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Office Market News

One week left until Realty 2016 – Latest trends and business opportunities in the real-estate industry

The fifteenth edition of the Realty conference organized by Business Review will take place on June 16 at the Sheraton Bucharest Hotel. Structured on the four main segments of the real-estate industry - Office, Retail, Industrial and Residential – the conference will be the perfect platform for discussion on the latest trends and hottest topics in the industry as well as creating a favorable environment for business matchmaking.

Immofinanz negotiates sale of real estate developer Adama

Real estate developer Immofinanz, one of the largest real estate players on the local market, is negotiating the sale of Adama, a company specialized in residential developments, according to ZF sources.

Office buildings developed in record time in Iasi, Romania

The labour potential available in the IT industry is larger Iasi then in any other region in Romania, and the real estate developers are ready to build office buildings on any area in record time, said Bogdan Piţigoi, 46, one of the largest entrepreneurs in Iaşi.

Romanians sign almost 300,000 real estate deals by end-April

Romania saw almost 297,000 real estate transactions in the first four months of the year, up by more than 28,000 compared to the same period in 2015, reports local Profit.ro.

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.

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