Making things work: How do we manage Coronavirus risks on construction projects?

Making things work: How do we manage Coronavirus risks on construction projects?

As a construction consultancy company, our job is to make sure that the construction projects we have under coordination are carried out according to the initial plan and on budget, regardless the external factors that may interfere.

We all know that the Coronavirus situation has a great potential to affect the entire economy and the construction market as well, but we strongly believe that with a good organisation and a set of risk management measures we will be able to overcome this difficult period.

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For which green certification is your new construction project designed?

For which green  certification is your new project designed?

Green building and sustainability, one of the biggest 2019’s trends in construction industry sector both in Romania and abroad, remains one of the best real estate practices in 2020 as well.

The implementation of sustainable development norms has become over the years a widespread practice worldwide in the construction and real estate market. Many sophisticated systems were designed in order to reduce energy consumption and to increase occupant comfort for residential, office, retail and industrial buildings all over the world. In this context several sustainability assessment methods for buildings had gain a lot of popularity among real estate developers.

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A close look to the construction labour force in Romania

A close look to the construction labour force in Romania

It is well known that the Romanian Construction market is facing in the last years a crisis in terms of qualified and unqualified workforce. The main causes of this issue stands in low wages, the professionals’ migration to the Western Europe countries where the salary levels in construction are much more higher than in our country and of course, the absence of vocational schools that could form the new generations of construction workers.

In a market experiencing a lack of skilled workforce, our prior focus is on keeping our colleagues in order to build a strong team of professionals. But how do we do that?

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5 things we would have wanted to know 13 years ago about the Romanian construction market

5 things we would have wanted to know 13 years ago about the Romanian construction market

13 years ago two engineers started a beautiful journey on the “mysterious” yet full of great opportunities Romanian construction market. Today, after over 500 successfully completed construction projects from all sectors and many lessons learned, they took a moment and looked back to the less experienced selves, drawing important conclusions about the Romanian Construction market then and now.

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Vitalis Consulting has won 6 of the „Best Project Management Company of the Year” awards out of 11 nominations within CIJ Awards Romania

CIJ Awards 2019

CIJ Awards Gala, one of the most important and longest-running commercial property awards events in Romania, took place last evening, on 5th of December,at Radisson Blu Hotel in downtown Bucharest. After a successful year for the Romanian Construction and Real Estate market, the event has gathered together the most active market players from all sectors to celebrate projects, deliveries and companies that excelled in performance over the year that comes to end.

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2019: a successful year in terms of projects, collaborations and deliveries for Vitalis Consulting

In over 13 years of industry activity providing full construction consultancy services for various real estate sectors, Vitalis achieved a significant portfolio of over 500 construction projects already completed or currently under construction, for more than 300 local and international developers, investors and financial institutions.

This year’s achievements consist mainly in great collaborations concluded, some important deliveries and a significant number of new major projects that entered our portfolio from luxury brand hotels to modern office buildings, exclusive residential compounds and mixed-use projects.

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The evolution of construction costs over the past 5 years

Over the past 5 years the Romanian construction market had registered important growths both in residential and commercial developments, new projects being started or delivered for all sectors and new opportunities rising in Bucharest as well as in major regional cities.

Although the market is going well in terms of new developments, sectors like modern office buildings, hotels and retail developments being at a higher level than the past few years, an important issue is affecting the construction process and also the interest of developers for future projects: the continuous increase in construction costs.

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Vitalis team helping bring to life the fourth Radisson Blu Hotel in Romania

Being the second largest cities in Romania and one of our most developed regions from an economical point of view, Cluj-Napoca has reached in latest years a great popularity for both business and leisure tourists.

The interest of hospitality developers and investors in the regional capital of Transylvania has registered a significant growth, one of the most valuable projects in the area being the upgrade of Hotel Sport that will be opened under Radisson Blu upper upscale hotel brand, as it was recently announced.

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Office market evolution over the past 5 years in Bucharest and major regional cities

The Romanian office market has registered a large increase in modern office stock and deliveries over the past 5 years, both in Bucharest and major regional cities, such as: Cluj-Napoca, Timisoara, Iasi and Brasov and the year 2019 is expected to bring a new record in modern office stock supplies, especially in the capital city, but not only.

Due to the economical evolution of regional cities, the real estate developers are showing an increasingly large interest for investments in modern office buildings, over 565,000 sq. m of GLA of new offices being currently under construction and expected to be completed in 2019, all across Romania.

Bucharest is expected to reach the 3 million sq. m threshold in modern office supply in 2019

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