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Articles - Bucharest office market

Knight Frank: Growing interest for downtown Bucharest offices

The commercial real estate investment market will continue this year the strong growing trend felt in 2015 too, as the temporary data shows that the volume of transactions increased with more than 20 pct. compared to the precedent year, according to Knight Frank’s study, and 2016 will bring important changes on the office market, including on the local market.

Romania’s office market in 2016: High number of relocations due to law changes, fewer low-quality office spaces

There will be a high number of relocations in the local office market in 2016, mainly due to the legislative changes and major consolidation of some multinationals headquarters, according to Alexandru Petrescu, Managing Partner ESOP Consulting l CORFAC International.

Papalekas owns half of the Romanian `City`

Globalworth, founded and controlled by the Greek businessman Ioannis Papalekas, bought with EUR 47 million the second building within Green Court Bucharest office complex from the Sweden’s Skanska.

Interview with Mr. Sorin Visoianu, Country Manager Office & Logistics Romania and Bulgaria at IMMOFINANZ

IMMOFINANZ, one of the largest office owners on the local market and the developer of a new business project in the heart of the office district in Bucharest, is for sure a precious source of information regarding the local market’s current situation and future trends. Pundits say the real estate market in Romania gives healthy signs of recovery and growth. We interviewed Mr. Sorin Visoianu, Country Manager Office & Logistics Romania and Bulgaria for IMMOFINANZ, in order to see how one of the largest office owners prepares for the changes on the market.

CBRE: Bucharest office market to reach 3.2 mln sqm by end of 2017

Total leasing activity on the Bucharest office market reached 72,000 sqm in Q3 2015, according to data released by CBRE. Of these, take-up represented 47 percent, while new demand made up 30 percent.

Galon: Residential market in Romania still awake, but the office market is overloaded, developers are stealing clients

The residential market is awake, the land owners which have waited for a long time are now beginning to understand the value of the lands they thought unprofitable, has declared for Profit.ro, Shimon Galon, former head of the real estate developer GTC Romania. In return, the office market is overloaded, and the developers are stealing clients from old buildings.

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