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Office Market News

Four construction sites of EUR 300 million in Bucharest La Defense

Four developers continue the real estate investments of approx. EUR 300 million in the area Barbu Văcărescu - Floreasca, near Pipera passage in Northern Bucharest, where the players on the market say the new financial and business centre of Bucharest is developing, similar to La Defense project in Paris.

Sport Depot to open first showroom in Romania, in Global City Business Park in Pipera

Pipera area becomes more and more a valuable option for the companies looking for offices, covering in 2Q over 30% from the rental activity. Therefore, during last month, Global City Business Park, one of the main office projects in the Northern Bucharest owned by the investment fund Global Finance, signed two new contracts.

Hermes Business Campus office project in Pipera continues without Alpine

The works for the first building of the business park Hermes Business Campus on Dimitrie Pompeiu Blvd in Pipera district Bucharest, whose general contractor was since last autumn the construction company Alpine Bau Gmbh, continues the collaboration with the subcontractors of the company, while the agreement of the developer with the Austrian group was terminated.

AFI Europe speeds the office segment: Many multinationals intend bringing their IT departments in Romania

AFI Europe started the construction of the third building in Bucharest AFI Park complex, scheduled for delivery in November next year, accelerating the development as more and more international companies are aiming Romania for relocation of their It departments, according to David Hay, company’s head in Romania.

Office spaces transactions totalized 125,000 sqm in the first 6 months

The area of office transactions in the first term totalized 125,000 sqm, with 12% growth compared to the similar period of last year, with less than 25% representing new contracts, according to the real estate agency The Advisers/ Knight Frank.

A new mandatory document required by EU for construction materials trade

Starting this month, the construction materials for trade will have to be accompanied by a declaration of performance to be made available for buyers. The document is mandatory and imposed through EU direction.

Energy certificates become mandatory for real estate transactions starting July 19

Owners who want to either sell or rent real estate properties will require an energy certificate in order to conclude contracts. The measure is provided by Law 159/2013 which refers to the energy performance of local buildings.

RICS President:Continuity and public interest are our watchwords

The new President of RICS (Royal Institution of chartered Surveyors) has spoken about the crucial role of the Institution in upholding international professional and ethical standards in land, property and the built environment for the public benefit.

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