IN THE SPOTLIGHT

If three to four years ago, one could have counted just a few specialty coffee shops in Bucharest, today the market has increased significantly with around 40 locations in Bucharest, split between central street locations and new office buildings.

New estimated investments of more than EUR 1 BILLION in office, retail, residential & hotel schemes, together with a public hospital bring new opportunities on the Bucharest real estate market.

10 Influential Women in Romanian Real Estate with powerful profiles such as deal makers, shrewd negotiators, market movers & shakers, business growers, inspirational leaders over hundreds of people and target over-achievers.

The key issues impacting businesses this year are the availability of suitable assets/land and construction costs.

Compiling data released on the market, BREC has put together The Top 10 Romanian Biggest Office Deals in 2017. Totaling a surface of 122,553 sq. m, the top brings together companies from different sectors: auto, banking, consultancy, energy and IT &Telecom.

In a move emphasizing its leadership on the Romanian retail market, Lidl has finalized its own office building in Aviatiei, North Bucharest, the area with the biggest density of AAA tenants in Bucharest. The innovative & green project that implements the most advanced construction technologies was built by Skanska.

The growth rate of e-commerce sales is forecast to fall over the next four years, according to a study by Colliers International, and the online ‘pure-play brands’ are increasingly looking at how they can support future sales.

A recipe behind the success of boutique office buildings combines key location, disruptive architecture and facilities such as coffee-shops and restaurants, fitted out following the latest design trends.

With another year of economic healthy grow predicted for Europe, Romania is the star of the SEE region, as forecasts of the European Commission are for a 4.4% increase in 2018 of the local economy.

The key issues impacting businesses this year are the availability of suitable assets/land and construction costs.