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Office Market News

Romanian Businessman Invests EUR 35 mln in Eco-residential Complex near Bucharest

The first stage of the Casa Vlasia residential complex developed by Romanian businessman Valentin Bitoiu was opened this week.

Retail at the Forefront as Demand for XXL Warehouses Accelerates

The reshaping of supply chains boosted by rapid growth in online retailing is contributing to a significant increase in demand for XXL warehouses (+50,000 sq m), according to the latest research from global property advisor CBRE.

Adgar Group transforms Ochota Office Park into Adgar Park West

The Adgar Group, who purchased the office complex at Aleje Jerozolimskie 181 in Warsaw in June this year, has revealed the concept for the modernization of the complex and its new name, Adgar Park West, referring to its location west of the centre of the capital city and proximity to Szczęśliwicki Park.

CPI starts office development in Prague-Karlín

CPI Group has started working on one of the projects it acquired when it took over the Hungarian developer Ablon this May.

The Way Developers Capitalize the Hundreds Millions Euros Invested in Former Communist Factories Plots

Real estate developers paid hundreds million Euros for the plots of the former factories in Bucharest and in the country.

Timofte Family Pays EUR 6.5 Million to Buy Back the Control over Transilvania Construcţii

Andrei Iancu Timofte, the general manager of Transilvania Construcţii in Cluj (COTR), the son of Mircea Timofte, the president of the board bought 49.62% of the shares of the construction company from SIF Banat-Crişana (SIF1), after his mother, Gabriela Timofte, sold to SIF 29& of the shares.

New Development Speed Record: First Mall in Galaţi, to Open in 6 Months since Beginning of Works

South-Africa’s group NEPI, which has bought last year in Galati a plot of 12.7 ha, started in May the construction works for Galaţi Shopping City, with a rentable area of 27,000 sq. m and after only 6 months will open the commercial centre with retailers such as Carrefour, New Yorker, Altex, Intersport or KFC.

National Bank of Greece nears deal to sell property unit

National Bank of Greece, the owner of Banca Romaneasca, is close to clinching a deal to sell a majority stake in its fully-owned real estate arm Pangaia to private equity firm Invel Real Estate, two bankers close to the deal told Reuters on Sunday.

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