Resources

    AREI General Assembly Meeting 2018

    30/10/2018

    On October 30 th, 2018, the AREI members attended the second General Assembly Meeting of 2018. The
    highlights and the main resolutions of the session are available in the special section dedicated
    exclusively to the AREI members.

    Working meeting with ISC representatives on constructions authorization procedure

    11/10/2018

    On October 11 th, 2018, AREI members attended a working meeting with representatives from the State
    Inspectorate of Construction (ISC) to discuss about the options and relevant solutions in order to
    improve the procedure on new constructions authorization, managed by ISC.

    Meeting with ISC management on topics relevant for the real-estate industry

    09/10/2018

    On October 9 th, 2018, Ms. Antoanela Comsa – AREI Board President and the AREI executive team have
    met with the State Inspectorate of Construction (ISC) management with a view of initiating a policy
    dialogue between the institution and the association, oriented at optimizing the authorization
    procedure of new constructions.

    Meeting with representatives of the Ministry of Environment on waste management from
    construction activities

    11/09/2018

    On September 11 th , 2018, AREI Board President, Ms. Antoanela Comsa and members of the executive
    team participated in a meeting with representatives from the General Department on Wastes from the
    Ministry of Environment. The discussion focused on the new legal initiative developed by the Ministry
    regulating the area of waste management from construction activities.

    Working meeting with IGSU management on fire safety authorization regulations

    11/07/2018

    On July 11 th , 2018, AREI members attended a working meeting with representatives from the Prevention
    Department of the General Inspectorate for Emergency Situations (IGSU) to discuss about the specifics
    in interpretation and application of the fire safety authorization regulations.

    Meeting with representatives of the Bucharest General Mayor’s office

    03/07/2018

    On July 3 rd , 2018, a meeting between AREI and representatives of the Bucharest General Mayor’s office,
    Ms. Gabriela Firea took place. The discussion focused on development projects in real estate and
    infrastructure, and aimed at establishing a sustainable dialogue and partnership with the public local
    authorities in this regard.

    Meeting with Mr. Dan Tudorache, Bucharest District 1 st Mayor

    29/06/2018

    On June 29 th , 2018, a meeting between AREI members and Bucharest District 1 st Mayor, Mr. Dan
    Tudorache took place. The main topic of discussion is the recently adopted Decision of the 1st District
    Local Council establishing the obligation of developing a PUD for every new investment, except
    individual housing.

    AREI General Assembly Meeting 2018

    28/06/2018

    On June 28 th , 2018, the AREI members participated in the first General Assembly Meeting of 2018. The
    highlights and the main resolutions of the session are available in the special section dedicated
    exclusively to the AREI members.

    Public discussion on the Constructions Law Draft organized by the Ministry of Regional
    Development and Public Administration

    05/06/2018

    On June 5 th , 2018, AREI members attended the public discussion on the Construction Law Draft
    organized by the Ministry of Regional Development and Public Administration. The meeting started with
    a presentation on the draft law delivered by representative form the Ministry and continued with a
    technical discussion during which, the members reiterated the main concerns and proposals previously
    sent to the Ministry in the Common Opinion of the Association on the draft of the new Constructions
    Law.

    Working meeting with representatives of Bucharest District 1 st City Hall

    15/05/2018

    On May 15 th , 2018, AREI members participated in a working meeting with representatives from the
    Urban Planning Department and Investments Department of the Bucharest District 1 st City Hall.

    Meeting with IGSU management on fire safety policy issues

    25/04/2018

    On April 25 th , 2018, AREI members participated in a meeting with representatives from the Prevention
    Department of the General Inspectorate for Emergency Situations (IGSU) to discuss about the
    amendments proposed to the Law 30/2016 on fire safety and other issues related to the application of
    the primary and secondary fire safety legislation regulating the area of authorizations.

    AREI meeting with representatives of the local public administration authorities in Timisoara

    28/03/2018

    On March 28 th , 2018, the AREI executive team and AREI President, Ms. Antoanela Comsa had a working
    visit in Timisoara and met with the relevant local public administration authorities to discuss about the
    best practices on administrative measures in order to stimulate the development of real estate projects
    aimed at improving and adding-value to the city’s infrastructure and citizens’ comfort.

