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Office Market News

Lidl opens in Bucharest’s Aviatiei neighborhood its greenest supermarket yet

Lidl Romania is set to open on November 24 its first supermarket located in the Aviatiei neighbourhood, the northern area of Bucharest. Built by Skanska Romania, the supermarket was developed according to state-of-the-art green solutions.

World Bank: Romania’s economy to grow by 5.1% this year

World Bank has significantly improved its forecast on the advance of the Romanian economy this year to 5.1%, up from 4% in June, according to the WB report on the Europe and Central Asia region.

Papalekas starts cashing out from rents, following real estate investments of hundreds millions Euros

The results of the real estate acquisitions flow of the Greek businessman Ioannis Papalekas in Romania started to show. The operational revenue of Globalworth, its real estate vehicle (the businessman owns 36.1 pct of it), went up to EUR 33.8 million in the end of September, growing with 68 pct. compared to the same period of last year.

Romanian companies’ gross profit up by 42 pct to RON 49.9 bln in 2015

Companies registered a gross profit of RON 49.9 billion in 2015, a growth of 42.8 percent compared with 2015, says a release of the National Institute of Statistics (INS).

AFI Europe’s Net Operating Income of Romanian portfolio up to over EUR 34 mln in 9 months

AFI Europe Romania published its Q3 and first nine months of 2016 financial results, generating a Net Operating Income (NOI) from its income producing assets in Romania of EUR 12 million in Q3 and more than EUR 34 million during the first 9 months of the year, representing 17 percent for Q3 and 14 percent for 9 months higher results compared to the same periods in 2015.

Eight office towers of more than 12 floors in construction in Bucharest

Eight office towers, in five different projects, are in several construction phases in Bucharest and will bring their owners revenues from rents of more than EUR 33 million, according to Capital calculations.

Competition body authorizes take over by Immofinanz AG of office rental companies

The Competition Council has authorized the takeover by Immofinanz AG of several home rental companies. According to the regulatory body, the move does not infringe competition laws on the Romanian market and does not lead to the creation or consolidation of a dominant position.

Skanska gets ready to kick off work at Campus 6 office project in Bucharest

Swedish group Skanska is waiting for the building permit to start work on the first office building of the Campus 6 office project, located near the Bucharest Polytechnic University, reports local Economica.net.

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