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Office Market News

Cluj Innovation City, a EUR 300mln project of Cluj IT Cluster, kicks off with consultancy selection process

The Cluj Innovation City urban development program, one of the main projects of the Cluj IT Cluster, will be selecting the consultancy in charge with carrying out the pre-feasibility study.

AFI starts the construction of the last two office buildings near Cotroceni mall

AFI Europe Romania starts the construction of the last office towers in the close vicinity the mall AFI Palace Cotroceni.

PIC hypermarkets in Craiova, Calarasi, Braila put up for sale again

The former PIC hypermarkets in Craiova, Calarasi and Braila, as well as a plot of land in Blejoi, Prahova county, will be put up for sale again on April 25, by judicial administrator PricewaterhouseCoopers Business Recovery Services, at a total starting price of EUR 10.2 million.

Romania experienced biggest house price fall among 42 countries in 2013

House prices in Romania reported the biggest fall among 42 countries in the world in 2013, namely 10.43 percent, compared with 5.96 percent a year earlier, according to a globalpropertyguide.com survey, based on average inflation-adjusted prices.

Globalworth aims to buy UniCredit’s HQ in the north of Bucharest

Globalworth, controlled by Ioannis Papalekas, is planning real estate deals worth of EUR 130 million in Romania, among which the Unicredit Tower.

Gothaer Asigurari Reasigurari: new Tenant of Brasov Business Park

Gothaer Asigurari Reasigurari will rent starting April 1st 2014 two offices at Brasov Business Park: one office at Ground floor adding value to existent business related services and one at Mezzanine. Gothaer Asigurari Reasigurari products will be available starting April 1st 2014 at the new office opened in Brasov Business Park.

JLL Romania: A new real estate cycle is beginning

After Romania experienced the end of a 10-year real estate cycle last year, a new one is about to start, thinks Attila Peli, the head of development & land at JLL Romania.

Vodafone and Huawei to occupy almost 40% of Bucharest One office tower

The investment fund Globalworth, controlled by the businessman Ioannis Papalekas, announced the rental of 37.5% of the office tower to be built on Barbu Vacarescu St. in Bucharest, a space of 16,000 sq. m being signed for 10 years by Vodafone, while Huawei rented 2,500 sq. m for 5 years.

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