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Office Market News

Another tentative for the sale of the office complex Swan in Pipera-Tunari

Three years after the bankruptcy, Swan Office & Technology Park in the Pipera-Tunari district in Bucharest is still trying to find a buyer, lowering the price to less than half, down to nearly EUR 20 million, according to the judicial liquidator’s announcement, CITR.

Japanese game testing company opens office in Bucharest

Japanese test outsourcing company Pole To Win International will open an office in Bucharest, in October. This will be the company’s third office in Europe, the other two being located in London and Glasgow.

New residential project with initial EUR 40 million investments near Bucharest

Loreco Investment, the developer of a residential project outside of Bucharest, in the Balotesti area, has started to sell land plots for houses, its strategy including the development of 90 hectares of land in five stages.

JLL Romania: Demand for office space in Bucharest up by 45 pct by yearend

Net demand for office space in Bucharest – meaning new space being leased by existing or new tenants – will total some 160,000 sqm by the end of the year, up by 40 percent against 2015, according to data from real estate consultancy JLL Romania. Gross demand, which also comprises renegotiations of existing leases, is forecast to reach 320,000 sqm, up by 30 percent y-o-y.

Investments in Romania’s real estate sector reach EUR 400 mln in nine months

The volume of investments in Romania’s real estate sector increased by over 6% in the first nine months of the year to EUR 400 million.

Romanian SMEs get additional EU financing options worth EUR 59 mln

The Ministry of European Funds (MFE) and the European Investments Fund (FEI) signed on Tuesday the Financing Agreement for Competitiveness Fund for Funds creation, aiming to improve the financing access under risk capital and loans for the innovative firms from Romania.

WatchShop invests EUR 50.000 investment in a new office, expects EUR 2 mln turnover this year

Starting September, WatchShop.ro, the online retailer for watches and accessories’ dedicated to men, moved into a new office, following a EUR 50.000 investment, in its 7th year of operations on the local market.

Over 60,000 employees on the Romanian outsourcing market

Over 60,000 employees work in the local outsourcing sector, on a market estimated at EUR 1.2 billion, which increases by at least 20 percent every year, even if the salaries are still at a low level, according to Smartree, one of the outsourcing company from the Romanian market.

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Alexandra Filip

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