37 articles

Liviu Tudor: “Developers and landlords 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…
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West Gate Business Park adds additional 4.000 sqm to the contract signed with Societe Generale European Business Services

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…
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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…
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Infineon Technologies agrees record lease at Novo Park

Infineon Technologies Romania, semiconductor developer and manufacturer, signed for seven more years unbreakable with Novo Park, thus reaching a record lease contract that totalizes 19 years. Signed two years before the previous one expired, the extension of the lease contract is valid until 2024. “After the record we registered with Hewlett-Packard, which totalizes 18 years…
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Liviu Tudor

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…
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