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
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
|
|
|
|
|
|
|
|
| |
|
|
advertising
advertising
|
| More on Reports |
| Last train to state aid financing due to depart  The final call for the current state aid scheme has been sounded, with 2013 the last year when investors can still apply for the existing version of the scheme. Specialists...
|
| Green energy divides power players  Is green energy actually that green? Is it so clean, so non-polluting? In theory, green energy uses resources that already exist in nature, which do not require extraction ...
|
| No power plant is an island: connecting to the grid  The renewable energy industry has a firm grip on investors' attention, with more and more RES-E plants about to connect to the grid. At the Access to the Grid conference or...
|
| CAP in hand: will new regime see agriculture reap gains or stuck in the mud?  The 2014-2020 European budget for agriculture, part of the new Common Agricultural Policy (CAP), rubberstamped by the EU Council and awaiting approval by the European Parli...
|
| Private jets maintain altitude despite turbulent times  Romania's private jet (PJ) market was in full flight before 2009, but pundits say the business did not crash back to the ground during the financial crisis. The acquisition...
|
| Players stay their hand on cautious real estate market  The main features of the real estate market this year seem to be prudence and a thorough analysis of each move and decision. At least so it appears judging by the plans of ...
|
| Power play: the sorry saga of Romania's energy projects  Romanian politicians, at least those in charge of the energy field, are very ambitious. They have all stated that Romania is or can clearly be a power in the field all over...
|
|
