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Office Market News

NEPI to Open in May Its New Office Project in Bucharest, Aviatorilor 8

The brand new office project of NEPI, named Aviatorilor 8 and situated in Victoriei Square in Bucharest, in the vicinity of the Government headquarters, Victoria Palace, will be completed and inaugurated in the beginning of May, according to sources in the market.

Immofinanz Revenues From Rents in Romania: EUR 31.4 Million in May-December 2016

Immofinanz, one of the most important players on the real estate market in Romnaia has registered in the period between May and December last year EUR 31.4 million revenues from rents, representing 20.1 pct of the total revenues from rents of the group, according to the company’s release.

Cluj-Napoca , the First City in Romania to Issue Online Urbanism Certificates

Cluj-Napoca becomes the first city in Romania where the urbanism certificates, as well as other documents, are issued in electronic format.

George Copos Buys From GTC the Other Half of Ana Tower Office Project in Bucharest

Romanian businessman George Copos is now the sole shareholder of the company Ana Tower Offices, the development vehicle of the office building Ana Tower in Bucharest, following the transaction of buying 50 pct. of the shares of the company from the co-owner company Global Trade Centre (GTC).

Globalworth to Develop Renault Offices in Western Bucharest

The project for Renault’s offices in western Bucharest will be developed by Globalworth, as the real estate fund has taken over 50 pct. of the shares of Elgan Offices, the winner of the bid for the company’s headquarters in Bucharest.

Fratelli Group Signed Lease for Vastint’s Bucharest Project Timpuri Noi Square

Fratelli Group will open four restaurants concepts, including Biutiful Downtown and Fratellini Bistro within the new office project of Vastint Romania, Timpuri Noi square.

Topmost Investments Buys New Office Building in Bucharest: Polonă 68 Business Center

A new acquisition was announced by the company Topmost Investments, controlled by Israeli billionaire Teddy Sagi. He bought Polonă 68 Business Center in a transaction of EUR 17 million and a yield a bit more than 9 pct.

Bucharest Has Two New Metro Station Starting March 31

Bucharest has improved starting today its subway infrastructure. The 4th Metro Line, will connect Bazilescu Park and Străuleşti Lake, in the north-western Bucharest. The new metro stations available are Laminorului and Străuleşti, which will be opened on Friday, 31 of March, starting 2 pm, according to the Ministry of Transport and Metrorex, the Romanian Subway company.

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