author - Business Review

Analysis. Romania’s logistics&industrial market could set new records in 2017

Industrial September 21, 2017 16:01 0 comments BR Exclusive

With industrial & logistics space take-up racing beyond consultants’ expectations this first semester, the market looks set to reach new highs by yearend.  Simona Bazavan A record level of over 300,000 sqm of logistics &…more »

Analysis. Developers push the pedal on residential investments

Residential September 06, 2017 16:05 0 comments BR Exclusive

House prices are expected to maintain their upward trend through to the end of the year, after picking up speed this first semester. In the meantime, developers are boasting of investments in new projects to…more »

Globalworth begins trading EUR 550 mln bonds on the BVB

Offices July 31, 2017 15:06 0 comments

Globalworth Real Estate Investment Limited bonds (GWI22) are available on the Bucharest Stock Exchange (BVB) starting this Monday, the company has announced. The company's main objective is to "go on investing, develop and identify new…more »

NEPI Rockcastle delivers Aviatorilor 8 in downtown Bucharest

Offices July 28, 2017 13:40 0 comments

Real estate developer and investor NEPI Rockcastle has finalized the Aviatorilor 8 office project some two years after works began on site. The 7,700 sqm (GLA) office project required an investment of some EUR 37…more »

Immochan takes over Coresi Business Park in Brasov

Offices July 28, 2017 12:10 0 comments

Immochan, the real estate division of the Auchan Group, has taken over the Coresi Business Park office project in Brasov, the company has announced. The project is located near its Coresi Shopping Resort mall which…more »

Logistics and industrial market sets new records in H1, says Cushman & Wakefield Echinox

Industrial July 27, 2017 15:22 0 comments

A record level of over 300,000 sqm of logistics and industrial space was leased in the first semester of 2017, according to data from real estate consultancy Cushman & Wakefield Echinox. “The local industrial and…more »

"supermarket shelf"

Romanian authorities urge the EU to address “double standards” in food labelling

Retail & FMCG July 27, 2017 11:26 0 comments

Romanian authorities say the EU needs to address the issue of “double standards” in food labeling for products sold throughout the Union under the same label after having recently issued a report into the matter.…more »

176,000 sqm of office space leased in H1 in Bucharest, says CBRE

Offices July 26, 2017 16:09 0 comments

Some 176,000 sqm of office space was leased this first semester in Bucharest, 62 percent of which was the take-up (which excludes renewal and renegotiation transactions, according to data from real estate consultancy CBRE Romania.…more »

Romania posts steepest constructions drop in the EU this May, says Eurostat

Constructions July 20, 2017 10:21 0 comments

Production in construction dropped by 16.7 percent in Romania this May compared to the same month a year ago, according to data from Eurostat, the statistical office of the European Union. Overall Romania posted the…more »

Greenfield_Impact_Romania

Impact buys EUR 10.6 mln plot of land for residential project in northern Bucharest

Residential July 18, 2017 15:52 0 comments

Real estate company Impact Developer & Contractor has bought a 22,000 sqm plot of land in the Domenii area of Bucharest for EUR 10.6 million (VAT not included), the company has announced. The land will…more »

Romania’s office take-up falls slightly to 185,000 sqm in H1, says JLL Romania

Offices July 17, 2017 14:27 0 comments

A total of some 185,000 sqm of office space was leased in the first six months of this year in Bucharest, slightly below the 192,000 sqm reported during the same time period a year ago,…more »

ASF gives Globalworth the green light for listing EUR 550 mln bond on the BVB

Finance July 14, 2017 15:10 0 comments

The Romanian Financial Surveillance Authority (ASF) has given real estate investment fund Globalworth the green light to list its EUR 550 million bond issue on the Bucharest Stock Exchange (BVB) although representatives have said they…more »

Happy Tour CEO: 2017 could be a turning point for Romania’s travel market

Tourism July 13, 2017 11:23 0 comments BR Exclusive

2017 could be a turning point for the local travel market should it manage to take full advantage of the favorable context, Javier Garcia del Valle, CEO of travel group Happy Tour, tells BR.  …more »

Interview. Affan Yildirim: Anchor Grup to complete new residential project in Bucharest by end-2018

Residential July 11, 2017 14:04 0 comments BR Exclusive

Affan Yildirim, general manager of Anchor Grup, talks to BR about the company’s plans to expand its footprint into Bucharest’s residential segment this year and his outlook on the local real estate market through to…more »

Analysis. Office interior design in Romania goes green, chills out

Offices July 10, 2017 14:00 0 comments BR Exclusive

The office is increasingly becoming a tool for attracting and retaining valuable employees as well as conveying company identity. But how exactly are local firms using interior design to reach these goals and what new…more »

Analysis. Coming soon to an office near you | Future of working in Romania

Offices June 07, 2017 09:15 0 comments BR Exclusive

Looking at how companies are innovating their office buildings in more mature markets offers clues about how people might work in a not-so-distant future in Romania, as well. By Simona Bazavan Back in the 1990s,…more »

"earthquake romania"

Safety tips: How to best react during an earthquake

News June 02, 2017 10:03 0 comments

Keeping calm during an earthquake is crucial and yet for many this may be hardest to achieve, according Ion Benea, a former antiterrorist officer. The good news is that this skill can be trained, he…more »

#countryfocus | Brexit unlikely to deter British companies from investing in Romania

Country Investment Reviews June 01, 2017 09:00 0 comments BR Exclusive

Real estate, the food and drink industry and retail are three of the sectors most likely to see new investments this year, including from British companies.  Simona Bazavan With Brexit negotiations scheduled to start this…more »

Cosmopolis developer sells 10 percent more housing units in first five months

News May 31, 2017 07:07 0 comments

Opus Land Residential Development, the developer behind the Cosmopolis residential project in Bucharest, has sold 258 housing units in the first five months of this year which is up by 10 percent y-o-y compared to…more »

EBRD

EBRD upgrades growth forecast for Romania to 4 pct for 2017

Finance May 10, 2017 16:48 0 comments

The European Bank for Reconstruction and Development (EBRD) has upgraded its economic growth forecast for Romania to 4 percent for 2017, up from the 3.7 percent level it was forecasting in November last year. In…more »