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Bucharest office supply to reach record level in 2016, says DTZ Echinox

The Bucharest office supply is expected to reach the highest level registered since 2009 this year, a study by DTZ Echinox shows. With 325,000 sqm of office spaces projected for finish this year, values will be increased fourfold over last year’s deliveries.

Survey: Real estate brokers in Romania fear new law on mortgage loans

Over 40% of the real estate brokers believe that housing prices will fall by more than 20% if the new law on mortgage loans enters into force. About 45% think that rental rates will increase by 10-20%.

Forte Partners starts The Bridge office project in Bucharest

Forte Partners announces the beginning of the construction works for the real estate project The Bridge in the area of Basarab bridge in Bucharest, the investment for the first phase of the office project reaching EUR 60 million.

Veranda shopping center signs EUR 25.5 million financing deal

The Veranda shopping center, in the Obor area of Bucharest, signed a EUR 25.5 million financing deal with Raiffeisen Bank SA and Raiffeisen Bank International AG for the development of the project in the next period of time, according to a company press release.

Romania’s M&A market surpassed EUR 3 bln in 2015, says PwC

The total value of dealmaking in Romania has exceeded EUR 3 billion, growing by 160 percent against 2014, according to an analysis by professional services firm PwC.

Ţiriac didn’t start yet its new EUR 30 million office building in downtown Bucharest

Ţiriac Imobiliare, the real estate division of the businessman Ion Ţiriac, which has in plan nearly EUR 30 million investment in an office building on Buzesti St., near Victoriei Sq. in Bucharest, is still in the prospecting phase of the project, no actual date for starting works being revealed.

CA Immo assigns main contractor for Orhideea Towers office project in western Bucharest

Investment fund CA Immo has appointed PORR Construct as main contractor for the Orhideea Towers, a 37,000 sqm office project near the Grozavesti metro station, according to a statement by the developer.

Mega Image signed for relocation of its headquarters to Plaza Romania Offices

Mega Image’s headquarters will relocate to the new office space within Plaza Romania complex, following the signature of a lease with Anchor Grup.

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