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Office Market News

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.

New player on the real estate market: Millstone Developments

The real estate market has a new player in Millstone Developments, a company specializing in the development of sustainable and eco-friendly real estate projects.

Law on public-private partnership promulgated in Romania after three years

Romania’s President Klaus Iohannis promulgated yesterday the law on public-private partnership three years after the Government led by Victor Ponta initiated the project.

Romania’s residential market records best year in history, says Coldwell Banker

Real estate consultancy Coldwell Banker Affiliates of Romania forecasts that 2016 will be the best year for the local residential market, despite the challenging financing environment marked by the approval of the debt discharge law and the fast consumption of guarantees limits on the state-backed program Prima Casa for first home buyers.

Real estate mogul Ovidiu Sandor kicks off development of new office building in Timisoara

Mulberry Development, the company of the entrepreneur Romania Ovidiu Sandor, will launch ISHO Offices, a new generation offices from Timisoara. The buildings, with a leasable area of 50,000 square meters, will be built in three stages, so that the first spaces will be delivered on the first quarter of 2018. ISHO Offices is part of the multifunctional project ISHO, to be developed on a land surface of 5.3 hectares.

Mid Europa Partners buys Profi from EI for EUR 533 mln in historic retail deal

Private equity fund Mid Europa Partners has taken over retail chain Profi from Polish Enterprise Investors in a deal worth EUR 533 million.

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