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Articles - office rentals

Bucharest’s Q1 2013 office space delivery surges to 2012 total volume level

In the first quarter of 2013 some 71,000 sqm of office space were delivered in Bucharest, a figure approximately equal to the total volume delivered 2012, according to a DTZ Echinox report. This was the most active quarterly construction activity recorded since Q4 2010, said DTZ Echinox representatives.

New appointments in The Advisers/Knight Frank management

The Advisers/ Knight Frank has appointed two new managers, following the clients portfolio extension.

Atenor signs first tenant to Vaci Greens in Budapest

Atenor, Belgian developer listed on Nyse-Euronext, announced the signing of a lease agreement in VaciGreens Building A in Budapest with SYKES, leading provider of customer contact management solutions and services. SYKES will occupy 2125m² on an entire floor.

Half of the offices to be delivered by the end of the year in Bucharest are already pre-leased

By the end of the year, another 63,000 sq. m office space will be delivered in Bucharest, apart the 72,000 sq. m delivered in the first quarter.

The Phantom Mall in Brăila could be sold for less than EUR 15 million

The bankrupt mall in Braila, Armonia Mall, closed in 2009, did not find a buyer at the last session of direct negotiation, even if there is interest in it, have declared for ECONOMICA.NET the CITR representatives.

Relocations still rule the office market: 75% of the activity at the beginning of the year

The occupancy rate of the office buildings continues its ascendant trend, while the basic rent remains constant, CBRE officials have said. At the same time, Bucharest office market will continue to be dominated by relocation transactions.

Immochan to build residences for EUR 700/sq. m at Coresi Brasov

Immochan intends to build residences for EUR 700/sq. m included in the Coresi project in Brasov and is currently negotiating a partnership with a developer willing to start the construction in one year, has declared Tatian Diaconu, managing director Immochan Romania.

NEPI registered EUR 11.2 million profit, well above its gain from similar period of 2012

The south-African real estate investment fund New Europe Property Investments (NEPI) registered in the first quarter a profit for its shareholders of EUR11.2 million, well above same quarter of last year, EUR 926,000.

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