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Office Market News

Ghelamco and GTC competing for PHN’s portfolio

Ghelamco and GTC are competing to take over a substantial real estate portfolio from the state-run Polish Real Estate Holding PHN.

S Group completed Green Gate office building in Bucharest, following EUR 55 million investments

The Czech company S Group Holding completed Green Gate office building near Chirigiu market, the largest office project to be delivered this year in Bucharest, including 31,000 sq. m rentable area, following EUR 55 million investments, according to Mediafax.

Budget minister: The crisis is over! Loan, invest, spend, consume. Romania has recovered

Liviu Voinea, the delegate minister for the Budget, encourages the population and companies to sign up for loans in order to consume and invest more, given that Romania’s economy has recovered from the crisis. The government is expecting a higher GDP growth then the 3.5 percent we recorded in 2013, according to Mediafax.

NEPI and Dedeman took 22 ha land in Timisoara from Cristescu brothers

South-Africa’s investment fund NEPI and the DIY retailer De­deman bought from the brothers Emil and Marius Cristescu and an Italian investor the 22 ha land of the former plastics factory Dermatina in Timişoara in a transaction estimated by ZF to EUR 15-20 million.

Competence Call Center to open second office in Romania with 100 future jobs

Competence Call Center, supplier of support services, will open in Brasov, on June 1, a second office in Romania where it will create 100 jobs, with advanced speakers of German, English, Italian and French on high demand.

Deutsche Bank inaugurates the DB Technology Center in Bucharest, which hires 200 people by yearend

German bank Deutsche Bank (DB) officially inaugurated on Thursday in Bucharest the DB Global Technology Center, the first such center of the bank in South-Eastern Europe, that will employ up to 500 people by the end of 2016, DB announced in a press release.

Anchor Group starts work on Plaza Romania’s EUR 10 mln facelift

Real estate developer Anchor Group has begun refurbishment works on the Plaza Romania mall in western Bucharest, a project that will require a EUR 10 million investment, the company announced today.

Metro sales down in the first fiscal quarter in Eastern Europe

Metro Cash & Carry sales in Eastern Europe went down 4.3 percent in October – March, Q1 of fiscal year 2013-2014, to EUR 5.83 billion, primarily on account of unfavorable variations in foreign exchange rates. The drop manifested in Romania also.

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