DOCSLIB.ORG

Romania MARKET Overview Annual Review & Outlook

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Romania MARKET Overview Annual Review & Outlook 2011 Romania MARKET Overview Annual review & outlook Highlights • Activity in the Bucharest office market improved in 2010, as take-up was recorded at 225,000 sq m, an increase of 125% on 2009. Prime office rents were broadly stable during the second half of the year, after falling slightly in the first six months. • The high street segment was the most active in the retail market during 2010. Strong demand for retail space in Bucharest has helped prime high street rents to stabilize, though rents in secondary locations remain under downward pressure. • Vacancy rates in the industrial sector have risen, despite improved demand and limited development completions. Prime industrial rents fell by 10-20% during 2010. • The Romanian investment market experienced a modest recovery in 2010, with approximately €500 million being invested. However, activity remains constrained by difficult access to finance. 2 www.knightfrank.com Contents 1. Office Market 4 2. Retail Market 9 3. Industrial Market 12 4. Land Market 14 5. Investment Market 15 6. Investment Property Accounting and Tax Matters 17 3 2011 Romania MARKET OVERVIEW Annual review & outlook http://knightfrank.com/romania North Point, with 28,000 sq m GLA, developed by Sity International. Exclusive project of The Advisers/Knight Frank In comparison with the previous year, 2010 was characterized by a resurgence of the office market in Bucharest. While there were fewer deliveries of new office space than in 2009, take-up 1. OFFICE improved and 2010 brought an increase of 125% in the amount MARKET of leased space. Supply Over 70% of the space delivered was in the central and semi-central areas, while the In 2010, the Bucharest market saw the periphery registered only 29% of the total. delivery of over 265,000 sq m of new office Considering that in 2009 the periphery space in 24 buildings. This increased accounted for 45% of all deliveries, this the total office stock in the city to almost situation reveals an obvious shift in 1.52 million sq m. developers’ behavior and an increased orientation towards the central and semi-central areas. Figure 1 Evolution of office stock sq m 1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 2006 2007 2008 2009 2010 Source: The Advisers/Knight Frank Total stock New supply 4 www.knightfrank.com Figure 2 New office deliveries by location Peripheral Semicentral Central Central Semi-central Peripheral Source: The Advisers/Knight Frank 68th Polona Business Center, with 10,000 sq m GLA, developed by EEC Invest in the center of Bucharest Besides the already established business After the delivery in 2010 of the first two New office areas, such as Victoriei Square (the main BREEAM certified buildings, Lakeview and supply in business district), Charles de Gaulle Square Euro Tower, an increasing trend within the and the Free Press Square, a new district is market is for properties to become certified as 2010 was developing in the Center-North part of the city. green buildings post construction – or for new concentrated Starting in 2009 with the completion of Calea developments to seek green certifications Floreasca 169A and continuing through 2010 from the beginning of the excavation works. with Lakeview, Euro Tower and Nusco Tower, mainly in While the first half of 2010 saw the overall the Calea Floreasca-Barbu Vacarescu area has vacancy rate remain at a similar level to 2009, central and become a major business hub in Bucharest. at around 19-20%, by the end of the year it Due to its vicinity to Victoriei Square and the semi-central had fallen to 17%. The highest vacancy rates good accessibility towards both the city center are found in the peripheral areas of Bucharest locations of and the two airports, this is one of the most as tenants have relocated to more central and in-demand business areas of the moment. Bucharest accessible locations. Figure 3 Office vacancy rate % 25 20 15 10 5 0 2006 2007 2008 2009 2010 Source: The Advisers/Knight Frank 5 2011 Romania MARKET OVERVIEW Annual review & outlook http://knightfrank.com/romania Bucharest map Peripheral Area Knight Frank Light Blue CMYK: 83, 1, 0, 0 Tunari Forest Light Blue S1 CMYK: 100, 36, 3, 21 Baneasa Light Blue S2 Forest CMYK: 30, 59, 13, 45 Light Blue S3 E60 E60 CMYK: 13, 47, 43, 36 Light Blue S4 Sector 1 CMYK: 8, 23, 52, 17 Semi-Central Sector 2 E60 E85 Sector 6 Sector 3 Central Mill Lake A1 Sector 5 Sector 4 Lake Cernica E85 E60 E81 Lake A2 E70 Vacaresti E70 DN5 DN4 Cornetu Forest 6 www.knightfrank.com Office take-up Table 1 in Bucharest Office take-up by year Year 2008 2009 2010 amounted to Take-up