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Office Market News

Dedeman will open at least four stores in 2014

On Friday, Dedeman will open in Sibiu the 37th store of the national network, following an investment of 13 million euro and intends to reach at least 40 units this year.

Ten counties of Romania have 70% of the business and 80% of the employees

The companies registered in Bucharest generate 35% of the turnover of the companies in Romania and add 32% of the total number of employees in the business environment.

Benevo postpones the construction of Victoria City mall until summer of 2014

Real estate developer Benevo, controlled by Canadian businessman Michael Topolinski, said it will start the construction of shopping center Victoria City in Romania’s capital city Bucharest in the summer of 2014. Benevo also announced that Burcu Uygurcetin is the new head of retail.

CA Immo revenue slightly down in 2013

Austrian group CA Immo, one of the biggest office developers in Bucharest and owner of the biggest logistic park near the Romanian capital, collected rent worth EUR 30.4 million last year, a small drop compared to 2012 (EUR 30.6 million), according to the financial report released the company.

Esop: A and B Class Office Rents in Western Bucharest Closer to Downtown Rents

The differentiated office spaces volume, more consistent in the Central-Northern Bucharest and more limited in Centre-Western Bucharest, has generated in the beginning of this year a significant proximity of the rents in the two zones, which became comparable, according to Esop Consulting.

Immochan Romania wants to open Coresi Brasov in March 2015

The EUR 60 million first phase of the Coresi Brasov real estate project will be delivered in the first quarter of 2015, probably March, said Tatian Diaconu, general director of Immochan Romania, the project’s developer, in a press conference today.

GREET VIENNA 2014: High-profile keynote speakers plus two additional elements: `healthvienna` and `Lounge-Talks`

GREET or “Global Real Estate and Economy Talks“, international platform for commercial real estate and investments in Central, Eastern and South-eastern Europe, is now into its second round to be held on 19 and 20 May, 2014 at Palais Niederösterreich in Vienna. Along with the new programme item “finvienna“ the conference will offer additional elements “healthvienna“ and ”Lounge-Talks“.

The Sons of EnergoBit Founder Took Over Insolvent Residential Project in Cluj for EUR 1.5 million

The company Adalgo Mirus in Cluj, controlled by the brothers Sorin and Raul Gadola, the sons of Ştefan Gadola, one of the founders of EnergoBit group of comapnies, bought last year for EUR 1.5 million a building in construction and several plots of land within Mao Life Residence project in Cluj, in insolvency.
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