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Office Market News

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.

Andreea Păun, Colliers: Office request is double compared to the level of deliveries

The office stock in Bucharest will increase this year, same as in 2014, with approx. 100,000 sq. m, while the request level is double, has declared to ZF Live Andreea Păun, associate director in the office department of the real estate consultant Colliers.

Office rentals up 5.57 pct. in Bucharest and up to 61 pct outside Capital city

The office space traded last year in Bucharest and major cities in Romania totalled around 346,000 sqm, up 9.9% year-on-year.

Dedeman, biggest retailer on the DIY market in Romania, builds its 4th store in Bucharest

Romania’s Dedeman is building its fourth store in Romania’s capital city, which will be inaugurated on Bucharest’s Theodor Pallady Boulevard in March.

Kaufland Romania to add 9 stores to its network in 2015

German-held food retailer Kaufland will continue its expansion in Romania in 2015 by opening nine more hypermarkets, bringing its local network to 111 stores, according to company data.

New Fiscal Code by February 15, Romanian Govt. keeps flat tax

The new Fiscal Code and the Fiscal Procedure Code will be finalized by the Government until February 15 and will be submitted to the Parliament by March 15, to be debated and adopted, said Prime Minister Victor Ponta. He added that the 16% flat tax will not be modified in 2015 and 2016.

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.

Over 53% of Romanian managers expect positive economic evolution in 2015

Over 53% of Romanian managers expect in 2015 a positive economic evolution, while 34% see a continuation of the crisis, according to a study made by KeysFin.

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