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 times like these, we rediscover the virtues of cooperation, trust, and mutual responsibility as a society. While rationality and pragmatism must prevail, we must never forget to be compassionate with each other, in times when social distancing becomes the norm.
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.
What global economic, social and cultural forces shape the future of the facility management industry? Let's look at the issues we need to consider to ensure business success in the medium and long term. For managers and decision makers in many industries it is relevant to know the main trends in the field of facilities management.
The stock of industrial and logistics spaces in the local market has exceeded the 4 million square meter threshold, 90% of the total stock being concentrated in eight large cities from the southern, central and western parts of Romania, according to the Romania Industrial & Logistics Market report, made by the Cushman & Wakefield Echinox real estate consulting company.
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