IN THE SPOTLIGHT

Romanian real estate market has strong fundamentals and an eventual correction will be a moderate one, that was the conclusion of the most important investors and consultants during the Investment Briefing roundtable organized last week by Bucharest Real Estate Club at Athenee Palace Hilton, in Bucharest.

Co-work takes hold in the second trimester on the office market in Bucharest, with two new international groups announcing their entrance on the local market: Mindspace in Globalworth buildings and Spaces in Campus 6.1 and Unirii View.

Colliers International Romania advised East Balkan Properties plc in the selling of its office portfolio consisting of four buildings in Bucharest.

In a more and more crowded office market, with new hubs developing at fast pace, real estate investors are coming with new concepts, re-thinking the use of different functions, such as the office lobby.

Ionuț Dumitrescu launches Element Industrial, a real estate development company focusing on logistic projects. The new company will develop a portfolio of industrial projects in Bucharest and Romania.

While investors agree the commercial segment of the Romanian real estate market has matured, with numerous qualitative developments delivered in the last couple of years, BREC takes a look at the residential segment where new, interesting moves take shape.

CA Immo has acquired the first phase of Campus, the business park developed by Skanska in Center West Bucharest for 53 million EUR.

The biggest ten office deals in Q1 2018 total 39, 373 sq. m, the podium concentrating two projects: one in CBD – Day Tower and the other one with two deals in Central West – The Bridge.

Romanian-based real estate company Element Development has finalized construction works at Bistrita Retail Park, totaling an investment of 9 million EUR.

Either you are a local or multinational office space occupier, your business needs to have a perfect match when it comes to occupying an office space, especially under today`s costs optimization constraints and qualified workforce shortage.

New sophisticated products on Bucharest real estate market: first food hall & lofts apartments on former historic properties

Tech got mainstream as industry eyed urban future during MIPIM 2018, the world’s leading international real estate business, conference and networking event.