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Office Market News

Sonae Sierra appoints new leasing manager for Romania

Portuguese shopping center developer and owner Sonae Sierra has appointed Monica Alexandru as its new leasing manager for Romania. She will coordinate the leasing activities of the local shopping centers managed by Sonae Sierra including that of the ParkLake shopping center which is being developed in Bucharest.

EUR 5 million turnover in 2013 for insolvent complex Ibiza Sol

Residential complex Ibiza Sol in Pipera, in insolvency since 2011, had in 2013 total revenues of 4,897,923 Euros.

Novo Park and West Gate produce €33m in revenues in 2013

Liviu Tudor, owner of the office complex West Gate and Novo Park amassed revenues of €33m in 2013.

Neocity: We are looking for new investment opportunities in Romania

Israeli group Neocity sold to NEPI (New Europe Property Investors) the City Park Mall in Constanta, in a transaction of EUR 81 million, completed in the end of last year. Being at its second exit in Romania, the company is looking for new opportunities to invest on the local market.

Papalekas builds Bucharest One tower with Bog'art

The investment fund Globalworth Real Estate Investments, controlled by the businessman Ioannis Papalekas, announced on Friday to have chose Bog'art as general for the office building tower Bucharest One.

The Greeks bringing Nike in Romania to invest EUR 5 million in Bucharest downtown building

The company Elmec Romania, which changed its name to FF (Folli Follie) Group Romania in the beginning of this year, will complete early next year the reconstruction of the historical building owned in Universitatii area in Bucharest, intended to be equipped for offices and retail.

CGS to take 250 new employees onboard in the first two months of the year

American outsourcing company CGS is advertising in Romania 250 open positions, for speakers of Romanian, English, French, Spanish, German, Italian and Dutch.

Romanian managers worried about taxes

92% of Romanian managers are worried about the fiscal burden growing heavier, according to a PwC study. Romania’s managers rank second in the world for their “fiscal” fears, after France’s managers, and way above the global average of 70%.

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Adina Camara

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