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Articles - new office developments

Interview with Mr. Sorin Visoianu, Country Manager Office & Logistics Romania and Bulgaria at IMMOFINANZ

IMMOFINANZ, one of the largest office owners on the local market and the developer of a new business project in the heart of the office district in Bucharest, is for sure a precious source of information regarding the local market’s current situation and future trends. Pundits say the real estate market in Romania gives healthy signs of recovery and growth. We interviewed Mr. Sorin Visoianu, Country Manager Office & Logistics Romania and Bulgaria for IMMOFINANZ, in order to see how one of the largest office owners prepares for the changes on the market.

The request from IT&C and BPO companies could tilt the balance between Orhideea-Center West and Barbu Văcărescu-Center North office fashion areas

According to a study by ESOP Consulting, in 2017, only in the Orhideea area will be delivered class A office spaces with a total surface of 93,000 sqm (in Orhideaa Towers, The Bridge projects) and in the entire center - west area (including Politehnică-Cotroceni area) will exceed 130,000 sqm, like the total stock of deliveries this year in Bucharest.

First phase of Timpuri Noi Square to finish in 2017

Real estate developer Vastint announced the first phase of Timpuri Noi Square, a mixed-use project, is programmed to be finished at the beginning of 2017.

Oregon Park, the newest green buildings complex of Portland Trust, designed to use 40 pct. less energy

One of the most important green offices developers in Romania, Portland Trust, is currently building a new office complex with state-of-the-art technologies: Oregon Park.

Portland Trust gets EUR 77.1 million loan from BCR for the first phase of Oregon Park

Shareholders if the company Portland Trust, founded and controlled by the British businessman Robert Neale, decided to borrow EUR 77.1 million from BCR for the construction of the first office buildings within Oregon Park project in development on the former industrial platform Pipera.

Office developments in Bucharest next year to increase stock by 15%

Office developers will deliver some 382,200 sqm of office space in Bucharest next year, or 15% of the current office stock.

`Duel` of the office poles in Bucharest: Floreasca and Orhideea prepare projects of nearly EUR 700 million

In the area Floreasca - Pipera in Bucharest are currently in construction office projects of nearly EUR 400 million, while the Orhideea area in western Bucharest became a strong competitor, with projects estimated by ZF at approx. EUR 250 million.

Octagon: The office market development will generate an increase of the residential request

The construction company Octagon, controlled by the businessmen Alexandros Ignatiadis and Paschalis Paganias, estimates for this year a turnover of nearly EUR 30 million, with 130 pct higher compared to 2014.

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