Encouraged by stable economic environment and growth potential, the real estate market has gained momentum and transaction volumes will be close to Euro 800 million by the end of the year.
Aberdeen Asset Management Deutschland AG reached agreement to sell Auchan Titan Shopping Center in Bucharest to New Europe Property Investments (NEPI). Aberdeen was advised by Colliers International and law firm Biris Goran in the transaction.
Colliers Romania advised AFI Park 3 that received the LEED Gold certification under the LEED for Core & Shell Rating System for Green Buildings, becoming the third office building in AFI Park to obtain such high qualification. Colliers International advised all three office buildings in AFI Park in the certification process.
Colliers International was named by the Green Building Certification Institute as an LEED® Proven Provider™ for the LEED EB:O+M rating system (Leadership in Energy & Environmental Design, Existing Buildings Operations and Maintenance). Colliers International is the only LEED® Proven Provider™ consultant in Romania having already 12 certified projects, while a further 10 are undergoing the green certification process with the support of Colliers. This designation demonstrates the consistent excellence for LEED certifications managed by Colliers International.
Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) today announced the appointment of Jay S. Hennick as Chairman and Chief Executive Officer and Dylan Taylor as President and Chief Operating Officer. These appointments follow the resignation of current CEO Douglas Frye.
Colliers International Group Inc. (Nasdaq:CIGI) (TSX:CIG) and FirstService Corporation (Nasdaq:FSV) and (TSX:FSV) today announced the completion of their separation into two independent, publicly traded companies – Colliers International Group Inc. ("Colliers") and new FirstService Corporation ("FirstService"). Colliers's shares are expected to begin trading on The NASDAQ Stock Market ("NASDAQ") under symbol CIGI and the Toronto Stock Exchange ("TSX") under symbol CIG on June 2, 2015. The spinoff establishes Colliers' place as one of the leading publicly traded commercial real estate firms in the world.
Bucharest, February 19, 2015 – The transactional activity saw a 4-fold increase last year, investment volumes totalling €1.2 billion in Romania, while on the leasing segment, the net take-up – the main indicator for a healthy market growth – increased with circa 30%. Macroeconomic indicators support this positive vibe, as the 7% increase in consumption translated into retail sales up to 20% higher. There are increasing signs that 2015 will mark also the comeback of the industrial segment – a trend that was evident in last year’s numerous landmark investment deals and is expected to grow, based on rising demand for industrial spaces in the countryside and significant interest for new developments.
Bucharest, February 17th, 2015 – Colliers International, the leading real estate consultancy company on the corporate segment in Romania, launches a new service line, dedicated to the green certification of interior spaces under the LEED Commercial Interiors rating system. This is a new certification advisory service that addresses in particular the sustainability needs of office buildings occupiers in Romania, thus marking a new milestone in the maturity of the local real estate market.
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