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Office Market News

Global Finance sold former Automatica factory plot, on Bucharest’s Calea Floreasca

Investment fund Global Finance, through its real estate division, sold the land of the former Automatica factory situated on Calea Floreasca in Bucharest to the French group Auchan and One United, a company specialized in luxury residential projects and to a company specialized in offices, according to sources in the market.

Romania posts highest economic growth from EU on nine months, says government

Romania has this year the highest economic growth from the European Union, of 5.2 percent of GDP in the first semester and 4.9 percent of GDP in the first nine months, says the government.

A quarter of Bucharest’s office market is owned by five developers

The largest five office buildings owners in Bucharest have developed more than 630,000 sqm offices, but their investments continue. They are controlling together, according to ZF calculations, a quarter of the office market in Bucharest.

Scotland’s Aberdeen in negotiations for the sale of Construdava office building in Pipera

The office building Construdava, owned by Aber­deen Asset Management, a company headquartered in Scotland, is on the brink of being bought by the residential projects developer Adamamerica, the two parties being in advanced negotiations according to sources in the market.

NEPI will start building new mall in Ramnicu Valcea next year

South-African real estate developer NEPI wants to start the construction of a 28,000-sqm commercial center in Ramnicu Valcea next year.

IT services provider Atos rented nearly half of the second office building within Openville Timișoara project

IT Services provider Atos rented 6,000 sqm in the A class office building United Business Center 1 (UBC 1), within the multifunctional complex Openville Timișoara, developed by the businessman Iulian Dascălu.

Romanian economy might be ready to adopt euro in 13 years, says study

The country needs another 13 years before attempting to join the Euro zone based on the average growth rhythm of the last 15 years, according to a new study coordinated by Daniel Daianu, member of the administration board at the National Bank of Romania.

Aviatorilor 8, the office project in the heart of Bucharest, to give back to the city the beautiful Oromolu villa

Aviatorilor 8, former Victoriei Office, will be completed one year later than the initial estimations of NEPI, the office project’s developer.

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