BREC Talks to Adrian Untaru, Co-Founder, ADNBA
5 July 2018 • Real estate"We have many small developers that don’t allow the risk to get out of a pattern and, in this way, we have an excess of similar products. The demand for new homes is high, whatever there is on the market is being sold and we produce what has been sold."
Iconic former US embassy residence could fetch EUR 5,5 million at auction
5 July 2018 • NewsKnown for 70 years as the headquarters of the United States Embassy in Romania, the Maurice Blank palace in Bucharest’s Tudor Arghezi Street no. 9 will be auctioned by Artmark Historical Estate. The starting price is EUR 5,500,000.
Colliers International advised on the sale of Maestro Business Center office building
2 July 2018 • Real estateColliers International Romania advised on the sale of Maestro Business Center office building in Cluj-Napoca, one of Romania’s most important regional cities. The acquisition made by First Property Group, a UK investment fund, favors the opening of a new investment market in Cluj-Napoca.
Romania pays by far the highest interest rates in the EU, and the situation worsens every month
2 July 2018 • NewsRomania’s government, companies and citizens pay at this moment by far the highest interest rates among the 28 European Union member states, and the interest payment burden worsens every months, official data shows.
BREC Talks to Laurențiu Lazăr Managing Partner & Director Investment Services, Colliers Romania
2 July 2018 • Real estate"Romania has been historically a market searched by speculative investors, but we can notice this trend changing. We can see a stronger interest from institutional investors, which look for large buildings and excellent tenants."
For sale 14.866 m2 land for development with PUZ in Otopeni 23 August Ilfov Romania
29 June 2018 • Real estateFor sale 15.000m2 land for development in Otopeni 23 August. The land situated in the North of Bucharest, in Otopeni. area 23 August Suitable for a residential development because of the ongoing development and the demand for quality housing for this specific area. According to PUZ the parameters are: POT 40%, CUT 1,4 , S+P+2+M, 10 meters at the cornice. The land has easy access from the DN1 and Bucharest ring road
SHAPING A NEW ERA OF CAPITAL DEVELOPMENT IN SOUTHEAST EUROPE
26 June 2018 • NewsIn the midst of a new stage of development for Southeast European (SEE) cities, with ever positive prospects, new local & regional capital emerging and large international platforms having made major steps in the region, BUCHAREST REAL ESTATE CLUB has been set – up to foster cross-regional business development, facilitate valuable connections building and impactful deals origination.
Globalworth invests USD 10 million in creative co-working spaces company Mindspace and brings it to its Bucharest office buildings
26 June 2018 • Real estateThe office investor Globalworth has signed a lease agreement with Mindspace, company specialized in creating creative co-working spaces. The company will open its first locations in Romania in three of the Globalworth buildings on an area of approximately 12,000 square meters of the Globalworth Campus, City Offices and Bucharest Tower Center in Bucharest.
Bucharest: Real Estate used as engaging Marketing tool
26 June 2018 • Real estateOccasionally used up to now on the local retail market, “the pop-up shop” concept gained ground in 2017, with new, innovative implementations. In a crowded media context, brands look for new ways to interact with their consumers and promote product launches. Despite a growing e-commerce industry, emotions are the main driver of loyalty and that is why the “pop-up shop” concept creates great opportunities for brands.
Available for rent 535m2 in recently finished Class A office building Grozavesti Bucharest
28 June 2018 • Real estate535m2 Modern Class A office space available for rent in the Grozavesti area. The space is located on the first floor.
How to Import Your Household Belongings and Vehicle into Romania
22 June 2018 • NewsRomania is a beautiful country and despite its current status as a developing nation, Romania's capital city of Bucharest is recognized as a hub of commerce and culture within the European Union (EU).
An investment of over 1 billion euros for a new terminal at Otopeni Airport
23 June 2018 • NewsHenri Coanda-Bucharest International Airport could have a new passenger terminal, part of a large development project that will include a platform, runway system, access roads, parking lots and buildings, estimated at 4.75 billion ROL (over 1 billion euros).
A highway to connect Moldavia and Transylvania is needed, World Bank representative says
23 June 2018 • NewsTatiana Proskuryakova, World Bank country manager for Romania and Hungary, has posted on her blog an analysis about her recent visits in our country. She mentions the main challenges Romania is facing on the way to complete reforms. Her visits included the cities of Iasi, Timisoara, Dej, Constanta, Caransebes, Alexandria and others.
Globalworth starts the construction of the last phase of Globalworth Campus
21 June 2018 • Real estateGlobalworth, the leading office investor in Central and Eastern Europe (CEE), starts the construction of the last phase of Globalworth Campus complex, Tower 3 building, with a total leasable area of 35,000 sqm.
Where is Romania in the world? On the same level with Brazil and Mexico, 10 years behind Poland
18 June 2018 • NewsRomania managed to catch up with the economies of Brazil and Mexico during the last 25 years, but still lags behind other Central and Eastern European countries in terms of real development, World Bank experts say. According to analysts, Romania’s growth rate between 1992 and 2016 was 1 percent higher than the average for upper middle-income countries and more than three times the rate for the EU and developed countries.
Developer AFI Europe announces new CEO for Romania
18 June 2018 • Real estateIsraeli group AFI Europe, one of the biggest real estate developers and investors in Romania, appointed Doron Klein as CEO of its local subsidiary, starting July.
British investor puts EUR 30 mln in new mall in Northern Bucharest
19 June 2018 • Real estateNova Imobiliare, the company that owns the Colosseum retail park in Northern Bucharest, will invest some EUR 30 million in expanding the project with a mall.
Unirii View, the tallest modern building in the centre of Bucharest, takes shape
11 June 2018 • Real estateUnirii View, a project which will be the tallest modern office building in downtown Bucharest, is taking shape. Construction works are advancing in a sustained rhythm and the building will dominate the outline of the ultra-central area of Bucharest, reaching the 11th floor and a height of 45 meters at the beginning of next month.
Short guide to Bucharest’s public transport, taxis and car sharing services
12 June 2018 • NewsIt is well known that the Romanian capital is among the world’s cities with the most congested traffic. So what other choices are there for those days when driving doesn’t seem to be an option or for those moments when you just don’t feel like driving? How can you get around Bucharest when you are in the city for just a few days? We’ve made a list of options, which includes buses and trams, the subway, taxis, and ride sharing services such as Uber and Taxify, as well as all you need to know about them.
British School of Bucharest invites you to explore the world at Summer School 2018!
13 June 2018 • NewsBritish School of Bucharest (BSB) will start its summer school program on 2nd July, open to all children aged between 4 and 15, no matter what school they are currently attending.
Bucharest for kids: fun things to do for everyone 30 May 2018 by Ro Insider
5 June 2018 • NewsWhen it comes to leisure and fun options for children, the Bucharest offer has been diversifying and expanding constantly in recent years. For the weekend, June 1st or simply when it’s time for family time, here are some options to keep the little munchkins entertained.