Real estate transactions for office buildings, logistic areas and investment market in Bucharest will exceed 800 million euros in 2015, according to a study made by the real estate consulting company Colliers International. Outsourcing services continue to be the most powerful office sector as Romania has become more and more visible for big companies like BPO, SSC and IT, interested in Bucharest and secondary towns. Over 60,000 people are now employed in outsourcing activities and up to 150,000 employees are expected in this sector in the next 5 years. The most dynamic are for office areas is still Floreasca-Barbu Vacarescu which may reach a total stock of half a million square metres by 2020. The modern building stock has generated most demands, about 215,000 sq.m being rented in the last five years. The area will continue to be an attraction pole in the future, considering that over 155,000 sq.m of office areas will be built by the end of 2020. Bucharest is among East European Capitals offering 7.5% for the office sector, a similar retail level and about 9% for the industrial sector. Logistic areas have a vacancy degree of 8%, but by the end of 2016 the stocl will grow by 100,000 sq.m. The value of rents for new areas is between 3.5 and 4.15 euros/sq.m. According to the estimated consumption increase, Bucharest might have an additional 100,000 sq.m. of retail (non-food) areas, so that it could reach a total stock of over 900,000 sq.m of retail areas. In the last two years, the northern and Theodor Pallady areas have been the most active areas in Bucharest in point of land transactions. The northern part of the Capital, which includes Aviatiei, Barbu Vacarescu, Caramfil, Dimitrie Pompeiu and Floreasca, reported investments of over 100 million euros in land, with transactions for over 20 ha. For Theodor Pallady, the residential and retail sectors generated transactions for 50 ha, worth over 60 million euros.
Bergenbier celebrates three decades of presence on the Romanian market, consolidating its status as an emblematic brand in the beer industry. On this occasion, the brand celebrates the authentic moments that have united generations of friends around a beer. In the spirit of this anniversary, Bergenbier brings back the famous slogan "Friends Know Why", launched […]
Digital Nation and the Ministry of Education and Research announce a partnership for the implementation of Saro, a concrete and functional AI-based solution, in schools and universities across Romania — the most significant step within the ministry’s initiative to integrate Artificial Intelligence into education. The Ministry of Education and Research will support the implementation of […]
Apple and Nvidia, the world’s two most valuable companies by market capitalization, pledged over USD1tn towards the US electronics supply chain, presenting themselves as strategic allies in reshoring and industrial sovereignty efforts. However, a closer look reveals these politically symbolic gestures lack the genuine reshoring shifts claimed, posing hidden economic and geopolitical risks. High-profile promises […]
Symmetrica, the leading local producer of vibropressed pavers and curbs and the largest Romanian manufacturer in its sector, is entering the final phase of construction for its new factory in Bolintin Vale (Giurgiu County). This facility will be the largest concrete paving and slab production unit in both the company’s network and the Southeastern European […]
Young people aged between 16 and 18 in Romania will be able to establish and manage a new type of limited liability company (S.R.L.), which will be called a "firmă de exercițiu" (practice firm) and will have the abbreviation "S.R.L.-F.E.", according to a new project. A young person will be able to establish or acquire […]
Developer Skanska has signed an agreement to sell the first phase of the Bucharest office complex Equilibrium to Gordiusz Private Equity Fund, managed by Gránit Asset Management. The transaction value amounts to EUR 52 million. The Equilibrium office complex consists of two buildings in the business district Floreasca – Barbu Vacarescu. The first phase, which […]
