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Articles - office stock

Real estate market in Romania continues growth; international investors and developers’ interest increasing

Local real estate market will continue the positive trend of the last years, with growth estimated on key-segments such as investments market, office and industrial, according to the most recent study of a real estate consultancy company.

Top of the biggest office owners in Romania

The office market in Romania is facing one of the most dynamic evolutions of the local real estate sector, a series of important developers announcing new projects in Bucharest and in other big Romanian cities.

Construction sites for offices in four business poles in Bucharest to host 24,000 new employees

The area Floreasca-Barbu Văcărescu, where nearly 15 pct. of the Bucharest offices are currently gathered, is the largest “construction site” for office projects this year, while the most serious competition comes from the other end of Bucharest, on Timisoara Blvd, where AFI and Anchor group are developing nearly 80,000 sq. m of modern office spaces.

Bucharest office supply to reach record level in 2016, says DTZ Echinox

The Bucharest office supply is expected to reach the highest level registered since 2009 this year, a study by DTZ Echinox shows. With 325,000 sqm of office spaces projected for finish this year, values will be increased fourfold over last year’s deliveries.

Real estate investment exceeding EUR 800 million to be delivered next year in Romania

Real estate investment exceeding EUR 800 million will be delivered next year in Romania, mainly in Bucharest, with the office market in the top of the developers’ preferences, which will lead to pressure on office rents.

Papalekas owns half of the Romanian `City`

Globalworth, founded and controlled by the Greek businessman Ioannis Papalekas, bought with EUR 47 million the second building within Green Court Bucharest office complex from the Sweden’s Skanska.

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.

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.

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