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Office Market News

Iulius Group Sold 50 pct of Openville Timisoara Project

The Iulius Group, owned by businessman Iulian Dascălu, and Atterbury Europe, set up a joint financial fund with equal shares for the development of the Openville ensemble in Timişoara.

Globalworth to Raise 550 Million Euros Through The Largest Corporate Bond Issue In Romania

Globalworth real estate investment firm, founded by Greek businessman Ioannis Papalekas, launched a Euro-denominated bond issue to attract EUR 550 Million, this being the largest corporate bond issuance left by a company operating in Romania, the company announced on Monday.

Foreign Direct Investments in Romania, 24 pct. Increase in the First Four Months

Foreign companies increased their investments in Romania by almost 24 pct, up to 1.3 billion Euros, in the first four months of this year, compared to the same period last year, data from the National Bank of Romania (BNR) show.

Werk Property Group finishes the December Vox Technology Park in Timisoara

Property Group will deliver by December its Vox Technology Park office project, which includes a 35,000 square metres office building, said one of the developer's shareholders, Virgil Tornoreanu, in a meeting with journalists.

Number of Newly Established Firms Reaches A New Record in Romania

Removing certain taxes and tariffs from February 1, 2017 gave a new impetus to the Romanian entrepreneurial initiative: the establishment of companies reached a new record of the last five years, and the establishment of PFAs started to grow again.

Globalworth Rented 16,600 M2 Offices In the First Months of 2017

Globalworth, the real estate investment fund founded by Greek businessman Ioannis Papalekas, has leased 16,600 square meters since the beginning of the year, the total rented area in the company's premises reaching 413,200 sqm at the end of May.

Don’t Miss the Most Important Event for Specialists in Facility & Property Management!

The Facility & Property Management Conference will be held on June 15 at JW Marriott Bucharest Grand Hotel and will bring together owners, tenants and property and facility management specialists under the theme of SUSTAINABLE OPERATION OF BUILDINGS.

Medicover Inaugurates A New Clinic In Northern Bucharest, within Oregon Park

Medicover, one of the most important providers of medical services and private diagnosis in Romania, inaugurates a new multidisciplinary clinic in Bucharest, following an investment of 500,000 Euros. The clinic is located in Oregon Park Building B, on Pipera Road, and offers access to over 20 medical specialties, a full range of screening tests and programs.

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Alexandra Filip

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