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Articles

Lowest Office Vacancy Rate in the Last Nine Years Registered in Bucharest This Quarter

The vacancy rate of the office buildings in Bucharest reached the lowest level in the last nine years, of 9.5 pct., according to CBRE study.

Transactions Record Volume in 2016 for Bucharest Land Market

Land market in Bucharest has reached in 2016 a new record in volume, as plots were transacted with a total area of 110 hectares, 144 pct. increase compared to 2015 and 3.5 pct. higher than the precedent record year for the market, 2007, when 106 hectares were sold.

2017, Best Year For Cluj-Napoca Office Market – 44,000 Square Metres New Offices

Real estate developers will complete this year more than 44,000 square metres of offices in Cluj-Napoca, 300 pct more compared to the previous year. 2017 will also be the best year for the regional office market, according to Coldwell Banker Transilvania.

Sky Tower Has a New Restaurant, Situated At 136 Metres, Highest in Romania

Sky Tower, the tallest office building in Romania, owned by Raiffeisen group, has a new tenant, the restaurant NOR – Sky Casual Restaurant.

Hili Properties, Owner of McDonald’s in Romania Bought Art Business Center Office Building in Bucharest with EUR 30 Million

Real estate company Hili Properties, owner of local McDonald’s restaurants, bought from FBC Exclusiv Company the office building ART Business Center in Bucharest, Herăstrău area, for more than EUR 30 million.

Romania Could Face a Severe Crisis of Qualified Personnel

The Romanian economy is heading towards an acute crisis on the workforce market, as the number of employees and the degree of skilled workforce has decreased in the last years.

Transilvania Construcții Relocated its Headquarters in Novis Plaza, Cluj

Real estate developer Transilvania Construcții took the decision to relocate its headquarters from its Transilvania Logistics Park to its new office project within Tetarom I industrial park, the Novis Plaza office building.

IBM signs 18,000 M2 Lease Agreement with Forte Partners in The Bridge Office Project in Bucharest

Forte Partners, one of the most active real estate developers on Bucharest office market, has signed with IBM for the company’s new offices on 18,000 square metres within the first building of The Bridge project, according to Ziarul Financiar.

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