One of the biggest transactions on the real estate market in Bucharest, on the site of a former communist factory, is beginning to take shape: GRIRO, controlled by businessmen Nicolae Badea and Fatih Taher, selected two real estate developers to see if they can sell 11 hectares of land.
Unified building and urbanization legislation, public and private sector cooperation, and the existence of fiscal facilities for "green" buildings or the creation of investment vehicles in real estate are some essential measures that would place the real estate market on solid bases and would attract easier investors in assets, in the opinion of lawyer Roxana Dudau, associate partner Noerr and a member of Bucharest Real Estate Club.
The rental demands on Bucharest office space in the first nine months of 2018 amounted to 220,000 sqm and 76 per cent of the premises traded this year are in Class A office buildings, according to a CBRE study.
The real estate market followed an upward trend in 2018, with positive results in all sectors of the market. On the background of the increased interest of companies for modern office space and a low vacancy rate, Class A office space segment in Bucharest and in regional cities will continue to grow at an accelerated pace in 2019.
The office market in Bucharest registered a total volume of 75,300 sqm of rental transactions in the third quarter of 2018, of which the new request was 20,400 sqm. According to Colliers International real estate consultancy, the request came largely from the professional services and IT & C segments.
Following last year's success, ROFMA - the Romanian Facility Management Association organizes a new edition of ROFMEX - Romanian Facility Management Experience Days this year, between 8th and 10th of November.
ESOP Consulting brokered a new headquarters transaction for TEADS Studio employees in the D'OR Business Center building. TEADS Studio, part of the TEADS group, the world leader in providing outstream video advertising, pre-leased an office space of 557 square meters.
On November 8, the International Conference organized by the Romanian Facility Management Association within ROFMEX 2018 will take place, an event that aims to bring to the attention of those who work or interact with the fields of workplace, property and facility management an in-depth analysis of the challenges, trends, technological innovations and opportunities in the field.