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Office Market News

South Africa's Growthpoint to buy 26.9% of Globalworth Real Estate Investments

South Africa-listed real estate investment trust (REIT) Growthpoint Properties said on Thursday it will subscribe for an initial 26.9% stake in London Stock Exchange-listed Globalworth Real Estate Investment Limited, a real estate investment company targeting opportunities in Romania, following a 186.4 million euro ($197.5 million) investment.

Net investments in Romania are up by 4.1 pct in first 9 months

Net investments in the Romanian economy increased by 4.1 percent to RON 46.58 billion (approximately EUR 10.35 billion) in the first nine months of this year y-o-y, according to data from the National Institute of Statistics (INS).

AFI Europe plans to fully sell AFI Park office complex in Bucharest

Africa Israel Investments, the company controlled by Israeli billionaire Lev Leviev, aims to sell simultaneously all the five office buildings developed by AFI Europe in Cotroceni area, Bucharest.

NEPI opens EUR 25 mln Shopping City Piatra-Neamt

Real estate developer New Europe Property Investment (NEPI) has opened on Thursday Shopping City Piatra-Neamt, following EUR 25 million investment.

Romanian labour cost up by 14.7 pct in Q3 compared with 2015

Labour costs went up by 14.7 pct in the third quarter of the year, in Romania, compared with the same period of 2015, with the biggest increases being registered in the education system, real estate and healthcare, according to the data published by the National Institute of Statistics (INS).

Stradale restaurant opens in Oregon Park after EUR 500,000 investment

Stradale restaurant opens a new location in Oregon Park after an EUR 500,000 investment. The restaurant, which promotes the concepts of street food and live cooking, offers 200 seats and a surface of 500 square meters.

AFI Europe starts the construction of AFI Tech Park office project in Bucharest

AFI Europe, one of the largest real estate developers and investors active on the market in Romania, will start the construction of the office project AFI Tech Park located near the Marriott Hotel in Bucharest.

GTC sold its last shopping centre in Romania and finances acquisitions of two office buildings in Bucharest

Real estate developer Globe Trade Centre (GTC), whose majority shareholder is US giant Lone Star, completed the sale of its last shopping centre owned in Romania, Galleria Arad, for EUR 2.1 million, according to company’s report.

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