“We’ve noticed a rise in demand for office space in Timisoara and Cluj in the past two years, which has grown even stronger in the past six months. We are seeing already existing companies expanding and new players emerging that were not on the market a year ago,” Ovidiu Sandor, chief executive officer of real estate developer ModaTim Investment Timisoara said.
“There’s also a trend to upgrade the office space companies use. They want to give their employees a better working environment and we are seeing it at both small and multinational companies.”
The projects Sandor developed include The Office in Cluj-Napoca (a partnership with NEPI), which attracted tenants like Leoni, Yardi, Deloitte and MOL.
He attended the ‘Capitalul privat romanesc – o sansa pentru dezvoltarea economica a Romaniei’ (‘Romanian capital – a chance for Romania’s economic development’) conference organized by ZF and Banca Transilvania in Timisoara. The next stop of this ZF project is Iasi on May 12, with more cities to be added later.
Ovidiu Sandor also believes that the authorities to should support people’s relocation from cities without investors to low unemployment areas, where companies need employees.
(English version by Loredana Fratila-Cristescu)