area (sq m) 230,000 100,000 225,000 225,000 sq m Source: The Advisers/Knight Frank in 2010, up by 125% on the Demand the majority of demand was mainly directed towards these two locations, while only 20% previous year Transactions closed during 2010 in Bucharest of the take-up occurred in the periphery. came to a total of approximately 225,000 sq m, This resulted in a large amount of vacant reaching a similar level to 2008. office space in peripheral areas. Compared with 2009, this showed an upward Figure 4 The most active sectors were finance/ trend in the market, bringing a 125% increase Office take-up by transaction type banking/insurance and professional in take-up. During the first half of the year, services, followed by pharmaceuticals Sublease almost 95,000 sq m was leased, while the & healthcare and IT&C. Preleasesecond half accounted for 130,000 sq m. The average transaction size increased by Reneg/Rnew 25% in 2010 compared to 2009, from 1,000 Relocat/Expanto 1,250 sq m. The largest transaction registered in 2010 was the 15,000 sq m pre-lease signed by UniCredit Tiriac Bank in the first half of the year for an office building located on Expozitiei Boulevard. Relocations/expansions Renegotiations/renewals Whereas most of the deals signed in 2008 Pre-leases were new demand, a significant percentage Sub-leases of the transactions closed in 2010 were Source: The Advisers/Knight Frank renegotiations or the renewals of existing contracts (57,000 sq m). Despite the fact that at the beginning of the year a large amount of space contracted prior to the crisis was expected to be subleased, at the end of Figure 5 the year, the subleases accounted for only Office take-up by location 4,500 sq m, while relocations together with Peripheralexpansions totaled 145,000 sq m. SemicentralThe reduced amount of pre-leases – approximately 18,500 sq m – was caused Centralmainly by the difficult economic environment which made most companies uncertain of what the future will bring. Moreover, just as in 2009, during 2010, due to the existing available space on the market, tenants had the power to negotiate with the landlords for better conditions and to relocate without Central waiting 6-18 months to secure a location. Semi-central Due to the more attractive lease terms offered Peripheral by landlords, tenants relocated mainly to the Nusco Tower, with 20,000 sq m GLA, developed by Source: The Advisers/Knight Frank central and semi-central areas. Consequently, Nusco Group in Calea Floreasca/Barbu Vacarescu area 7 2011 Romania MARKET OVERVIEW Annual review & outlook http://knightfrank.com/romania Table 2 Net effective rents (€ per sq m per month) Year Central Semi-Central Peripheral 2009 16-18 14-16 10-12 2010 15-17 13-15 9-11 Source: The Advisers/Knight Frank Forecast who will have the financial power to start speculative projects in 2011 and 2012, or for As no new major projects were commenced those who are able to secure preleases in in the last two years, a limited number of order to obtain financing. buildings will be delivered to the market in 2011. The amount of new space expected this Moreover, during the next two years, demand year is approximately 130,000 sq m, showing will begin to exceed supply and, as a result, a clear decrease compared to 2009 (400,000 landlords with space available in buildings sq m) and 2010 (265,000 sq m). with good technical specifications and accessibility will be able to choose between As a novelty, the first building with a double tenants. The decrease in the available space skin façade and heliport, Crystal Tower, with a available on the market will impact on rental gross leasable surface of 16,200 sq m, will be levels. From the second half of 2011, because delivered in the first half of 2011 in the vicinity Crystal Tower, with 16,200 sq m GLA, developed by of the strong demand and lack of high quality Plaza Development in the center of Bucharest. First of Victoriei Square. Two other large projects space, for the buildings which benefit from office building with double skin façade and heliport will be finished in the far northern part of the good locations, accessibility (especially those city: North Point and Platinum & Convention close to a metro station) and good technical Business Center, with 28,000 sq m and specifications, rents may increase. Rents 38,000 sq m GLA, respectively, both located on National Road 1. Compared to 2009, the first half of 2010 saw Due to both the environmental protection a slight decrease in rents, of around 5% for policies adopted by multinational companies premises located in the central and semi- and the cost efficiency which characterizes central areas and of 15% on the outskirts green buildings, we expect that an increasing of Bucharest.
