Colliers takes over management of Victoria Center in Bucharest

Business Forum
Colliers has announced that its property management division is set to manage the Victoria Center office building in Bucharest, which has recently been purchased by Solida Capital Europe.

This move strengthens Colliers' partnership with Solida Capital Europe, the recent acquirer of the property, and signifies a major development in their collaboration within the Romanian real estate market.

Victoria Center has a leasable area of 8,600 sqm of modern and holds a BREEAM In-Use Excellent certification. 

The building currently hosts a diverse range of tenants from sectors including IT, legal, financial services, and diplomacy.

Colliers Romania's property management division manages around 660,000 sqm of real estate across major Romanian cities, with an annual service charge budget of approximately €30 million.

RECOMMENDED
Mondo Development takes over management of Nexus in Bucharest
Real estate

Mondo Development takes over management of Nexus in Bucharest

The Nexus office campus in Bucharest's Expoziției area, formerly known as @expo, has entered a new stage of development following its acquisition by Equora Capital and Synergy Group. The campus is now managed by Mondo Development, a real estate firm with a portfolio across several European markets.

BuildGreen secures BREEAM Excellent for 982 flats in Bucharest
Real estate

BuildGreen secures BREEAM Excellent for 982 flats in Bucharest

BuildGreen has secured BREEAM Excellent certification for 12 residential buildings within Greenfield Băneasa, a development by Impact Developer & Contractor in northern Bucharest. Issued by BRE Global, the certification covers 982 apartments across Phases 1, 2, 3, and 5 of UTR3 (Teilor District), encompassing 62,706 sqm of net internal floor area and more than 96,999 sqm of gross internal floor area. The scale of the project places it among the largest BREEAM-certified residential developments in Romania.

Genesis Property secures BREEAM Outstanding across Bucharest park
Real estate

Genesis Property secures BREEAM Outstanding across Bucharest park

All five office buildings at West Gate Business District in Bucharest, covering a total assessed area of more than 94,000 sqm, have received a BREEAM In-Use Outstanding rating, the highest level under the international standard for assessing the performance of existing buildings under real operating conditions. The park is owned and managed by Genesis Property.

What the surge in technical services demand means for property investments in 2026
Real estate

What the surge in technical services demand means for property investments in 2026

Andrei Ianculescu, Head of Project & Development Services at Cushman & Wakefield Echinox, talked to Property Forum about the expansion of design and ESG advisory services, the industrial and logistics sector's growth post-Schengen, and the importance of independent project management for tenant fit-outs. Ianculescu also emphasised the potential in secondary cities and the increasing relevance of aligning projects with sustainability standards.

America House earns accessibility gold certification
Real estate

America House earns accessibility gold certification

America House has received Access4You Gold certification for its accessibility facilities, reinforcing its commitment to inclusive design and barrier-free access. The certification confirms standards to accommodate individuals with locomotor disabilities, including wheelchair users, elderly individuals, people with reduced mobility, and visitors with strollers, as well as access for blind and hearing-impaired visitors.

RECOMMENDED FROM THE HOME PAGE
Bucharest yields remain well above Western European levels
Real estate

Bucharest yields remain well above Western European levels

Bucharest is consolidating its position within the Central and Eastern European (CEE) real estate market, combining rental growth across major asset classes with investment yields that remain well above Western European levels, according to the DNA of Real Estate Europe Q2 2026 report published by Cushman & Wakefield. Across Europe in Q2 2026, prime office rents rose 4.5% year-on-year, retail rents increased 3.0%, and logistics rents grew 2.4%, while investors remained selective as yield movements pointed to a more balanced market following the repricing cycle of recent years.

Energy

Electrica secures grid permits for 700 MWh of storage

Energy company Electrica informs investors and the capital market that it has obtained the technical grid connection permits (ATR) for 17 new battery energy storage projects (BESS), with a total capacity of approximately 700 MWh.

Energy

Romanian grid operator to support peak power consumption during heatwave

Romania's national electricity transmission network operator, Transelectrica, has halted scheduled maintenance shutdowns to ensure the grid operates at maximum capacity during an ongoing extreme heatwave. The preventive measures aim to mitigate operational risks associated with severe weather conditions.