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Office Market News

Office building refused by MEF, took over by the Ministry of Finances

The office building refused last year by the Ministry of European Funds (MEF), due to insufficient area and placed on the list of the buildings where the National Institute of Statistics (NIS) could be relocated, was taken over by the Ministry of Finances through government decision.

A company in Strabag group builds the industrial park in Bistrita

Antrepriza de Reparaţii şi Lucrări ARL Cluj, member of the Austrian group Strabag, has started in association with the company Serbis from Bistriţa, controlled by Liviu Mihail Naghiu, the construction works for Bistriţa Sud industrial park, an investment of 25 million lei (EUR 5.3 million).

Housing permits down 1.7 pct in the first two months of 2014

The number of building permits for residential buildings has dropped 1.7 percent on the year in January and February, to 3,760. The most affected areas were Muntenia-South, North-East, South-West Oltenia and Center, according to data released by the National Institute of Statistics on Friday.

Bucharest City Hall approves the construction of 45m building in Dorobanti area

The Urban Plan allowing the construction of a building with a height of 45 m in Dorobanti area in Bucharest was approved by the City Hall, the building including a hotel, a casino, commercial premises and offices.

AFI Palace Cotroceni gets EUR 220 mln refinancing

Deutsche Pfandriefbank, Raiffeisen Bank International, Raiffeisen Bank Romania and Erste Group Bank AG will lend EUR220 million to help refinance debt obligations of AFI Europe’s shopping mall AFI Palace Cotroceni in Bucharest valued at about EUR 375 million, according to zf.ro.

Obi retailer planning to leave Romania

German DIY retailer Obi is preparing a withdrawal from the Romanian market this year after registering losses each year starting 2008, when it opened its first Romanian store, people close to the matter told MEDIAFAX.

NEPI secures €20m to refinance Galati mall

NEPI secured a €20m loan from Garanti Bank to refinance Shopping City Galati.

Chinese group ZTE will open a service center in Romania

ZTE, one of the biggest worldwide telecom producers, will open a service center in a western town of Romania by the end of September 2014. The center will be tasked with monitoring 23 telecommunications networks in 23 European countries, writes MEDIAFAX.

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