about us | newsletter | contact | archive | members area
It is not just the US Government that applauds Romania in its fight against corruption; »

The real state of office real estate

A few years ago developers were eagerly building office space. Now the vacant stock is generating total monthly losses of EUR 6 million for its owners By Roxana Cristea

October 2011 - From the Print Edition

5 Photos
However, builders and agents are optimistic and hope that in the near future the market will recover, after big companies announced their arrival in Romania, the construction of new projects began and the market started to see pre-lease contracts again.
“Soon we will start to build a new project in Piata Presei Libere – a 26-floor green office building of 35,000 sqm which will require an investment of about EUR 60-70 million,” Shimon Gallon, general manager of GTC, told The Diplomat-Buchare...

To continue reading this article you have to be registered
The content that you are trying to view is available only for the registered users.
If you want to read this article now, please subscribe for FREE
New user Already registered ?
As a registered user you will have a lot of benefits.
      Forgoten password

There are 0 comments:

Validation Code

0 Comments  |  2950 Views
Daily Info
Endava moves into new office space in AFI Business Park

Endava, one of the fastest growing IT services companies in the region, with over 2,350 employees at group level, headquartered in London, with offices in New York, Atlanta, F...

ABSL: Number of employees in business services expected to grow by 60 per cent until 2017

The business services sector is expected to reach 100,000 employees by 2017, according to a study of KPMG developed for The Association of Business Service Leaders in Romania-...

CA Immo to start a new office development in Bucharest with 75 million Euro

CA Immo, the specialist in office properties in Central European capitals, which owns five office buildings in Romania with a gross leasable area of 106,000 square meters, has...

Application launched for online filing of EU-funded projects

The European Funds Ministry and the Special Telecommunications Service have launched the application MySMIS2014 for the beneficiaries of the EU funds to consult it, with the ...

Deloitte CE PE Survey: Confidence dips as economy faces uncertain times

In an economy marked by challenges and uncertainty, confidence among private equity investors has dropped to the lowest level in three years with one third of respondents expe...







More on Features
Secrets to Investing Success in the Local CEP Market

Adrian Mihai, Managing Partner of FAN Courier, the local CEP market leader, speaks to The Diplomat – Bucharest about the local CEP market reality, further opportunities a...

A sacred obligation

As we celebrate 135 years of diplomatic relations between Romania and the United States, let me pause for a moment to appreciate the extraordinary partnership the two natio...

The Romanian-French tie - Pas de deux

As Romania's fourth-largest foreign investor with nearly 8,000 companies registered, France keeps looking at the local market as an important partner for doing business, wi...

Romania-USA: problems for each, solutions from both

It is said that solid friendships are difficult to find, but even more difficult to maintain. After a tradition of 135 years in diplomatic relations, Romania and the US see...

Courier services:what's oiling the wheels this year?

As e-commerce grows y-o-y, so does the B2C share in the courier players' business, but not without its challenges. End customers are becoming more and more demanding regard...

Czech Ambassador: 'Romania is taking large steps towards improvement'

The Czech Republic shares with Romania not only similar history, but also economic grounds. The country ranks 14th in the top 20 foreign investors in Romania, with a total ...

Office sector, on the road to recovery: How's the 2015 stop?

The real estate market is still mending its wounds after the economic turmoil and more and more activity is seen in the office sector. While demand and supply are on an upw...