    Business Breakfast with Mr. Dan Tudorache, Bucharest District 1 st Mayor

    07/03/2018

    On March 7 th , 2018, the Association of Real Estate Investors (AREI) organized a Business Breakfast with
    Mr. Dan Tudorache, Bucharest District 1 st Mayor.

    Ziarul Financiar Birouri & Rezidential 2018 Conference

    18/09/2018

    On September 18 th , 2018, Ms. Antoanela Comsa – AREI Board President, CEO Gran Via and Mr. Geo
    Margescu – AREI Board member, CEO Forte Partner participated as guest speakers in the panels at the
    2018 Ziarul Financiar Birouri & Rezidential 2018 Conference.

    “Smart Interventions for Branding Pipera” Event, organized by Embassy of Netherlands

    12/06/2018

    On June 12 th , 2018, AREI attended an event dedicated to Pipera North Business Districts focused on
    “Smart Interventions for Branding Pipera”, organized by the Embassy of the Kingdom of the Netherlands
    to Romania. The event brought together stakeholders from the public and private sectors,
    representatives from companies, local public authorities, professional associations and others.

    Ziarul Financiar Live Interview with the AREI Board President

    11/06/2018

    On June 11 th , 2018, AREI Board President, Ms. Antoanela Comsa participated at a live interview hosted
    by Ziarul Financiar. The discussion was focused on the main problems faced by the real estate investors
    and developers in Romania. Ms. Comsa spoke about AREI’s role and achievements in promoting
    balanced and business oriented public policies, and highlighted the association’s active engagement in
    building a sustainable dialogue with the public authorities.
    More information at here

    CEDER Real Estate Conference 2018

    23/05/2018

    On May 23 rd , 2018, several AREI members participated at CEDER 2018 (Romanian Commercial Real
    Estate Conference), one the most important event dedicated to the Romanian real estate-market.
    Among the guest speakers in the conference panel were also the AREI Board members: Mr. Geo
    Margescu – Founder & CEO Forte Partners, Mr. Ovidiu Sandor – CEO Mulberry Development, Mr.
    Dimitris Raptis – Deputy CEO & CIO Globalworth, Mr. Tal Roma – Development Manager, AFI Europe;
    and the AREI partners: Ms. Irina Dimitriu – Associate Partner, Reff & Associates.

    Energynomics Business Breakfast “Smart Buildings – what do we need to have more”

    28/02/2018

    On February 28 th , 2018, the Association of Real Estate Investors (AREI) and energynomics.ro organized
    an Energy Business Breakfast Club event focused on “Smart Buildings – what do we need to have more”.
    The event gathered more than 60 participants, representatives from the real estate companies, experts
    from related industries – IT&C, energy, banking etc., and representatives of relevant public authorities.
    Ms. Antoanela Comsa, the AREI Board President and CEO Gran Via, participated as one the speakers in
    the first discussion panel and delivered a presentation focused on the evolution of the smart buildings
    concept, emphasizing that currently it implies primarily the quality management system in
    constructions. She also elaborated on the types of buildings eligible to be classified as Smart Buildings
    and spoke about their advantages such as, the costs for maintenance in terms of operation and energy.
    Additionally, AREI President touched upon the role of banking institutions which should support and
    provide access to financing for the projects focused on smart buildings development. She equally added,
    that the efficient implementation of the smart buildings concept depends largely on strengthening
    cooperation between tech solutions providers and the real estate developers.

    Code of Conduct

     

    Association of Real Estate Investors

    “AREI”

    Table of contents

     

    What is a Code of Conduct?

    Why does AREI need a Code of Conduct?

    To whom the Code of Conduct shall apply?

    Ethical Principals

    If in doubt where to get help

     

      • 1. What is a Code of Conduct?

         

    The Code of Conduct is a set of fundamental ethical principles which are considered relevant for members of the business community and people involved in the business environment in order to act, perform and conduct legal activities in the exercise of their own business interests.

