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Office Market News

Owner of Green Gate office building pays back EUR 10 million of its construction loan

S Group has increased the capital of the Romanian company Green Gate Development, the developer of an office Building in Bucharest, with EUR 9.85 million. The amount is used to pay back part of EUR 14.6 million loan took in 2007.

P3 bought land near Bucharest in its second real estate transaction this year

Real estate developer P3, specialized in logistics and industrial facilities development, bought a plot of 8.6 ha in Domneşti , near Bucharest. The acquisition price is about EUR 0.8 million, according to Capital magazine estimations.

Swedish software provider ENEA expands Iasi based operations

Swedish software provider ENEA opened its first center outside of Bucharest in the UBC 3 office building within the Palas ensemble in Iasi and is currently developing its operations. The software maker is recruiting over 100 employees to fill the Software Developer and Manual/Automatic Tester positions.

Globalworth raises EUR 180 mln from bond sale to Canada Pension Plan Investment Board and Cairn Capital

Globalworth Real Estate Investments, one of the main property developers in Romania, has signed a three-year EUR 180 million secured bond transaction fully subscribed by Canada Pension Plan Investment Board (CPPIB) and Cairn Capital.

Immofinanz: Companies and their employees want more than an office with computer, they also want retail areas

Modern corporatist is no longer satisfied with having the office in a new building, but they are running for facilities which make the work environment more efficient, considers one of the largest office developers in Romania, represented by Sorin Vişoianu, leading the operations in Romania of the Austrian giant Immofinanz.

Analysts’ perception on Romanian economy still positive

Financial analysts are still optimistic about the prospects of the Romanian economy on the short term, although the perception on the current economic situation has slightly worsened compared to the previous month.

Logistics solutions supplier CHEP Romania relocates to Floreasca Tower

CHEP Romania, local subsidiary of the worldwide leader in pallets rental solutions, part of the Brambles group, relocated in the first quarter of this year to the office building Floreasca Tower.

Forte Partners to complete lease of the office project in Ştefan cel Mare by September

The construction of the office project on 8,000 sq. m, an investment of EUR 10 million, developed by Forte Partners on Tunari St. in Bucharest, near the crossroad with Ştefan cel Mare road, is in the last phase of its development.

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