OFFICE
The average office fit-out costs went up by around 20-30% in 2022, amid rising prices, supply chain disruptions, higher commodities and materials’ costs, but also due to the increased labor cost, data from Cushman & Wakefield Echinox showed. The real estate consultancy company says that companies incurred average expenses of €820 per sq. m of office space, with fit-out costs in Romania remaining among the lowest in the Central and Eastern Europe.
HOTEL
SIF Oltenia sells its 29% ownership stake in hotel company Turism Felix, owner of Baile Felix resort tourism compound, according to the Bucharest Stock Exchange which registered Wednesday afternoon (March 29) a Deals transaction with 143.75 million shares.
LOGISTICS
CTP, Europe’s largest listed owner, developer and manager of high quality industrial and logistics real estate by gross lettable area, has acquired an industrial portfolio of warehouses totalling over 100,000 sqm in Romania from French FM Logistic, a leading supply chain services company operating across Europe, which will continue as a CTP tenant for the long term.
