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Office Market News

Tax exemption on reinvested profit comes into force on 1 January 2017

Tax exemption on reinvested profit on unlimited period comes into force on 1 January 2017, according to Government Ordinance (OG) No. 84, that is amending the Tax Code and the Tax Procedure Code, published in the Official Gazette.

Government approves construction start for subway line 6 Otopeni

The minister of Transports, Sorin Buse, announced after the Government meeting that the construction works subway line 6 Otopeni will start in the second half of 2017, linking Gara de Nord with Otopeni Airport, following an investment of RON 5.9 billion.

Dm drogerie markt opens store in Openville Timisoara

A new store of the German retailer dm drogerie markt was opened on December 8, at the ground floor of the United Business Center 2 (UBC 2) class A office building, in the Openville Timisoara project developed by the IULIUS Group.

Bucharest, on eighth place in top IT&Tech destinations from Europe and on fourth on staff growth

Bucharest is on eighth place in the IT&Tech top destinations from Europe and on fourth based on the growth of number of employees in the industry, according to a report published by real estate consultancy CBRE.

Adval Asset Management secures EUR 6.7 million financing for Banu Antonache Office Building

Adval Asset Management supported by JLL’s Capital Markets team has secured the refinancing of EUR 6.7 million for Banu Antonache Office Building.

Romania remains fastest-growing economy in EU despite slowdown

Romania recorded an economic growth of 4.6% (adjusted for seasonality) in the third quarter of this year compared with the same period in 2015. It was the highest growth rate in the European Union, according to an estimate released yesterday by the EU’s statistical office Eurostat.

Waters Romania expands it offices in Coresi Business Park Brașov

Software company Waters Romania plans to hire more than 100 new employees in Brasov, expanding its offices within Coresi Business Park to 3,500 sqm.

Over 110,000 sqm of commercial space to be delivered in Romania next year

Romania will see about 110,000-180,000 sqm worth of new commercial space delivered next year, according to estimates by real estate consultancy firms. The most conservative estimate belongs to Jones Lang LaSalle (JLL).

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Adina Camara

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