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Office Market News

The Romanian economy expanded even faster than original estimates in Q4 2013

Romania’s economy grew slightly faster than previously thought in the fourth quarter of last year, reflecting improved consumer spending and better contributions from constructions and retail, revised figures from the statistics institute INS showed Wednesday.

Papalekas negotiates the acquisition of the former Farmexim platform in Pipera

Former Farmexim warehouses are in the close vicinity of the UpGround complex, developed by Ioannis Papalekas.

CBRE Romania to hire former AFI leasing manager

Oana Vijiala is the new leasing manager within the retail department of CBRE Romania, after occupying the same position within AFI Europe.

Romtelecom hired KPMG to evaluate its real estate assets

Romtelecom, one of the biggest communications operators in the market, controlled indirectly by the group Deutsche Telekom, has appointed the consultancy and auditing firm KPMG to evaluate its real estate portfolio within the country, made of lands, buildings and commercial premises totalizing an area of nearly two million sq. m.

How to keep your tenants. Top 5 measures for building owners

The tenant has changed a lot compared to the period before the crises. If tenants were once only interested in the location of the space, the rent costs and the owner flexibility to participate in the movement process, the owners are facing more and more a sophisticated tenant, interested at the same time in other very important aspects, with impact on current costs and in its image on the market.

Bucharest-Ilfov Multimodal Hub - a project to interconnect the transportation in Northern Bucharest

The investment „Bucharest-Ilfov Multimodal Hub (BIMH)“ is estimated by the local authorities to EUR 100 million and could be made with EU funds.

AEW Europe sells on behalf of the company FONCIERE 1 a 11,648 sqm logistics platform located in Lieusaint, France

AEW Europe, acting as an asset manager for SCI FONCIERE 1, sells a 11,648 sqm logistics platform in Lieusaint (Paris suburbs).

Huge losses may push bauMax out of Romania

DIY retailer bauMax is considering closing down its stores in Eastern Europe, including the units it has in Romania, according to the German newspaper “Die Presse”, quoted by economica.net.

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Adina Camara

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