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Office Market News

How much is an office in Bucharest, including rent, service charges and utilities in 2016

The difference between the most affordable office buildings and the newest and best situated buildings is more than from simple to double.

NEPI increased profit with 9 pct in first quarter, up to EUR 26.48 million

South-African real estate investment fund New Europe Property Investments (NEPI) registered in the first quarter a profit for its shareholders of EUR 26.48 million, 9 pct. more than the profit registered in the same period of 2015, according to the report sent by the company to the Bucharest Stock Exchange.

Anchor Plaza Office Building attracted five new tenants, reaching 85 pct occupancy rate

Anchor Plaza Office Building, situated in Bucharest’s neighbourhood Drumul Taberei reached 85 pct. occupancy rate after it attracted since 2015 to present five new tenants, and one of the existing tenants expanded its rented area.

Romania is single CEE country with accelerated economic growth in Q1

The growth rate recorded in the six EU member states from Central and Eastern Europe slowed down in the first quarter, except for Romania, in conditions when household expenses could not compensate for dropping community funds and lower export demand, according to Bloomberg economists.

GTC sells its last two malls in Romania, after buying two office buildings

Real estate developer Globe Trade Centre (GTC), whose major shareholder is the American giant Lone Star, has signed preliminary sale agreements for its last two malls owned in Romania, Galleria Arad and Piatra Neamţ, following the sale of other two malls in the recent years.

More Romanian entrepreneurs are optimistic about the business environment

Two-thirds of Romanian entrepreneurs expect that Romania will provide a friendly business environment within the next ten years, according to the fourth edition of EY’s Entrepreneurial Barometer.

Romanian Investor will sue the state over insurer bankruptcy, frozen assets

Bankrupt Romanian insurer Astra Asigurari’s majority shareholder, The Nova Group Investments (TNG), which is controlled by Romanian investor Dan Adamescu, plans to open an international lawsuit against the Romanian state, for the company’s forced bankruptcy.

New Lidl store opens in Targu Mures

Lidl announced the inauguration of a new store in Targu Mures, bringing its local network to a total of 195 units, a press release by the company shows.

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