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Articles

The investment market increased by 37% last year, but may see a dip in 2021 as some uncertainties remain on the horizon

The “year of the pandemic'' turned out to be one of the peaks of the current economic cycle in terms of investments in commercial real estate assets, with a growth of 37% over 2019, to almost 900 million euro. 2021 may see a dip, as some buyers may remain on the sidelines amid a lack of clarity about the future revenue stream, according to the 2021 annual report released by Colliers.

HAGAG Development Europe starts construction works on Tudor Arghezi 21

Real estate developer HAGAG Development Europe starts construction works on its property near University square. H Tudor Arghezi 21 is the second office project that the company is developing on the local market, and the investment in the reconversion of the building will exceed EUR 4 MLN. The project is fully leased.

Alexandru Cristea, appointed CEE Managing Partner of ONLINE REAL ASSETS

ONLINE REAL ASSETS - The Proptech real estate expert announced today that it has appointed Alexandru Cristea the CEE Managing Partner.

TECHVENTURES BANK S.A. moves its headquarters to the One Herăstrău Office building owned by One United Properties

TECHVENTURES BANK S.A. will move its offices to the One Herăstrău Office building within the One United Properties portfolio. The bank signed the lease contract for the ground floor and the last floor of the building located on Daniel Danielopolu street no. 30-32 in Bucharest.

Record long-term partnership in an iconic office complex: CA Immo renews the lease for Sony offices in Bucharest Business Park

CA Immo has renewed the lease contract with Sony for another five years, thus becoming one of the longest leases in Bucharest Business Park.

The 3 best practices for keeping your property data in good shape

Since property asset managers deal with several types of property data and data entries on a regular basis, compromised data quality – whether it’s obsolete, incomplete, inaccurate, or contains errors – is a common issue.

Chief financial officers in Romania are more optimistic than in 2020, but continue to focus on cost reductions

Chief financial officers in Romania are more optimistic than six months ago regarding the evolution of their companies’ main financial indicators, according to the latest edition of Deloitte CFO Survey Romania, conducted based on opinions expressed by over 100 CFOs in our country. Although half of the respondents show optimism, cost reductions continue to be the next 12 months’ priority for 37% of them, down from 58%, at the beginning of the pandemic. The ranked second priority is organic growth of business (up from 13% to 18%), followed by digitalization (11%), as work from home and internal process automation have become crucial in most of the fields.

Colliers launches Office 360°, a unique full-service solution to create the offices of tomorrow

2020 is the year that fundamentally changed the role of the office. The workplace will never be the same again, which means now is the time to transform it and make it better than ever. Colliers innovates and responds to current challenges and future needs in the office market with Office 360°, a complete approach of the office with all its touchpoints, carried out in a unique and highly complex process that is tailored to the very last detail to fit the companies’ needs and strategic plans. This service starts by creating a workplace vision together with senior management to define the impact of Covid-19 and the strategic organizational goals.

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