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Office Market News

AFI Europe Romania and Dedeman Sign Agreements to sell The Office Project AFI Park for EUR 164 million

AFI Europe signed a pre-agreement to sell AFI Park 1-3 office buildings to Dedeman, the leading company in Romania in the DIY retail segment. The agreement also includes an option to sell AFI Park 4&5. The total price for AFI 1-5 is approx. EUR 164 million.

Immofinanz Obtained In The First Quarter 12.2 Million Euros From The Rental Of Properties In Romania

The Austrian real estate investor Immofinanz obtained rental income of 12.2 million Euros in the first quarter of the year.

CUMULUS, First Top Merge in Romanian Architecture

The PZP, SYAA and ARXTUDIO offices merged and became CUMULUS, the first fusion of Romanian architecture. The new office, CUMULUS, brings together industry portfolios with a turnover of over € 1,000,000.

WdP Development To Build Production Unit and Office Building in Oradea Industrial Park II

Wdp Development will build a production and storage facility of about 4,000 square meters and an office building of approximately 240 square meters in Oradea Industrial Park II, situated on Ogorului Street, following direct negotiation by the Oradea Local Development Agency (ADLO).

Goethe Institute Office in Bucharest to Relocate To D'OR Office Building

The Goethe Institute, the cultural institute of the Federal Republic of Germany, has pre-leased 30% of the D'OR office building on 32 Calea Dorobantilor in Bucharest , the 6,000 square meters project of Primavera Development, which will be delivered in the coming summer.

Pipera and Aurel Vlaicu metro station to be closed for repairs in July

A number of 11 subway stations, which have only one access, will be closed alternately for seven calendar days to carry out modernization works during July-September, Metrorex announced on Friday, according to a press release.

Dedeman Owner Moves Towards the Acquisition of AFI Park

Dragos Paval, the entrepreneur who controls the DIY stores network Dedeman, the largest Romanian business, could sign with Africa Israel the agreement for the acquisition of AFI Park 1-5 office buildings near the AFI Palace Cotroceni Mall for almost 164 million Euros, in the largest transaction ever made on the Romanian office market, according to market data.

The Top Of Office Rents In Bucharest In 2017: The North-Central Area Has Advanced Again

In 2017, on the office market in Bucharest, the emergence of new projects with premium finishes and amenities, as well as an excellent position near the Government, such as The Landmark and Aviatorilor 8, has again raised the rent average for the north-central area, which get distance from the centre-west and downtown areas rents.

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