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Office Market News

Schneider Electric Romania, first tenant of Green Court Bucharest

Schneider Electric Romania has leased approximately 3,100 sqm of office space in the first building of Green Court Bucharest, the office project developed by Swedish Skanska in the Barbu Vacarescu area of the capital.

In 2014, Romania will meet all criteria for Euro Zone; EURO target – 2019

“In 2014, Romania will meet all the criteria for entering the Euro Zone – inflation rate, interest rate for bonds, exchange rate stability, budget deficit below 3 percent of GDP, and public debt below 60 percent of GDP. We are on target where increasing real convergence is concerned. Our EURO target is 2019,” a Government report on ‘Economic Results in 2013 – Targets for 2014-2015,’ presented by Prime Minister Victor Ponta Friday shows.

Gran Via expects to sell 10-15 apartments per month in Bucharest

The Spanish group Gran Via expects to sell between 10 and 15 apartments per month in its first Bucharest development, scheduled for completion later this year.

Transilvania Bank acquires Casa Alba

Transilvania Bank bought the “Casa Alba” mansion in Cluj-Napoca from Josef Goschy last week for €900,000.

One of world’s biggest banks finances Papalekas tower in Bucharest

Globalworth, the company founded by the businessman Ioannis Papalekas in order to gather under the same company more properties in Romania, has obtained a loan for the development of the office tower.

Romania GDP expands at the fastest rate in EU

The Romanian economy grew at the fastest pace in the European Union in the fourth quarter of 2013 compared with the previous three months, official data showed Friday, quoted by Mediafax.

PwC: Real Estate set to rise this year in Romania especially on the office segment

Real estate transactions in Romania will grow slightly in volume this year, especially on the office space segment, while Dublin, London and the main cities in Germany are the most attractive markets to investors, according to a PwC report released Thursday.

AEW Europe SGP acquires an 8,700 sqm office building on behalf of ERAFP in Clichy

AEW Europe SGP, an affiliate of AEW Europe, has acquired on behalf of French Public Service Additional Pension Scheme, (ERAFP), an 8,700 sqm office building in Clichy (Western suburbs of Paris).

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