88 articles
Liviu Tudor: “Developers in Romania have adopted efficiency and sustainability as a form of development”
1. What could you tell us about the particularities of Romania’s real estate market and its development? Liviu Tudor: In previous years, the Romanian commercial property market has registered a significant development in the office, industrial and residential segments. The demand saw a record high for Bucharest in 2016 given the economic growth and development… Read more
West Gate will host Alpha Bank until 2026
West Gate office park, owned by Genesis Property, extends the lease agreement with ALPHA BANK by the end of 2026. ALPHA BANK started its activity in West Gate in 2008 and currently occupies 7,700 square meters in the office park from the west side of the city. “ALPHA BANK is a very important tenant of… Read more
West Gate Business Park adds additional 4.000 sqm to the contract signed with SG EBS
West Gate Business Park, located on the western side of Bucharest and owned by Genesis Development, adds additional 4000 sqm to the existing lease contract with Societe Generale European Business Services. „Taking into consideration that in 2017 the M&A market is estimated to grow with 200.000 sqm additional office space, the fact that a company… Read more
West Gate business park signs for more office spaces and an extension of the contract with Société Générale
West Gate business park, situated in the West of the Capital, owned by Genesis Development, signs the fourth expansion of Société Générale European Business Services in H2 building. Currently, SG EBS – owned by the French multinational banking and financial services group Société Générale – uses 7,600 sq m office spaces in West Gate, the… Read more
Romanian investor: Office developers should be more cautious
The office building developers should be more cautious when it comes to buying plots for new projects, as the market currently has an oversupply that could put pressure on prices, said Liviu Tudor, president of Genesis Development, the biggest Romanian office building owner. Companies expect the land prices to go up, based on the macroeconomic… Read more
Consolidation after aggressive expansion for biggest Romanian office owner
Romanian investor Liviu Tudor, one of the biggest property owners in Romania, says he has no new investment plans on the medium term, as he wants to consolidate his business before starting new developments. “In the next five years we are only interested in developing the two business parks in our portfolio, and only if and… Read more
Cererea de dezvoltare nu trebuie să se transforme în relocare. Este nesănătoasă pentru piață
“Cererile pentru spațiile de birouri se transformă ușor în relocări, iar acest lucru nu încurajează o dezvoltare sănătoasă a a pieței. Daca rămân spații de clădiri neocupate este un lucru care azi ne bucură, dar pe termen mediu nu este o decizie pozitivă pentru piață. Ca și dezvoltator sunt încântat, dar mi-ar plăcea o cerere… Read more
Un euro cheltuit în lucrări de construcţii generează alţi trei euro în economie
Piaţa construcţiilor, evaluată la circa 9 miliarde de euro, a dat primele semnale de revenire în prima parte a anului acesta, însă deocamdată jucătorii din acest sector spun că este prea devreme pentru a vorbi despre un reviriment sustenabil, care să pună în mişcare la turaţie maximă motoarele constructorilor sau ale producătorilor. Aceasta este principala… Read more