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Office Market News

Why is Cluj-Napoca the leader in office building development outside Bucharest

Cluj-Napoca, second largest city in the country, continuously developed during latest years due to the attracted foreign capital and the local business environment. The city’s dimensions, the modern infrastructure and the lower costs are attracting a larger number of investments.

EBRD improves estimates regarding Romania’s economy

EBRD is slightly more optimistic about Romania’s economic performance in 2014, upping its estimate from 2.4 percent (issued in January) to 2.6 percent. The financial institution warns against the negative effects of a high rate of bad loans and fallout from the Ukrainian crisis.

Yardi rented 3,000 sq. m offices in The Office project in Cluj. Over 50 pct. of the building is rented

American real estate software manufacturer Yardi rented more than 3,000 sq. m offices in The Office building, developed by NEPI and the businessman Ovidiu Sandor in Cluj.

Deal of the year, so far: Rhenus Logistics rents 14,000 sqm in Mercury Logistics Park

Rhenus Logistics made the move to Mercury Logistics Park, owned by Heitman investment fund near the Bucharest-Pitesti highway, where it rented 14,000 sq m, the biggest industrial land deal recorded in Romania this year, according to GS Capital Advisory.

Hochtief Development leaving Czech market

Hochtief Development is leaving the Czech market. According to CTK, the company’s German headquarters has let its Czech staff go and begun the sale of two office projects the company was working on.

Auchan wants to buy for EUR 19 million former Real building in Pitesti

Auchan Romania intends to buy the commercial space where is located the Auchan Gavana store in Pitesti. The hypermarket chain made an offer of EUR 19 million to the company Rolast in Pitesti, according to Rolast.

Annual inflation rate at 1.21 pct in April 2014

Consumer prices advanced 0.27 percent in April 2014 when compared to the previous month, while when compared to April 2013, consumer prices have gone up by 1.21 percent, according to data released on Monday by the National Institute for Statistics (INS).

Scorseze Ambulance Service rented an office building in Tei area for 10 years

Scorseze Ambulanta Privata, part of Scorseze Security International security companies group expands its activity through the new clinic Scorseze Medical, rented in Northern Bucharest, on Ghica Tei St., according to Esop Consulting, the transaction’s broker.

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