In the past two months, the Land Agency of Colliers International Romania mediated the sale of three land plots located in Aviatiei area in Bucharest, at the aggregate value of 16 million euro.
Colliers International Romania mediated the leasing transaction in which the local subsidiary of Danish pharmaceutical producer Leo Pharma took a 300 sqm. space in the Lakeview office building, located on Barbu Vacarescu boulevard in Bucharest.
Mega Mall project to be developed by Real 4 You Group in Romania has obtained the building permit which allows the Austrian developer to start construction of the center during the next year. Mega Mall is one of the largest retail projects in Bucharest comprising ca. 70,000 m² of leasable area (please check this)
Average vacancy rate for Bucharest remained stable in the third quarter of 2012, but differences registered between sub-market rates illustrate that competition between office buildings located in central and semi-central areas will increase in the following period – according to Colliers International Romania’s recently published quarterly market update.
Bucharest, September 24th, 2012 – Colliers International Romania succeeded in offering integrated services – office leasing, warehouse leasing and architectural planning – for RADCOM, one of the biggest providers of telecommunication solutions in Romania.
A number of transactions were initiated in the first six months of 2012 but debt markets continued to constrain the investment activity, according to the 2012 Mid-Year Research and Forecast Report recently published by Colliers International in Romania. A continuing yield gap persisted on the market by up to 50 bps (0,5%) in negotiations for prime products but the gap showed evidence of reducing and, as a result, several deals are scheduled to close in the next 6 months.
Approximately 130,000 m2 of office space are actively under construction and expected to be delivered in the following 18 months in Bucharest, according to the 2012 Mid-Year Research and Forecast Report recently published by Colliers International in Romania.
The Property Management Services team of Colliers International Romania ended the first half of 2012 with a 100% increase of its portfolio, reflected in a double number of projects compared to the end of 2011.
Ana Tower, a Class A office building developed by GTC Romania in partnership with Ana Holding, has successfully finalized the first phase of the green certification process by obtaining LEED Gold Core &Shell Precertification. Colliers International advises in the certification process.
Colliers International took home the awards in three categories at the 2012 CEE Quality Awards gala. The jury awarded Colliers International: Industrial Agency of the Year, Office Agency of the Year and Property Management Company of the Year.
The Valuation and Advisory Services team of Colliers International Romania accomplished the appraisal of 7 billion euros worth-of real estate properties in 2011, representing a 10% increase compared to 2010.
Total market activity mediated by real estate agents in 2011 reached more than 76,000 m2 in Bucharest, out of which a third represented renewals and renegotiations, according to a recent study of Colliers International. With nearly 35,000 m2 of leases mediated throughout the past year, the Industrial Office Agency of Colliers International Romania reached a market share of more than 70% in Bucharest, consolidating its position as leader of the class A industrial market.
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