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Office Market News

Romania ranks last in EU in number of active SMEs

Romania has landed on the last place in the European Union as far as the number of active small and medium enterprises (SMEs) is concerned, and on the 17th place as far as the added value brought by SMEs, according to a survey of the Post-Privatizare Foundation, quoted by Mediafax newswire.

AFI Europe begins extension works on AFI Palace Cotroceni

Real estate investment and development company AFI Europe has begun extension and reorganization works on the AFI Palace Cotroceni shopping mall in Bucharest, its flagship project on the local market.

Bucharest’s city Hall to start the enlargement of Fabrica de Glucoză St.

One of the most important infrastructure projects to be started by Bucharest’s City Hall in 2015 is the enlargement of Fabrica de Glucoză St., has declared for ZF Live Ion Dedu, the director for infrastructure within Bucharest City Hall, referring to the route used daily by thousands of corporatists to access Barbu Văcărescu -Pipera area.

Omifa relocates to Northern Bucharest

Starting December, Omifa, the office fit-out solutions supplier, relocated its Bucharest office to Nova Buildingsituated in Northern Bucharest, in the proximity of Barbu Vacarescu Blvd. and of Calea Floreasca.

Eurostat: Romania, the highest increase in construction work in the EU in November

Romania went from the most significant decrease in construction in the European Union, as noted in October 2014, when compared to the previous month, namely minus 5.4 percent, to the highest increase in construction work in November compared to October, namely 5.8, the data presented on Monday by the European Statistics Office (Eurostat) shows.

Bucharest’s ParkLake shopping mall reaches 70 pct occupancy rate

ParkLake, the 70,000 sqm shopping mall developed by Sonae Sierra and Caelum Development in Bucharest’s District 3, has signed “and/or committed” some 70 percent of this GLA, according to the developer.

Real estate market in Romania will increase with 5 pct. this year

Real estate in Romania will register this year a slight growth, following a revival in 2014, according to RE/MA study.

Attractive offices in Bucharest: Top buildings in 2014

In 2014, in Bucharest, three quarters if the companies rented offices in north: 59 pct. of the transacted spaces are in the central-northern zone and 17 pct. are in the northern area, according to a study made by Esop, based on the centralized data on the forum of the large real estate consultants.
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