Romanian Real Estate News – Monday 24/10/2022

Romanian Real Estate News

OFFICE

The office market is going through a period of stagnation, according to JLL Romania. Net demand, which contributes to the increase in occupied stock, was 22,300 m² in Q3, down almost 40% compared to the previous quarter (36,700 m²).

TAXES

Chamber of Deputies Speaker, Social Democrat leader Marcel Ciolacu said on Monday that a set of proposals regarding local taxes and fees will be tabled to the responsible minister for discussion, hinting that high-end homes might be taxed more, Agerpres reported.

COMPANIES

-Belgium’s WDP, a major company engaged in the logistics for warehouse rentals including in Romania, says it wants to secure its territory in eastern Europe and plans to reach 2 million square meters in the coming years, Ziarul Financiar reported on Monday (Oct. 24).

-Globalworth, the leading office investor in Central and Eastern Europe (CEE), announced the appointment of Dennis Selinas as the new CEO of the Group. Selinas is joining the Company as an executive director with effect from 21 November 2022 and will take over as CEO of Globalworth from 1 January 2023.

ARCHITECTURE
The only house in the Medieval Citadel of Sighisoara that strikes a discordant note with the architecture of the burgh, being built in a mixture of styles in which Art Nouveau prevails, reveals the life of a great entomologist recognized at European level, Karl Robert Petri (1852-1932), Agerpres reported on Monday (Oct. 24).

CONSTRUCTION
Environmental NGO WWF Romania opened in the Armenis area of Caras-Severin Romania’s most forested county, the WeWilder Campus, the first rural hub built entirely of wood with the help of state-of-the-art technologies.