Load more

Recommended publications
  • RETEA GENERALA 01.07.2021.Cdr
    OTOPENI 780 783 OSTRATU R441 OTOPENI R442 PERIS R443 PISCU R444 GRUIU R446 R447 MICSUNESTII MARI R447B MOARA VLASIEI R448 SITARU 477 GREENFIELD STRAULESTI 204 304 203 204 Aleea PrivighetorilorJOLIE VILLE BANEASA 301 301 301 GREENFIELD 204 BUFTEA R436 PIATA PRESEI 304 131 Str. Jandarmeriei261 304 STRAULESTI Sos. Gh. Ionescu COMPLEX 97 204 205 304 261 Sisesti BANEASA RETEAUA DE TRANSPORT R402 205 131 261 335 BUFTEA GRADISTEA SITARU R402 261 205 R402 R436 Bd. OaspetilorStr. Campinita 361 605 COMPLEX 112 205 261 97 131 261301 COMERCIAL Sos. Bucuresti Ploiesti PUBLIC COLOSSEUM CARTIER 231 Sos. Chitilei Bd. Bucurestii Noi Sos. Straulesti R447 R447B R448 R477 203 335 361 605 780 783 112 R441 R442 R443 R444HENRI R446 COANDA 231 Bd. Aerogarii R402 97 605 231 112 112 CARTIER 112 301 112 DAMAROAIA 131 R436 335 231 Sos. Chitilei R402 24 331R436 CFR Str. Alex. Serbanescu 112 CONSTANTA CARTIER MERII PETCHII R409 112 DRIDU Str. N. Caramfil R402 Bd. Laminorului AUTOBAZA ANDRONACHE 331 65 86 112 135 243 Bd. NORDULUI112 301 382 Bd. Gloriei24 Str. Jiului 605 Sos. 112Pipera 135 Sos. Chitilei Poligrafiei PIATA PLATFORMA Bd. BucurestiiPajurei Noi 231 243 Str. Peris MEZES 780 783 INDUSTRIALA Str. PRESEI Str.Oi 3 45 65 86 331 243 3 45 382 PASAJ Sos. Bucuresti Ploiesti 3 41 243 PIPERA 382 DEPOUL R447 R447BR448 R477 112 231 243 i 65 86 97 243 16 36 COLENTINA 131105 203 205 261203 304 231 261 304 330 135 343 n tuz BUCURESTII NOI a R441 R442 R443 c 21 i CARTIER 605 tr 231R441 361 R442 783 R443 R444 R446 DEPOUL Bd.
    [Show full text]
  • Bucharest Booklet
    Contact: Website: www.eadsociety.com Facebook: www.facebook.com/EADSociety Twitter (@EADSociety): www.twitter.com/EADSociety Instagram: https://www.instagram.com/eadsociety/ Google+: www.google.com/+EADSociety LinkedIn: www.linkedin.com/company/euro-atlantic- diplomacy-society YouTube: www.youtube.com/c/Eadsociety Contents History of Romania ………………………………………………………………………………………………………………………………………………….3 What you can visit in Bucharest ……………………………………………………………………………………………………………………………………..4 Where to Eat or Drink ……………………………………………………………………………………………………………………………………………….8 Night life in Bucharest ……………………………………………………………………………………………………………………………………………….9 Travel in Romania ……………………………………………………………………………………………………………………………………………….....10 Other recommendations …………………………………………………………………………………………………………………………………………….11 BUCHAREST, ROMANIA MIDDLE AGES MODERN ERA Unlike plenty other European capitals, Bucharest does not boast of a For several centuries after the reign of Vlad the Impaler, millenniums-long history. The first historical reference to this city under Bucharest, irrespective of its constantly increasing the name of Bucharest dates back to the Middle Ages, in 1459. chiefdom on the political scene of Wallachia, did undergo The story goes, however, that Bucharest was founded several centuries the Ottoman rule (it was a vassal of the Empire), the earlier, by a controversial and rather legendary character named Bucur Russian occupation, as well as short intermittent periods of (from where the name of the city is said to derive). What is certain is the Hapsburg
    [Show full text]
  • LIST of HOSPITALS, CLINICS and PHYSICIANS with PRIVATE PRACTICE in ROMANIA Updated 04/2017
    LIST OF HOSPITALS, CLINICS AND PHYSICIANS WITH PRIVATE PRACTICE IN ROMANIA Updated 04/2017 DISCLAIMER: The U.S. Embassy Bucharest, Romania assumes no responsibility or liability for the professional ability or reputation of, or the quality of services provided by the medical professionals, medical facilities or air ambulance services whose names appear on the following lists. Names are listed alphabetically, and the order in which they appear has no other significance. Professional credentials and areas of expertise are provided directly by the medical professional, medical facility or air ambulance service. When calling from overseas, please dial the country code for Romania before the telephone number (+4). Please note that 112 is the emergency telephone number that can be dialed free of charge from any telephone or any mobile phone in order to reach emergency services (Ambulances, Fire & Rescue Service and the Police) in Romania as well as other countries of the European Union. We urge you to set up an ICE (In Case of Emergency) contact or note on your mobile phone or other portable electronics (such as Ipods), to enable first responders to get in touch with the person(s) you designated as your emergency contact(s). BUCHAREST Ambulance Services: 112 Private Ambulances SANADOR Ambulance: 021-9699 SOS Ambulance: 021-9761 BIOMEDICA Ambulance: 031-9101 State Hospitals: EMERGENCY HOSPITAL "FLOREASCA" (SPITALUL DE URGENTA "FLOREASCA") Calea Floreasca nr. 8, sector 1, Bucharest 014461 Tel: 021-599-2300 or 021-599-2308, Emergency line: 021-962 Fax: 021-599-2257 E-mail: [email protected] Website: http://www.urgentafloreasca.ro Medical Director: Dr.
