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Office Market News

Mergers and acquisitions market up 39 pct in 2013

The estimated value for mergers and acquisitions in Romania last year was USD 1.09 billion, up 39 percent on the year with the biggest transactions recorded in the banking industry. 57 transactions out of a total of 147 mergers and acquisitions were made public.

Kingfisher hopes to soar to 50 local DIY stores despite challenging market

After taking over the local Bricostore DIY network in June 2013, British company Kingfisher will open this Friday the first two stores rebranded as Brico Depot. Over the next two years it wants to convert the remaining 13 outlets and open new branches.

Militari Shopping Center value depreciated with EUR 6 million

The net revenues of Atrium European Real Estate from the renting of the commercial centre Militari Shopping Center have stagnated last year to EUR 6.4 million, the project being reevaluated down with nearly 8% compared to the end of 2012.

Commercial Real Estate Projects Investments Doubled in 2013 in Romania

The investment volume for commercial real estate projects in Romania exceeded EUR 343 million in 2013, with more than 100% growth compared to the previous year, according to the latest CBRE research.

Bucharest’s AFI Palace Cotroceni increases income by 6.5 pct in 2013

The AFI Palace Cotroceni shopping mall in Bucharest increased its net operating income by 6.5 percent in 2013, above the initial target, to a total of EUR 28.7 million, announced today representatives of AFI Europe Romania, the project’s developer and property manager.

3 Trends in Office Fit Out

The office is not anymore just a space where the employees are sitting in front of their computer 8 hours a day, as the collaborative work environment became more and more important for the local offices of the corporations.

Băneasa Shopping City attracts new tenant, Polish cosmetics manufacturer Inglot

Polish cosmetics manufacturer Inglot opens its first Romanian store in Băneasa Shopping City, the banner with the name of the brand being already displayed at the entry in the premises.

19th Century Building Restored with EUR 1.5 million, New Premises of Noblesse Galleries

The luxury interior design company Noblesse Galleries will soon relocate to new premises, a building built in 1881, where the showroom, art and events centre will be included.

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Adina Camara

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