Category: Construction/Real Estate

CBRE advises CA Immo on the sale of its Romanian office platform  in the biggest commercial transaction in Romania

CBRE advises CA Immo on the sale of its Romanian office platform in the biggest commercial transaction in Romania

Global real estate advisor, CBRE, has advised CA Immo on the sale of its Romanian office platform to Pavăl Holding. The portfolio is comprised of seven high-quality office properties located in Bucharest, as well as the highly experienced Romanian management team. Its acquisition makes Pavăl Holding the city’s second-largest office landlord. “We are very happy to see that the Romanian […]

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CBRE: 10 High-Impact Moves to Reduce Total Cost of Occupancy

CBRE: 10 High-Impact Moves to Reduce Total Cost of Occupancy

In the current economic context, marked by rising inflation, low sources of capital, but also by multiple business challenges, CBRE specialists come up with recommendations and suggest companies 10 initiatives to reduce expenses/costs with office spaces. “We are living through a challenging economic period, marked by uncertainty and an increasing cost of living. Beside the impact of inflation felt at […]

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CBRE: Workplace management and change management processes, increasingly demanded by multinational companies

CBRE: Workplace management and change management processes, increasingly demanded by multinational companies

The new working trends are not new anymore. Office as a destination, hybrid work, social offices, tech for inclusive set-ups and ESG requirements have identified themselves as stable trends and have a significant impact in the workplace and change management processes that majority of companies go through nowadays, according to CBRE Romania, the leader of the real estate consultancy market. […]

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CBRE: Office vacancy is at a record high, amid a shortage of new office buildings

CBRE: Office vacancy is at a record high, amid a shortage of new office buildings

At the end of the third quarter of 2022, Bucharest modern office stock reached 3.30 mln. sq m, registering only 5 office projects delivered in the first nine months of this year. By the end of the current year, just one additional project is estimated to be completed, making 2022 a particularly record year, with the lowest number of office […]

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CBRE: With 25,000 sq m lettable area and almost 60% corporate clients, the self storage market is a new go to in Romania

CBRE: With 25,000 sq m lettable area and almost 60% corporate clients, the self storage market is a new go to in Romania

The Romanian self storage market has identified itself as a stable market reaching 25,000 rentable sq m in 2022, which represents 0.2% share of total Europe area, according to the European Self Storage Industry research special report, launched by CBRE, the leader of the real estate consultancy market. As of 31 March 2022, 43% of the lettable area is occupied, […]

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Anchor Grup announces impressive sales for Select Residences in only two months after the launch of the project sales

Anchor Grup announces impressive sales for Select Residences in only two months after the launch of the project sales

Anchor Grup, one of the top players on the real estate market in Romania, with 25 years of experience, announces that Select Residences, its newest premium residential complex in the company’s portfolio, has reached a pre-contracting rate of 40%, in only two months after the launch of the project sales. The construction of the project has already started, and it […]

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Color Smart Distribution is investing more than half a million euro for expansion in 2022

Color Smart Distribution is investing more than half a million euro for expansion in 2022

The Romanian company Color Smart Distribution, the only importer and distributor in Romania and the Republic of Moldova of the premium brands Novacolor and Pittsburgh Paints, has budgeted in 2022 an investment of over 500,000 euro, for expansion. In addition, the company allocates 3-5% of its annual revenues for sales support materials, and a significant part of the budget goes […]

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Wipro, the new tenant of Globalworth Square

Wipro, the new tenant of Globalworth Square

Globalworth, the leading office investor in Central and Eastern Europe (CEE) and the leader of the Romanian office market, announces the signing of a lease contract for Globalworth Square. Wipro, a leading global information technology, consulting and business process services company, will become the main tenant of the most technologically advanced office building in the Globalworth portfolio. The leasing transaction […]

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