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Office Market News

Globalworth ups profit by over a third

Real estate developer Globalworth Real Estate Investments Limited, founded and managed by Greek investor Ioannis Papalekas, increased its net operating profit by 38% in the first three months of this year to EUR 6.5 million, up from EUR 4.7 million recorded in the same period last year.

CBRE: Bucharest Class A office stock exceeds 1 million sqm in Q2

In Bucharest, Class A office stock exceeded 1 million square meters in the second quarter, a record for the office space market. In Bucharest, Class A office stock exceeded 1 million square meters in the second quarter, a record for the office space market. Overall, this year’s new office stock is projected to be a whopping six times larger than last year’s.

Romania records biggest decrease in insolvencies among CEE countries

Romania has recorded the strongest decrease in the number of insolvencies among countries in Central and Eastern Europe, a study by Coface reveals. The almost – 50 percent decrease was due to several favorable conditions, such as the fiscal stimuli the country benefitted from.

Advertising company restore a building in Bucharest with EUR 330,000

A former office building from 1920 was reconverted to retail space near Colţea Hospital in Bucharest, Universităţii Squre.

Five storeys office building developed downtown Bucharest

Downtown Centre, company controlled until recently by several shareholders including Romanian Andrei Hrebenciuc, is developing an office building in the heart of Bucharest, in the vicinity of the Romanian Television headquarters, on 33A Calea Dorobanţilor St.

Qfort to invest EUR 4 million in offices and showroom near its factory in Pieleşti, Romania

Windows manufacturer Qfort is developing an office building and a showroom near its factory owned in Pieleşti, Dolj county. The company’s total investment reaches EUR 4 million, the space hosting 300 employees.

Ministry of EU funds cancels relocation plan to another HQ

The Ministry of EU funds (MFE) decided to cancel the procedure of contract attribution for renting a new office because “there were presented only non-agreeably and unacceptable offers,“ according to Agerpres.

Moneycorp opens office in Victoria Center in Bucharest

Moneycorp, a UK-based foreign exchange and payment services company, has opened a full branch in Romania. The branch is located in Victoria Center, on Calea Victoriei.

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