     

      • 2. Why does AREI need a Code of Conduct?

         

    We believe that AREI needs a Code of Conduct to ensure ethic and business integrity principles are overseeing any interaction between the association and the relevant stakeholders, and also govern AREI members’ activity in the market, while conducting business related activities.

     

      • 3. To whom the Code of Conduct shall apply?

         

    The Code of Conduct shall apply to all the companies which are members of AREI, AREI staff, AREI collaborators, service suppliers, partners and any other entities with which AREI members, staff and representatives have a professional relationship while achieving the purpose and interest of AREI.

      • 4. Ethical Principles

         

    AREI members agree to guide their performance of duties, within and outside AREI, in accordance with the following Ethical Principles:

     

        • ● Strict compliance with the law

        • ● Acting with honesty and integrity

        • ● Full transparency

        • ● Respect for the dignity and rights of the individuals

        • ● Respect for individual identity, independent of race, gender, religion

        • ● Promoting a balance between personal life and professional duties

        • ● Commitment to the community

     

    What does it mean for AREI members to abide and enforce the Ethic Principles in relation to AREI, the other AREI members, AREI staff, AREI collaborators, partners and any other relevant entities for the purpose of AREI, as part of their duties as AREI members?

    AREI Members will follow the ethical rules and standards listed below, however, their acting shall not be limited to this non-exhaustive listing:

     

        • ● Will act in strict compliance with the law and anti-corruption principles

        • ● Will always conduct business in a professional manner

        • ● Will strive to create safe and sanitary housing, commercial centers and office buildings

        • ● Will act as positive and relevant role models for the professions of real estate investing and housing providers when dealing with tenants, the public, the media, government officials and all others institutions and stakeholders, including other industry and business associations

        • ● Will keep themselves informed on matters affecting the real estate industry and immediately inform the other members of relevant topics of interest

        • ● Will protect and control the information that has been disclosed within the closed doors of AREI and which has not been decided to be taken to the public

        • ● Will complete their own due diligence (homework) in all business dealings and will encourage others to do the same, including a thoroughly checking their business partners

        • ● Will provide assistance to other AREI members whenever appropriate and permitted by the law

        • ● Will make all relevant and possible endeavor to promote AREI in the best of its image within the community, and to aid and assist in the organization’s growth prosperity

        • ● will NOT make any unauthorized representation to the public, press or media with regards to AREI’s position on any matter, and not represent any legislative or political position as though it is that of the organization, without Board approval

        • will NOT use AREI logo, or other identification material or slogans, without the express written permission of the Board of Directors.

        • ● agree that AREI is not responsible for their actions or investments in any way whatsoever

     

    The following principles should be also taken into considerations by each of the AREI members, in their own business endeavors as influencers of the Romanian business environment.

     

    AREI members should consider with particular and thorough care the following aspects:

     

        • ● The process of hiring/recruitment which arises a from a client or business relationships

        • ● Sponsorships should be carried out in a transparent manner, avoiding conflict of interests and making sure that the funds and assets are being used for their intended purposes

        • ● Specific provisions related to anti-bribery and anti-corruption should be included in the contracts concluded with business partners in order to prevent bribery and corruption and to further mitigate and limit involvement

        • ● While engaging with public officials, companies should observe principles such as integrity, accuracy of transactions/expenses, responsibility, disclosure, and compliance with existing regulation, and should avoid conflicts of interest

        • ● Whenever engaging in political contributions, companies should observe the provisions of the relevant legal framework, which sets forth a set of rules meant to ensure transparency, prevent conflicts of interest, and warrant that the constitutional purposes of the political process are attained

        • ● Facilitation payments are not permitted under Romanian law

        • ● Specific anti-bribery and anti-corruption policies should refer to the public procurement field, given that it is particularly exposed to corruption risks, due to the high value and number of contracts and the broad discretion that is inherent to such a process

     

    • 5. If in doubt where to get help

       

    Any doubts that one encounters in one’s activity with respect to the above should immediately present to AREI on the Contact email address.