvency in Romania

A study by CITR shows that over 50 percent of companies of impact in the Romanian economy (having assets exceeding EUR 1 million) are in difficulty. Although the number of insolvency cases has declined in the past three years, over 50 percent of companies falling into insolvency reported a double loss and an increase in indebtedness in 2015 over 2014.

A magnificent seven for CBRE at the 11th annual SEE Real Estate Awards

EuropaProperty has successfully completed its 11th annual SEE Real Estate Awards at the Radisson BLU Hotel in Bucharest, Romania. The awards gala was a great success and was well received by all winners and their guests.

GTC bought two office buildings in Piaţa Victoriei: Premium Point and Premium Plaza

Real estate company GTC (Global Trade Centre), the developer of projects in Bucharest such as America House in Piaţa Victoriei or City Gate towers in Piaţa Presei, bought the office buildings Premium Plaza and Premium Point, according to sources close to the transaction.

Office buildings ground floor, new attraction for retailers

Office developers are beginning to integrate retail concepts in buildings’ ground floor, in order to meet the employees’ needs for shopping or recreation outside office hours, also aiming to be more attractive on a busier office market where the companies are increasingly demanding.

Stefanini opened a support center in Targu Mures on 300 sqm in Multinvest Business Center I

Stefanini Romania, local subsidiary of the Brazilian company Stefanini – one of the leading global players in the outsourcing of IT services, has opened a new support center in Targu Mures, which is the third in Romania, after those in Bucharest and Sibiu.

CBRE: Office request in Bucharest exceeded 100,000 sq. m in 1Q

Transactions in the first three months of this year have reached more than 100,000 sq. m office spaces, considering that by the end of the year the new projects will add to the market a total area of more than 400,000 sq. m.

Cotroceni- Basarab Bridge will be the most active zone in Bucharest real estate in 2017-2018

The most active zone in Bucharest regarding real estate developments in 2017-2018 will be the centre-western area, namely Cotroceni up to the Basarab Bridge, considers Horatiu Florescu, president and CEO of Knight Frank, one of the largest real estate brokers in the local market.

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