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Ilinca Păun, Colliers: Office owners will not have 7-10 years contracts with the new wave of tenants

In ten years, the office buildings will not be occupied anymore only by a company, but they will be rented hourly to the entrepreneurs needing flexibility, a situation that makes harder the financing for the development of such buildings, anticipates Ilinca Păun, managing director of Colliers International Romania.

Romania’s economy sees highest growth among EU members, says Eurostat

Romania registered a 1.4 percent increase in GDP in Q3 2015 over the previous quarter, the highest value among member states of the EU, according to Eurostat, the statistical office of the European Union.

GTC, on the brink of buying two office buildings in Bucharest’s Victoriei Square

Real estate company GTC Romania is very close to take over the office buildings Premium Plaza and Premium Point, according to sources in the real estate market, the transaction being estimated at nearly EUR 30-40 million.

Centric IT Solutions expands with 1,700 sq. m in Iași

Software solutions provider Centric IT Solutions rented 1,700 sq. m in United Business Center Palas office park in Iași, reaching a total area of 4,000 sq. m.

NEPI signs agreement with CBRE to rent City Business Centre in Timișoara

NEPI (New Europe Property Investments plc.) announced the signing of a strategic partnership with CBRE for its City Business Centre project leasing.

EUR 10 million capital increase for the company owning Sky Tower building in Bucharest

The company Raiffeisen Property International has increased with EUR 10 million the capital of the company holding the office tower Sky Tower in Bucharest, a project completed in 2012, with main tenants such as Oracle, Raiffeisen Bank, Tinmar Ind or PeliFilip.

Real estate investment exceeding EUR 800 million to be delivered next year in Romania

Real estate investment exceeding EUR 800 million will be delivered next year in Romania, mainly in Bucharest, with the office market in the top of the developers’ preferences, which will lead to pressure on office rents.

Liebrecht & wooD operates change in senior management team in Romania

Liebrecht & wooD has appointed Sorin Ioan Blaga as the new general manager for the Romanian branch, the company announces.

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