Solutions? Ask the banks

Despite the positive title of the Bucharest conference, there was not too much optimism to be found among the speakers and participants, although there were some rays of light hidden away   After a few welcoming remarks by Eric Royer of Bouygues Immobilier, Tim Wilkinson of DTZ Echinox kicked off the office panel, joined by Florin Popa of Vitalis Consulting, Yetkin Turk of construction firm Summa Romania, Perry Zizzi of Clifford Chance and Helmut Neubauer of Europolis. Wilkinson observed that it was a good time for tenants, with more flexible leases than in the past. Perry Zizzi said that the slowdown in activity offered the chance to do thorough due diligences again, for example checking all permits and land title issues. The warehouse panel, moderated by Gabriel Sfetcu of Cushman & Wakefield, echoed the office panel, with tenants asking for more lenient terms. Valentin Cudric of NBGI Private Investor claimed that they, as an owner, were open to their clients’ desire for m