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Articles - new office developments

Bucharest offices – best quarter in the last 21 months

The office request (except for renegotiations and extensions) reached 48,500 q. m in the first 3 months of the year, with more than 55% prelease transactions.

Office development possibilities in Zagreb and Belgrade

Zagreb and Belgrade are generally viewed as offering office development possibilities despite being at different points in the development cycle. Belgrade has close to zero vacancy with limited stock while Zagreb has high vacancy and an “overheated” office market. Development opportunities are anticipated with an economic upturn in the Croatian economy in the next 2-3 years.

Former GTC Romania’s head founded its own real estate development company and develop new office building in Bucharest

Former head of the real estate developer GTC Romania Shimon Galon founded a company together with several friends and former employees of GTC, which will deal with the development of its own real estate projects, but also for other investors.

EUR 40 mln real estate project to be built on the grounds of former Grivita brewery in Bucharest

Kiseleff Development wants to build a EUR 40 million real estate project on the grounds of the former Grivita brewery in downtown Bucharest and over the ‘next period’ it will begin works to clear the site, announced today representatives of Element Development, the project’s developer.

Office developers active across CEE

Developers have been very active in the Warsaw and Prague office markets in recent years. However, these leading CEE markets are victims of their own success as concerns over vacancy rates are causing developers to re-consider the Budapest and Bucharest office markets.

Bucharest City Hall approves the construction of 45m building in Dorobanti area

The Urban Plan allowing the construction of a building with a height of 45 m in Dorobanti area in Bucharest was approved by the City Hall, the building including a hotel, a casino, commercial premises and offices.

AFI starts the construction of the last two office buildings near Cotroceni mall

AFI Europe Romania starts the construction of the last office towers in the close vicinity the mall AFI Palace Cotroceni.

Green Gate, the biggest office project in Bucharest delivered in 2014

The company S Group Holding from Czech Republic founded and managed by din Martin Borovicka, will complete next month near Chirigiu Market in Bucharest the biggest office project to be delivered this year – a building with a rentable area of 31,000 sq. m, developed with an investment of nearly EUR 60 million.

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