The increase of VAT to 9% will lead to a price increase, while buyers have a growing interest in green homes, concluded speakers of the residential panel of SEE Property Forum 2023, held in Bucharest recently.
Costin Nistor, Managing Director of Fortim Trusted Advisors, spoke to Property Forum about the real estate agency’s plans for 2023, the outlook for the regional real estate market and the growing role of the ESG agenda for the office and soon the residential sector.
Office leasing in Bucharest totaled 128,915 sqm in the second quarter of 2023, up 48% compared to the same period of last year, driven by large deals closed by retail, financial and technology firms, according to a report by Fortim Trusted Advisors, a member of BNP Paribas Real Estate Alliance.
Demand for new offices in Bucharest rose by 13% in 2022 compared to the previous year, with 332,922 sqm of spaces leased in the city during the past year, according to real estate consultancy Fortim Trusted Advisors.
Costin Nistor, Managing Director of Fortim Trusted Advisors, member of the BNP Paribas Real Estate Alliance, detailed for Property Forum the real estate consultancy’s development plans for this year, also talking about the segments that will propel the investment market to over €1 billion in 2022.
Fortim, a member of the BNP Paribas Real Estate Alliance, has expanded its property management portfolio with the office project Maestro Center in Cluj-Napoca and Tureni Industrial Park in Cluj County.
The District Labour Inspectorate in Gdańsk will move its headquarters to the Palio Office Park B office building located on the site of the Gdańsk Shipyard. The institution will rent more than 1.7 thousand sqm on two floors in the facility.
Societe Generale Branch in Poland and SG Equipment Leasing Poland, companies belonging to the French financial group Societe Generale, are moving into the Studio complex by Skanska in Warsaw. Both companies will occupy offices in Building B on ul. Łucka. They will be the first of four tenants in the office building completed in Q4 2023. In total, Skanska's investment offers 16,400 sqm of office space, which is now fully leased.
Warsaw-based team Nrep and Urban Partners has moved to new premises in the Metropolitan office building at 3 Pilsudski Square.
Aleksander Loster has been appointed as Director in Savills Poland investment team, headed by Mark Richardson since 2023. In his new role, he will be responsible for working with international investment funds during the sale and acquisition of retail, industrial, warehouse and alternative assets.
Piotr Wilewski joined Walter Herz Investment Advisory Department as Land Acquisition Manager. He is responsible for acquiring land projects, preparing analyses of investment potential and searching for ways to build real estate value.
GTC Group appoints two people to head up its shopping centres in Poland Anna Borecka will take over as director of Galeria Jurajska in Kraków. Meanwhile, Marek Ciszewski will take the helm at Galeria Północna in Warsaw.
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