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Office Market News

Mega Image premises and 15 villas in Green City, sold for EUR 1.3 million

Euro Insol, the liquidator of Clean Optim Serv, the company used by the businessman Dumitru Bucşaru to develop part of the residential complex Green City in 1 Decembrie village from Ilfov county, sold a package of 15 villas within the complex for EUR 602,000, as well as the premises of Mega Image supermarket, for EUR 701,000.

Metro Systems Romania will extend its rented surface in Brasov Business Park

Starting March 1st 2014, METRO SYSTEMS Romania S.R.L., a subsidiary of METRO SYSTEMS GmbH, offering support in the business with their IT competence in developing and operation, will extend its operations in Brasov by renting an additional surface of 77,28 sq.m. to the actual rented surface of 224,5 sq.m.

The construction company of the richest businessman in Mures enters insolvency

The company Contranscom Benţa, part of Benţa group of companies, controlled by Remus Benţa, entered insolvency in the end of January.

Iulian Dascalu had almost EUR 65 mln income from Iulius malls and Palas Iasi complex

The four commercial centres branded Iulius Mall and Palas Iasi complex, owned by the businessman Iulian Dascalu, had a total turnover of EUR 64.56 million last year, with 16% growth compared to 2012, according to data released by Iulius Group, Mediafax writes.

Real estate transactions number, 17 pct. growth last year

The number of the real estate transactions has grown with 17% last year, compared to 2012, to 824,989 operations, most of them being registered in Bucharest and the fewest in Teleorman district.

NEPI’s shareholders, 73.5 pct. income growth

South Africa’s investment fund New Europe Property Investments (NEPI) reported for last year a profit for its shareholders of EUR 57.46 million, 73.5% bigger than the profit registered last year, EUR 33.1 million.

EY: Romanian real estate to become attractive for investment funds in the next 18 months

The confidence of the investors in the real estate market recovered in most of the European countries, including those severely affected by the financial crises, such as Spain and the Netherlands, according to a research of the consultancy company EY, whose analysts consider the positive feeling could also affect the local market.

CBRE: IT&C companies lease over 100,000 sqm of office space in Bucharest in 2013

Almost 300,000 sqm of office spaces were leased last year in Bucharest, marking the highest volume of transactions ever recorded in the capital, according to CBRE.

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