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JLL Romania: A new real estate cycle is beginning

After Romania experienced the end of a 10-year real estate cycle last year, a new one is about to start, thinks Attila Peli, the head of development & land at JLL Romania.

Vodafone and Huawei to occupy almost 40% of Bucharest One office tower

The investment fund Globalworth, controlled by the businessman Ioannis Papalekas, announced the rental of 37.5% of the office tower to be built on Barbu Vacarescu St. in Bucharest, a space of 16,000 sq. m being signed for 10 years by Vodafone, while Huawei rented 2,500 sq. m for 5 years.

2014, the year of the developers’ comeback, says Colliers International Romania

The Romanian land market is steadily growing in activity, fueled on one hand by the development of new large scale projects and ‘potentially last minute discounted land plots available’, on the other hand, according to a recent market report published by Colliers International Romania.

Mega Image founders own 5 ha commercial spaces in Bucharest

The Malideros family, the new owner of Osho restaurant and the founder of the Mega Image supermarket chain owns 50,000 sq. m commercial spaces in Bucharest, being one of the biggest owners.

Colliers: Residential developers restarted to look for lands in Bucharest

Residential developers restarted again to look for lands in Bucharest and its surroundings for the construction of residential complexes, on the background of a market giving signs of revival and prices decreased significantly in the last five years, said Sîn­ziana Oprea, senior associate within real estate consultant Colliers.

Buildings of Millions Euros: Immofinanz Revenues Are Growing

Immofinanz registered in the first nine months of the fiscal year 2013/2014 EUR 36.2 million revenues from renting the 17 projects in Romania, with a slight growth. The occupancy rate of the office buildings decreased in the analyzed period, while the vacancy rate of the malls has decreased.

Pro TV to leave Pache Protopopescu tower by April 1st

Pro TV will relocate from the tower building in Pache Protopopescu St. in Bucharest, the headquarters of the TV station since its beginning, over 20 years ago.

AEW Europe acquires an office building on behalf of ERAFP

AEW Europe acquired the L’Open building located at Issy-les-Moulineaux in the South-Western suburbs of Paris on behalf of the French Public Service Additional Pension Scheme (ERAFP).

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