Major investments in public infrastructure, key to a swift recovery and long-term economic development and welfare.This crisis could be the engine for innovation and positive change.
While the current situation imposed by the COVID-19 pandemic has delayed various investments, CBRE’s Building Consultancy team, leader in the real estate consultancy market, continues to manage ongoing projects of over 80 million euro invested in the medical, production and IT&C fields in different areas of Romania.
Reff & Associates, the law firm representing Deloitte Legal global network in Romania, provided legal assistance to the Dutch financial holding Forum Serdika, owned by the British investment fund East Balkan Properties plc, in the sale of its industrial park Equest Logistic to CTP, the real estate developer and long-term manager of industrial and logistics parks in Romania and Central and Eastern Europe. The transaction was signed in March 2020 for a value of approximately EUR 30 million
Protecting office, production and logistics spaces and those working in these spaces is important. In this period of increased risk, here are some recommendations that you should consider to prevent the spread of viruses and bacteria in areas still in operation:
The mergers and acquisitions market (M&A) recorded 19 transactions in Romania in the first quarter of the year, four more compared to the same period in 2019. According to Deloitte’s estimates, the total value of the market, including transactions whose values were not disclosed, was between EUR 600 and 750 million in Q1 2020 (EUR 200-300 million in Q1 2019), while the disclosed transactions accounted for EUR 337 million (EUR 120 million in Q1 2019).
In the last days, forced by the circumstances, more and more companies have turned to the work from home alternative or have suspended of their activity until the crisis generated by the infection with the new coronavirus is overcome. As a result, numerous office spaces, entire buildings, commercial spaces, restaurants and so on, have been closed suddenly and the facility maintenance activity has been also suspended.
Coronavirus was first detected in China in December 2019. To date, unfortunately, over 170,000 diseases have been reported globally, and the number of deaths exceeds 6,500 at this time.
The increase in the number of coronavirus cases in Romania has led the members of the government to declare a state of emergency at the national level starting with 16 March 2020. However, some spaces will remain in use. That is why it is of interest for landlords and tenants to know what measures are important and necessary in the management of facilities during this period.
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