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Office Market News

BCR Palace in the University Square, up for sale

Banca Comerciala Romana (BCR), the second largest banking institution in Romania, intend to sell its former headquarters, a famous historical monument in University Square, Bucharest, at a price of over 20 million euros.

200,000 employees in Bucharest could have better offices

In Bucharest, more than 200,000 employees work in office buildings built by private firms, which are more than 10 years old and more than 250,000 employees are in office buildings inaugurated in the past 10 years, according to an analysis by the real estate company ESOP Consulting l CORFAC International.

Prime Kapital invests 200 million euros in the Silk District, its first mixed-use project in Iasi

The Silk District, developed on the former Teba platform in Iasi, will have two main components: A class offices with an area of approximately 100,000 square meters and 2,500 apartments. In addition, the Silk District will include 11,700 sqm of retail space, a four-star hotel with 160 rooms, a 1,500 sam clinic, services, parks, leisure and relaxation areas, a kindergarten and a swimming pool.

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 .

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