Wednesday, July 3, 2013

Office Buildings in Bucharest

It seems that some larger real estate investors have an optimistic view on the future of office spaces in Bucharest, as a result of comparisons with other Central and Eastern European countries, such as Poland. Liviu Tudor, the largest office landlord Romania says that as an investor you have to be present in Romania after aftermath of the real estate crisis. He believes that in this field Romania has an impressive potential.

Liviu Tudor, owner of business parks Novo Park  in Pipera, and West Gate in Militari and projects with an aggregate leasable area of 150,000 square meters, says the skilled and competitive salary levels transform Romania into the main target of investment in the region.

"I think that the crisis must be the investor in Romania as there will be enormous building to do. I think Poland will become increasingly unattractive, while the gap between them and the West has decreased dramatically in comparison to other countries in Eastern Europe. Romania is the next country in size, which I think will follow a new trend of the need for office spaces," he told Mediafax.

Enescu & Cuc Law Firm is specialized in real estate law. We have assisted hundreds of foreign investors in Romania while purchasing and selling property in Romania, as well as renting office space in Bucharest.

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