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Office Market News

Office developers active across CEE

Developers have been very active in the Warsaw and Prague office markets in recent years. However, these leading CEE markets are victims of their own success as concerns over vacancy rates are causing developers to re-consider the Budapest and Bucharest office markets.

Clients of the villa offices have budgets up to EUR 10/month

The clients relocating their offices in villas in the first three months of 2014 have mainly chosen central areas - 13 Septembrie, Ştefan cel Mare, Foişorul de Foc, with average budgets up to EUR 10/sq. m/month, according to the market analyze of ESOP Consulting l CORFAC International.

Kingfisher makes EUR 275m offer for Mr Bricolage, also present in Romania

Kingfisher has entered into exclusive negotiations with the principal shareholders of Mr Bricolage, the home improvement retailer, to acquire their shareholding, according to a press release from the British company.

Austrian S+B Gruppe to build EUR 17.5 mln hotel next to Otopeni airport

Austrian developer S+B Gruppe is planning to start the construction of a 250-room hotel next to the Henri Coanda (Otopeni) airport in Bucharest by the end of this year or in early 2015, after finally obtaining the necessary building permit, said Alfred Michael Beck, one of the company’s shareholders, today during a press conference.

The company that took over Praktiker already negotiates a new acquisition in Romania

Search Chemicals, the company controlled by the businessman Omer Susli, which has recently taken over the DIY chain Praktiker from the German group Prakteker AG, is in negotiations for the acquisition of another DIY retailer. They plan stores in 40 large cities in the shortest time.

Carrefour is the first tenant of Veranda commercial centre on the former Prodplast platform in Obor

Businessman Florin Pogonaru signed a contract with the hypermarket chain Carrefour for a space of approx. 10,000 sq. m within the commercial centre he intends to develop near Obor market through its company Prodplast Imobiliare.

Anchor to start in a month the revival of Plaza Mall, strongly affected by AFI Cotroceni competition

Plaza Romania mall in Drumul Taberei district in Bucharest, opened by Turkey’s Anchor Group ten years ago, will enter a significant rehabilitation process which will exceed EUR 10 million and will be done in several phases, in order for two thirds of the centre to remain functional.

Construction21EXPO.eu - a virtual tradefair dedicated to the greenest building projects and solutions in Europe

Birouinfo.ro is pleased to announce our partnership with Construction21EXPO.eu; a virtual tradefair dedicated to celebrating Europe's greenest building projects and solutions.

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Adina Camara

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