    [Show full text]
  • 6. Public Transport
    ROMANIA Reimbursable Advisory Services Agreement on the Bucharest Urban Development Program (P169577) COMPONENT 1. ELABORATION OF BUCHAREST’S IUDS, CAPITAL INVESTMENT PLANNING AND MANAGEMENT Output 3. Urban context and identification of key local issues and needs, and visions and objectives of IUDS and Identification of a long list of projects. A. Rapid assessment of the current situation Section 4. Mobility and Transport March 2021 DISCLAIMER This report is a product of the International Bank for Reconstruction and Development/the World Bank. The findings, interpretations and conclusions expressed in this paper do not necessarily reflect the views of the Executive Directors of the World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. This report does not necessarily represent the position of the European Union or the Romanian Government. COPYRIGHT STATEMENT The material in this publication is copyrighted. Copying and/or transmitting portions of this work without permission may be a violation of applicable laws. For permission to photocopy or reprint any part of this work, please send a request with the complete information to either: (i) the Municipality of Bucharest (47 Regina Elisabeta Blvd., Bucharest, Romania); or (ii) the World Bank Group Romania (Vasile Lascăr Street 31, FL. 6, Sector 2, Bucharest, Romania). This report was delivered in March 20221 under the Reimbursable Advisory Services Agreement on the Bucharest Urban Development Program, concluded between the Municipality of Bucharest and the International Bank for Reconstruction and Development on March 4, 2019. It is part of Output 3 under the above-mentioned agreement – Urban context and identification of key local issues and needs, and visions and objectives of IUDS and Identification of a long list of projects – under Component 1, which refers to the elaboration of Bucharest’s Integrated Urban Development Strategy, Capital Investment Planning and Management.
    [Show full text]
  • Trip #1 Welcome in Bucharest “The City of Joy” 5-6 Hours
    Trip #1 Welcome in Bucharest “The City of Joy” 5-6 hours Meet the English speaking guide in the airport. Half day to discover Bucharest, the capital city of Romania. You’ll visit: Free Press Square, The Arch of Triumph, Victoriei Square, Revolution Square, Romanian Atheneum – The Palace of Parliament – Union Square – University Square – Romana Square – Victoriei Square – Charles de Gaulle Square – Village Museum Once known as the “Little Paris”, Bucharest is a green city with large tree-linen boulevards dominated by many architectural styles, from classical, baroque and French renaissance to Art Deco and modern style. Legend says that the founder of the settlement was a shepherd named Bucur. Visit Parliament House, the second large building of the world after Pentagon. Built by the Communist Party leader, Nicolae Ceausescu, the colossal Parliament Palace (formerly known as the People's Palace) is the second largest administrative building in the world after the Pentagon. It took 20,000 workers and 700 architects to build. The palace boasts 12 stores, 1,100 rooms, a 328-ft-long lobby and four underground levels, including an enormous nuclear bunker. Lunch in a traditional restaurant. Transfer to Sinaia. Price in euro / person: No of persons 1 pax 2 pax 3 pax 4-7 pax 8-12 pax 13-18 pax 19-24 pax 225 € 130 € 105 € 93 € 69 € 58 € 52 € The above price includes: - 1 lunch (3 courses + mineral water) - English speaking guide from arrival till departure - Air-conditioned car (for 1-3 pax), van, minibus or coach for all the above itinerary and program; - Entrance fees to all the above mentioned museums and sites - All Romanian taxes.
