Activ Property Services has become the affiliated office of GVA Worldwide in Romania starting with the 1st of January 2018. The partnership marks GVA Worldwide’s strategy to strengthen the network in the wider European markets.
ACTIV Property Services brokered the lease of a 600 sq m retail space to Diego, located in „Mega Mobila Mall”, the new furniture and home improvements center in Brasov.
If in the last 10 years the northern area has concentrated 62% of new office supplies, the situation is about to change due to overcrowding and the start of major projects in the West. Of the 382,800 m2 of offices currently under construction, 200,000 m2 (52%) are located in the west of Bucharest, in the Grozăveşti and Polytechnic areas. The core area accounts for 28% of the stock under construction, while the northern one accounts for only 20% of the announced deliveries for 2017-2018.
Timisoara industrial market has recorded a new excellent year in 2016 following a 36% year/year growth in the volume of major leases that reached 72,000 sq m. This is the 2nd highest volume of annual take-up after the 2014 record of 90,000 sq m.