Articles - new office developments

Discreet investor to develop five floors office building near Charles de Gaulle Square

The new office building will be developed on a plot of land of nearly 1,500 sq. m, situated on the boulevard connecting Arcul de Triumf to Charles de Gaulle Square in Bucharest.

The Advisers/Knight Frank: Office stock to increase with approx. 100,000 sq. m in 2015. We expect a number of pre-rentals

The number of office projects scheduled for delivery in 2015 is relatively limited and for the large tenats in the market wishing to relocate the options will also be limited, so we can expect that the request’s evolution to lead to a number of pre-renting transactions according to The Advisers/Knight Frank.

Main developments on the Romanian real estate market in 2014

Real estate developers focused more on office projects in Romania this year, and less on retail and logistics projects.

Oana Iliescu, DTZ Echinox: Slight Improvement registered by the real estate market this year

The real estate consultancy services market stays for the fifth year at a low level compared to other consultancy fields but also compared to the level registered by this market before 2009, the total volume of the real estate consultancy market being currently under the level registered individually by some players before 2009, said Oana Iliescu, managing director DTZ Echinox.

Hercesa eyes EUR 7 mln office project near Piata Unirii in Bucharest

Spanish company Hercesa is likely to start the construction of a nearly 5,000-square meter office building on a plot of land it owns in Bucharest’s Piata Unirii Square, within an investment estimated at EUR 7 million. The developer already has an IT firm on the wire looking to rent half the space.