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Office Market News

DTZ Echinox appoints new head of property management

Sebastian Mahu is the new head of property management at DTZ Echinox. He has background in property management after he coordinated the Felicia Shopping Center in Iasi and also holds experience in marketing research.

20% growth for real estate transactions in 5 months

The number of real estate transactions has increased with 20% in the first five months of this year, to 323,419, compared to the similar period of 2012, while the mortgages registered within the National Agency of Cadastre and Real Estate Advertising (ANCPI) have slightly decreased.

Popoviciu and Dimofte made EUR 30 million profit from commercial properties

16 companies from the portfolio of the businessmen Gabriel Popoviciu and Radu Dimofte have reported last year a total profit of nearly EUR 30 million, with 85% growth compared to the previous year, shows a ZF analyse, biggest incomes being brought by the commercial area of Baneasa project and by the spaces owned through the companies Universal, Practic and Meteor.

Romania posts highest EU inflation for sixth consecutive month this June

Romania reported a 4.5 percent annual inflation rate this June, the highest level in the EU for the sixth consecutive month, according to data from Eurostat, the statistical office of the European Union. It came ahead of Estonia (4.1 percent) and the Netherlands (3.2 percent) while the lowest levels were reported in Greece (-0.3 percent), Latvia and Poland (both 0.2 percent).

Real estate investors doubled the capital of their Romanian branches

Foreign real estate investors brought in the first six months approx. EUR 165 million capital in their companies owned in Romania, a level representing almost the double of the amount brought in the same period of last year, EUR 86 million respectively, according to data of Trade Registry.

Romania, second place in EU at construction growth level for May

Romania situated on second position in EU referring to the construction works growth in May 2013 compared to the precedent month, considering that the construction works volume registered 0.2% decrease in EU and 0.3% in Eurozone, shows Eurostat data presented on Wednesday.

JLL: It is a very good moment for liquid investors to enter Romania

Dutch Gijs Klomp, appointed as head of Jones Lang LaSalle (JLL) Romanian office in May, considers the local market still currently offers investment opportunities, but only for liquid investors, not needing bank financing, in the conditions that loans cost is considered “interdictory”.

Phase 1 of Business Garden opens in Warsaw

The grand opening of SwedeCenter’s flagship project, the Business Garden complex located at Żwirki i Wigury in Warsaw has officially opened. Further, this state-of-the-art complex, designed with the latest environmentally friendly development principles, has been nominated for Best Green Office Development of the Year at the 3rd annual CEE Green Building Awards.

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Adina Camara

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