    [Show full text]
  • Office for Rent in Beller Office Building Bucharest, Str. Radu Beller 22
    Homepage / B category / Beller Office Building Beller Office Building Bucharest, Str. Radu Beller 22 Office Rental Fee (m2 / month) Available Office Space : 14 €/m2 Rented Service Charge: - Min. Office Space for Rent: - Bucharest, Str. Radu Beller 22 Office Rental Fee (m2 / month) Available Office Space: 14 €/m2 Rented Spatial Data Office Building Category: B category Description Location: Dorobanti, Aviatorilor <p><span lang="EN-GB"><strong>Beller Office Building</strong> is a modern designed office building finished to high standards located in Building Status: Exist Sector 1, near Dorobantilor Square in the north of Romania’s capital, 2 Bucharest.</span></p> Office Space in Total : 499 m <p><span lang="EN-GB">The building has prominent street frontage on Available Office Space : Rented Radu Beller Street and is less than 10 minutes walk from Aviatorilor metro station.</span></p> Rentable Offices : - <p><span lang="EN-GB">Dorobantilor Square is known for its cafes, pubs, fruit &amp; vegetable market and delicatessens. Dorobantilor is strategically located between the established business districts of Min. Office Space for Rent : - lower Pipera, Charles de Gaulle Square, Victoriei Square and in the vicinity of most embassies.</span></p> Add-on Factor: 10 % <p><span lang="EN-GB">Due to its location, the area is well served by a wide range of civic amenities:</span></p> Occupancy Rate: 100% <p><span lang="EN-GB"><strong>Health-care:</strong></span></p> <p><span lang="EN-GB">• public: Floreasca Emergency Hospital, Parhon, Elias, Grigore Alexandrescu;</span></p> <p><span lang="EN-GB">• private: Euroclinic, Biomedica.</span></p> Financial Information <p><span lang="EN-GB"><strong>Hotels:</strong> Howard Jhonson (5 Office Rental Fee: 14 €/m2/month stars) – 3-5 Dorobantilor Way, Green Forum (3 stars) – 19 Pictor Barbu Iscovescu, Hotel Helvetia (3 stars) – 13 Charles de Gaulle Square Service Charge: - etc</span></p> <p><span lang="EN-GB"><strong>Restaurants:</strong> White Horse, La Min.
    [Show full text]
  • EBRD Trade Facilitation Programme Confirming Banks
    EBRD Trade Facilitation Programme Confirming Banks Table of Contents (Click on a country heading to go to that section) Algeria ...................................................................................................................................................... 4 Angola...................................................................................................................................................... 4 Argentina ................................................................................................................................................. 4 Armenia ................................................................................................................................................... 4 Australia ................................................................................................................................................... 4 Austria ...................................................................................................................................................... 5 Azerbaijan ................................................................................................................................................ 6 Bahrain .................................................................................................................................................... 6 Bangladesh .............................................................................................................................................. 6 Belarus....................................................................................................................................................
    [Show full text]
  • Soil Mite Communities (Acari: Mesostigmata) As Indicators of Urban Ecosystems in Bucharest, Romania M
    www.nature.com/scientificreports OPEN Soil mite communities (Acari: Mesostigmata) as indicators of urban ecosystems in Bucharest, Romania M. Manu1,5*, R. I. Băncilă2,3,5, C. C. Bîrsan1, O. Mountford4 & M. Onete1 The aim of the present study was to establish the efect of management type and of environmental variables on the structure, abundance and species richness of soil mites (Acari: Mesostigmata) in twelve urban green areas in Bucharest-Romania. Three categories of ecosystem based upon management type were investigated: protected area, managed (metropolitan, municipal and district parks) and unmanaged urban areas. The environmental variables which were analysed were: soil and air temperature, soil moisture and atmospheric humidity, soil pH and soil penetration resistance. In June 2017, 480 soil samples were taken, using MacFadyen soil core. The same number of measures was made for quantifcation of environmental variables. Considering these, we observed that soil temperature, air temperature, air humidity and soil penetration resistance difered signifcantly between all three types of managed urban green area. All investigated environmental variables, especially soil pH, were signifcantly related to community assemblage. Analysing the entire Mesostigmata community, 68 species were identifed, with 790 individuals and 49 immatures. In order to highlight the response of the soil mite communities to the urban conditions, Shannon, dominance, equitability and soil maturity indices were quantifed. With one exception (numerical abundance), these indices recorded higher values in unmanaged green areas compared to managed ecosystems. The same trend was observed between diferent types of managed green areas, with metropolitan parks having a richer acarological fauna than the municipal or district parks.
