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Office Market News

Romania’s inflation rate falls to 4.4 percent in July on lower consumer prices

Consumer prices in Romania decreased by 0.3 percent in July against the previous month, while the inflation rate reached 4.4 percent, still above the annual limit target of 3.1 percent projected by the National Bank of Romania.

Mega Image takes over five Gulliver stores. Four units go to Carrefour

Belgium’s retailer Mega Image, present on the local market with supermarkets and proximity stores Shop&Go, will operate starting August five of the nine Gulliver stores in Bucharest.

CBRE launches Global Research Gateway

CBRE Group, Inc. has launched the Global Research Gateway - a new online portal providing access to CBRE’s extensive real estate research, knowledge and insight across all geographies and sectors.

Land price decrease since the beginning of the crises

Land prices registered nearly 80% decreases in the last five years in some cities in Romania.

Villar International Limited is interested in Ioannis Papalekas’s company

Globalworth Real Estate Investment, founded in the beginning of this year by the Greek businessman Ioannis Papalekas in order to attract capital on the AIM secondary market in London, is interesting for Israel’s investors.

Renewals on the industrial market in Romania registered a record level

Lease renewals for logistic and warehouse have totalized in the first semester 80,000 sqm, a record level for the Romanian market, due to the large number of contracts signed in the period 2008-2009, with five years duration, according to CBRE.

Real estate investment volumes in 2013

The CEE commercial property market’s transaction volume increased 38 percent y-o-y in the first half of 2013. Fifty transactions worth €1.74bn closed during the first six months of the year, according to an analysis by Jones Lang LaSalle.

Construction works 6.8% down in first semester of 2013

The volume of the construction works has decreased in the first semester compared to the first half of last year, both as adjusted and unadjusted series, with 7% as adjusted series by the working days number and season and with 6.8% for unadjusted series, according to the National Institute of Statistics (NIS).

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