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Office Market News

IMMOFINANZ brings shopping center brand VIVO! to Romania

IMMOFINANZ, one of the real estate investors in Romania, introduces its retail brand VIVO! to the local market and starts the rebranding process for its four existing shopping centres.

Transport minister promises 18-min. train trip between Bucharest and Otopeni Airport from 2018

Romania’s railway company CFR Infrastuctura will revamp the existing railway line between Bucharest’s main train station Gara de Nord and Odaile station in Otopeni, and will build 2.3 km of new track to the Henri Coanda International Airport.

Contracts with foreign partners to be declared at the Romanian tax agency

Romanians who conclude contracts with foreign partners must declare these documents at the tax agency (ANAF).

Bidefender rented 2,300 sqm in the United Business Center 1 within Palas Iasi complex

Iulius Company signed a partnership with Romanian IT company Bitdefender to lease 2,300 sqm to Bidefender in the United Business Center 1 class A office building within Palas Iasi complex.

Romanian brick producer sells two plots to Dedeman for EUR 1.6 mln

Local brick producer Cemacon Cluj will sell two land plots to DIY retailer Dedeman for RON 7 million (EUR 1.6 million).

Forte Partners secures EUR 50 mln loan from UniCredit Bank for The Bridge office project

Real estate developer Forte Partners will develop the first stage of its The Bridge office project with a EUR 50 million loan granted by UniCredit Bank.

Bucharest’s modern office stock to reach 2.6 million sqm by 2019, says Colliers International

There are about 600,000 sqm of office space currently in the pipeline in Bucharest and which are planned to be delivered by 2019, according to data from real estate services firm Colliers International.

EY study: 89 percent of businesspeople in Romania expect higher turnover for their firms this year

According to an EY study, 89 percent of the businesspeople expect the turnover of their companies to go up this year, while 7 percent expect a reduction of their business results and 4 percent mention a stagnation.

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