    [Show full text]
  • CR Notice of OGSM Update 28 29 .04.2021
    U.C.M. Re şiţa S.A. Sediu Social: : Piata Charles de Gaulle , nr.15,Cladirea Charles de Gaulle Plaza , etaj 3, birou Peles 011857, Sector 1, Bucuresti, Romania Sediu Administrativ: Str. Golului, Nr.1, 320053, Reşiţa, Romania societate in insolventa Tel: +40-(0)255-217111 · Fax: +40-(0)255-223082 in insolvency [email protected] · http://www.ucmr.ro en procedure collective CURRENT REPORT As per Law no. 24/ 2017 and ASF Regulation no. 5/2018 Date of report: 15.04.2021 Name of the issuing trading company: U.C.M. Resita S.A. Registered office: Charles de Gaulle Square No. 15, Charles de Gaulle Plaza Building, 3st Floor, Peles Office, Sector 1, Bucharest Headquarters: Resita, Golului Street, no. 1, 320053, Caras-Severin County Phone: 0255/217111; Fax: 0255/223082 Unique registration code: 1056654 Number at the Trade Register Office Bucharest: J 40/13628/2011 Subscribed and paid-up registered capital: 10,993,390.40 lei The regulated market on which the issued securities are traded: Bucharest Stock Exchange Important events to be reported: completing the agenda convening of the Ordinary General Meeting of Shareholders of UCM Resita S.A. Considering the request of the shareholder ICESA SA to complete the agenda, the Special Trustees of the company U.C.M. Resita S.A. (company in insolvency, en procedure collective) – in compliance with the Order dated 06.12.2011 of the Court Bucharest, Section VII, in the case no. 75017/3/2011), with the registered office located in Bucharest, Charles de Gaulle Square no. 15, Charles de Gaulle Plaza Building, 3st Floor, Peles Office, Sector 1, registered with the Trade Register Bucharest under no.
    [Show full text]
  • Romania Market Overview on the Rise Again
    2014 / 2015 ROMANIA MARKET OVERVIEW ON THE RISE AGAIN HIGHLIGHTS Record demand and pre-leasing Revival of the industrial sector, Highest investment volume volumes put office market in the marked by cca. 70% market growth since 2007 − €1.2 bn spotlight again CONTENTS 03 INTRODUCTION 04 ROMANIAN ECONOMIC OVERVIEW 06 OFFICE MARKET 09 LAND MARKET 10 INVESTMENT MARKET 12 RETAIL MARKET 12 SHOPPING CENTRES 14 HIGH STREET 15 INDUSTRIAL & LOGISTICS MARKET 17 RESIDENTIAL MARKET 19 HOTEL MARKET 21 PROPERTY TAXATION 22 LEGAL ASPECTS ROMANIA MARKET OVERVIEW 2014/2015 INTRODUCTION pre-leasing activity also recorded Bucharest becoming an increasingly a high, triple the volume registered attractive location in the region. in 2013. The next 24 months will Investor demand registered a high see the completion of several large in 2014, resulting in a post-recession developments on the Bucharest record transaction volume of market, mostly speculative. There €1.2 bn. Judging by the number of are reasons to believe that this transactions, the office and retail Romanian market, expected new supply will be sectors were equally preferred by gradually absorbed and will not investors, each attracting seven on the rise again significantly affect the vacancy rates, transactions throughout the year. as pre-leasing activity will strongly However, the retail sector generated the largest share of total transaction The local commercial market continue beyond the first half of 2015. volumes (cca. 40%). Yields are most continues to show signs of strong likely to further contract for the very improvement, especially the office The industrial sector, previously best office and industrial assets. and the industrial sectors, which more resilient to recession, also performed exceptionally well and experienced a remarkable revival recorded double-digit growth in 2014.
