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Office Market News

Macroeconomic confidence index, new historic maximum

The macroeconomic confidence index for April 2014 reached a new historic maximum, reaching the value of 61.6 (compared with 54.5 registered in the previous month), shows CFA’s periodical survey on the perception of the macroeconomic evolution of Romania.

Pheonix Real Estate sold the logistics park in Clinceni, rented by Nestle, for EUR 12.6 million

Greece’s Phoenix Real Estate has completed the sale of Innovations logistics park near Bucharest to the investment company Secure Property Development & Investment, for EUR 12.6 million.

Continental to add 1,500 people to its roster over the next few months

Continental announced that it will be hiring 1,500 people over the next months, to fuel its production, research and development activities, according to Capital. ro

958 companies with foreign capital, registered in January – February 2014

As many as 958 commercial companies with foreign capital were registered in Romania in the first two months of 2014, with the total amount of the invested capital having stood at RON 2.348 billion (EUR 520.943 million), according to the data centralized by the National Institute of Statistics (INS).

Allianz took office for service centre in Bucharest

Allianz rented approx. 3,500 sq. m in Floreasca Park, to be occupied in several phases.

AFI Palace Cotroceni revenue up 6.7 percent, to EUR 7.3 mln

Shopping mall AFI Palace Cotroceni reported a net revenue increase of 6.7 percent in Q1 2014, up to EUR 7.3 million. The owners estimate that they will reach a figure of EUR 29 million at the end of the year, similar to their results last year.

S Group delivers EUR 57.5 mln Green Gate project, seeks land for new office project in Bucharest

Czech real estate developer S Group officially delivered this Thursday the EUR 57.5 million Green Gate office project in Bucharest.

Republica Warehouse to be transformed into a scientific park

Bucharest Sector 3’s City Hall intends to buy Republica Warehouse in order to develop a scientific park in the sector, according to a release of the local authorities.

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