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Office Market News

Caba Grup expands the 102 The Adress mixed project and doubles the investment to 100 million euros

The Turkish developer Caba Group, known on the local market for the high-end residential project 102 The Address, will invest over 100 million euros in the development of the second phase of the project - a mixed destination of residential, office and retail.

REALTY Forum, The Voice of Romanian Real Estate

Date: May 15, 2019, 2 p.m.

Dedeman to buy the The Office project in Cluj-Napoca

Dedeman DIY retailer, owned by Dragoş and Adrian Paval, will buy the office complex The Office in Cluj-Napoca from the NEPI Rockcastle investment group and the Timisoara entrepreneur Ovidiu Sandor, entering into an agreement estimated by Profit.ro to over 120 million euros.

Immofinanz properties in Romania reached the value of 768.5 million euros

Immofinanz, one of the largest players on the local market, reached 768.5 million euros portfolio in Romania, equivalent to 17.7% of the company's total portfolio, according to the developer's data for the year 2018.

Cantine opens a new restaurant in Iride Business Park

Cantine, the Bucharest restaurant chain, will open in April the fourth space in the Capital, on an area of 800 square meters, within Iride Business Park, owned by IMMOFINANZ in the north of the city, near Pipera Metro Station .

CBRE takes charge of the operations of NEPI Rockcastle’s office portfolio in Bucharest

CBRE, the world and local market leader in real estate consultancy, was mandated with the property management of NEPI Rockcastle’s office portfolio in Bucharest, consisting of three emblematical buildings: Floreasca Business Park, The Lakeview, and Aviatorilor 8 (former Victoriei Office).

Investment fund White Star Real Estate could buy Liberty office project in Cluj-Napoca

Friborg Development, the real estate division of the investment fund Friborg Capital, controlled by Ion Sturza, former prime minister of the Republic of Moldova, is negotiating the sale of Liberty offices project in Cluj-Napoca with the american investment fund White Star Real Estate, according to market data.

Office rent transactions in Romania, 41% growth in Q1 2019

Office space transactions registered in Romania in the first quarter approximately 124,500 square meters, almost 41% more than in the first quarter of last year.

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