    [Show full text]
  • Memoriu De Prezentare
    PARTENERIAT CU NATURA MEMORIU DE PREZENTARE AUTOSTRADA DE CENTURĂ BUCUREŞTI km 0+000 – km 100+900 COMPANIA NAŢIONALĂ DE ADMINISTRARE A INFRASTRUCTURII RUTIERE SA (CNAIR) CNAIR SA Autostrada de Centură Bucureşti Memoriu de prezentare MEMORIU DE PREZENTARE AUTOSTRADA DE CENTURĂ BUCUREŞTI km 0+000 – km 100+900 Colectiv de elaborare (CE): Ing. Răzvan DUMITRU Ing. Alexandra DOBA Geograf Corneliu BUJOR Biolog Cristina RĂDUCANU Ecolog Ionuţ STAMAT Drd. Geograf Dragoş MĂNTOIU MSc. Ecolog Silvia BORLEA Descrierea documentului şi revizii Verificat Rev. nr. Detalii Data Autor Aprobat de Tehnic Calitate 00 Draft intern Mai 2020 CE AD AD - Memoriu de prezentare – AD AD - 01 Iunie 2020 CE versiune draft 02 Memoriu de prezentare Iunie 2020 CE AD AD MN Referinţă document: Memoriu prezentare_Autostrada de Centura Bucuresti_rev02 Lista de distribuţie Rev Destinatar Copia. nr. Format Confidenţialitate CNAIR 1, 2 Printat, Electronic 02 Alsim Alarko 1 Electronic Da EPC Consultanţă de mediu SRL 1 Electronic Verificat: Aprobat: Ing. Alexandra DOBA (AD) Dr. Ecol. Marius NISTORESCU (MN) Director Tehnic, EPC Director General, EPC 2 CNAIR SA Autostrada de Centură Bucureşti Memoriu de prezentare A nu se copia! 3 CNAIR SA Autostrada de Centură Bucureşti Memoriu de prezentare CUPRINS 1 DENUMIREA PROIECTULUI ........................................................................................................... 8 2 TITULARUL PROIECTULUI ............................................................................................................. 8 3 DESCRIEREA CARACTERISTICILOR
    [Show full text]
  • Removal of Zinc Ions Using Hydroxyapatite and Study of Ultrasound Behavior of Aqueous Media
    materials Article Removal of Zinc Ions Using Hydroxyapatite and Study of Ultrasound Behavior of Aqueous Media Simona Liliana Iconaru 1, Mikael Motelica-Heino 2,Régis Guegan 3, Mihai Valentin Predoi 4, Alina Mihaela Prodan 5,6 and Daniela Predoi 1,* 1 National Institute of Materials Physics, Atomistilor Street, No. 405A, P.O. Box MG 07, Magurele 077125, Romania; [email protected] 2 Institut des Sciences de la Terre d’Orléans (ISTO), UMR 7327 CNRS Université d’Orléans, 1A rue de la Férollerie, 45071 Orléans CEDEX 2, France; [email protected] 3 Faculty of Science and Engineering, Global Center for Science and Engineering, Waseda University, 3-4-1, Okubo, Shinjuku-ku, Tokyo 169-8555, Japan; [email protected] 4 Department of Mechanics, University Politehnica of Bucharest, BN 002, 313 Splaiul Independentei, Sector 6, Bucharest 060042, Romania; [email protected] 5 Emergency Hospital Floreasca Bucharest, 8 Calea Floreasca, Sector 1, Bucharest 014461, Romania; [email protected] 6 Carol Davila University of Medicine and Pharmacy, 8 Eroii Sanitari, Sector 5, Bucharest 050474, Romania * Correspondence: [email protected]; Tel.: +40-212418154 Received: 6 June 2018; Accepted: 1 August 2018; Published: 3 August 2018 Abstract: The present study demonstrates the effectiveness of hydroxyapatite nanopowders in the adsorption of zinc in aqueous solutions. The synthesized hydroxyapatites before (HAp) and after the adsorption of zinc (at a concentration of 50 mg/L) in solution (HApD) were characterized using X-ray diffraction (XRD), and scanning and transmission electron microscopy (SEM and TEM, respectively). The effectiveness of hydroxyapatite nanopowders in the adsorption of zinc in aqueous solutions was stressed out through ultrasonic measurements.
    [Show full text]