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Articles

Romania is most attractive CEE market for office space investments, experts say

Romania is the most attractive market among Central and Eastern Europe (CEE) countries for investments in office spaces, real estate expert Mihai Paduroiu stated at Realty 2016 – Romanian Real Estate Market Forum.

Founders of Capital Partners bought a plot of EUR 6 million in Bucharest from Forte Partners

One United Properties, a company controlled by Andrei Diaconescu and Victor Căpitanu, two of the founders of Capital Partners (currently BT Capital Partners), bought from Forte Partners a plot of 8,200 sq. m situated on Barbu Văcărescu St., across the road from Verdi Park in Bucharest.

Romanian companies becoming insolvent are larger, though fewer, says CITR

Agriculture and animal husbandry, industry (production) and real estate are the main fields affected by insolvency in the first half of 2016, according to an analysis by Casa de Insolventa Transilvania (CITR) on companies of impact in the economy (companies with fixed assets exceeding EUR 1 million).

Largest three real estate players in Romania have assets of one billion Euros each

Three companies on the real estate market in Romania reached last year portfolios exceeding EUR 1 billion each, values including both the properties which are currently generating revenues as well as the projects in development, the companies are ready to invest in.

Construction work goes up 12% in Romania in April

The volume of construction work increased in April by 12.6% compared to the same month last year, according to the National Statistics Institute (INS).

Bucharest City Hall might return to old HQ by October, says mayor Firea

Bucharest City Hall might return to its old headquarters at Blvd. Regina Elisabeta No. 47, currently undergoing consolidation work. Upon visiting the site, newly-elected mayor Gabriela Firea stated the move could be completed by October.

Colliers: Total value of real estate transactions could exceed half a million Euros this year in Romania

The total value of the real estate transactions could exceed half a million Euros this year in Romania, as a series of new or experienced investors are currently analyzing the business opportunities Romania offers, according to the estimations of Colliers International, one of the largest real estate consultants on the market in Romania.

AFI Europe leases 3,000 sqm to expanding Telus International offices

AFI Europe announced it has leased 3,000 sqm of space inside AFI Park 4&5 to Telus International, which already occupies five floors in AFI Park 3 and is expanding its offices. This move brings the office building to a 70 percent occupancy rate.

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