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Articles

Corporate Finance House Group to enter Romania property market

Middle East Corporate Finance House Group (CFH) bought the Day Tower office building in Bucharest, a building developed by Day Group.

CBRE Proptech Index 2019: the new generations are changing employer’s strategy towards implementing integrated digital solutions in the workspace

According to a CBRE recent research – The Proptech Index 2019, 70% of occupiers from Central and Eastern Europe intend to raise their level of real estate technology investment in the next few years mostly in a more people – centric direction.

Strategies for optimizing HVAC equipment in buildings

When planning a replacement for HVAC equipment, you have three strategies available to ensure that the new equipment works as efficiently as possible, according to Lucian Anghel, Fondator și CEO, Timepal Romania și Facilities Management Services .

Office deliveries in Bucharest could break the 300,000 sqm threshold in 2019

In the third quarter of 2019, 66,000 sqm of new modern office buildings came online in the Bucharest office market and there are big chances to break the 300,000 sqm threshold, according to real estate consultancy company Colliers International. The higher vacancy and infrastructure discrepancies will likely support a more thorough segmentation of the market, with the gap between well-located buildings and those at the opposite spectrum likely to increase over the medium term.

The Romanian real estate investment market exceeded 585 million euros in the first nine months

Total real estate investments in Romania exceeded 585 million euros in the first nine months, according to a study recently conducted by CBRE.

The modern office stock in 15 CEE countries will reach 30 million sqm by 2021

The largest supply of modern office space in 15 CEE countries was recorded in Warsaw, Budapest and in Prague, while the biggest increase of new supply in H1 2019 was noted in Bucharest (185,000 sqm), according to the newest report by real estate consultancy company, Colliers International. On a per capita basis, Bucharest’s office surface is around one third below Warsaw’s, which is also significantly below other Western European markets, so there might be room to grow.

Sanamed to relocate within Business Garden Bucharest office complex, developed by Vastint

Sanamed will relocate its activity starting 2020 in a 3,900 sqm space situated in the Business Garden Bucharest, the office project developed by Vastint Romania.

The Romanian office space market grew by 24% in the first three quarters of 2019

In the first nine months of 2019, the volume of office space rental stands at 339,100 sqm, 65,430 sqm more than last year in the same period, according to an ESOP monitoring of centralized data by the main market brokers. The largest transactions were registered in Bucharest, Cluj-Napoca and Timișoara.

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