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Office Market News

FDI in Romania grows by 19 pct in the first eight months to EUR 2.74 bln

The foreign direct investments (FDI) in Romania amounted to EUR 2.74 billion in the first eight months of this year, a growth by 19 percent compared with the same period of the last year, according to the data published by National Bank of Romania (BNR).

Vaillant Group Romania relocates offices to Global City Business Park

Real estate consultancy Crosspoint Real Estate has handled the relocation process of the local division of Vaillant Group into Global City Business Park, which is located in the office hub of Pipera area.

Insolvent Swan Office Park in Pipera gets sold for EUR 30.3 mln to Smartown Investments

The insolvent office project Swan Office&Technology Park was sold by Casa de Insolventa Transilvania, the insolvency administrator for this real estate project.

Construction work in Romania records biggest decrease since October 2014

Construction work saw a decrease of 5.3% in August compared to the same month last year.

PPF Real Estate takes over office project Metropolis Center from Soravia

The Czech investment fund PPF Real Estate has entered on the Romanian market through the acquisition of the office building Metropolis Center from Austrian real estate developer Soravia, for an undisclosed sum.

ILDC completes structure of first building in Estic Park residential complex

Developer Eagle Development Estate, owned by Israel Land Development Company (ILDC) is in the process of completing the structure of the first building in the Estic Park residential complex. The building will have 125 flats, and is scheduled to be completed in 2017. The complex will offer a total f 1,500 flats.

Belgian real estate developer to build small town near Bucharest

Belgian real estate developer Liebrecht & wooD will start the construction of the first batch of houses of its Frumusani Residential Park project in the second half of next year.

Romanian investor puts Oradea Shopping City mall up for sale

The Oradea Shopping City mall, owned by the firm Shopping Center Holding, has been put up for sale for about EUR 15 million, according to a notice of the real estate agency Real Time, reports local Economica.net.

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