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Articles

AFI plans to expand the offices near AFI Cotroceni mall with 30,000 sqm

AFI Europe, the owner of the AFI Palace Cotroceni mall, is considering adding 30,000 sqm of offices as an extension to the mall, according to Ziarul Financiar.

The mixed-use project Iulius Town Timisoara was inaugurated, total investment worth 442 million euros

The companies Iulius and Atterbury Europe inaugurated, in Timisoara, the mixed-use project Iulius Town, the largest investment in the region, totaling 442 million euros.

CBRE Romania recruits Gijs Klomp as Head of Investment Properties

CBRE expanded its Romanian management team by recruiting Gijs Klomp, as Head of Investment Properties for CBRE Romania. Gijs has over 17 years of experience in real estate and was involved in investment transactions worth more than EUR 2.00 billion.

Investor Michael Topolinski to develop a mixed-use project on the site of the former Dacia Textile factory

A company managed by Michael Topolinski recently concluded a new sale-purchase contract for the 5.2 hectares land of the former Dacia Textile factory at a price of almost 18 million euros, over ten years from the first purchase, when he paid about 40 million euros for the factory assets, according to the documents analyzed by Profit.ro.

2019 will be a record year in terms of new deliveries in Bucharest

The real estate development activity could double in 2019 compared to 2018, if all the projects scheduled for this year will be completed, data from the JLL Bucharest City Report show.

Medium companies that offer services for corporates have rented 32% more spaces in office buildings, compared to last year

In the first half of 2019, SMEs, companies with up to 250 employees, rented, pre-rented and extended office space contracts for a cumulative area of 86,870 sqm, 10% more than in the same period of 2018.

Romania remains an outlier in the CEE region in H1 2019

The Romanian real estate market recorded good results in the first half of 2019, with activity on office and investment segments getting more dynamic than that of some CEE peers. With the full year GDP expansion figure likely to top 4%, Romania also remains an outlier in terms of economic performance when compared to other CEE economies.

Timpuri Noi Square reaches 90% occupancy rate and is preparing for further development

Timpuri Noi Square, Vastint Romania’s first project, reaches an occupancy rate of 90% within the 3 buildings situated in Bucharest, leasing more than 47.000 m², and welcomes since last year tenants like Bolt (formerly Taxify), Allergan, Exiger and Streamwide, developing a community of more than 3.000 employees.

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