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Office Market News

Romania posts highest EU inflation for sixth consecutive month this June

Romania reported a 4.5 percent annual inflation rate this June, the highest level in the EU for the sixth consecutive month, according to data from Eurostat, the statistical office of the European Union. It came ahead of Estonia (4.1 percent) and the Netherlands (3.2 percent) while the lowest levels were reported in Greece (-0.3 percent), Latvia and Poland (both 0.2 percent).

Real estate investors doubled the capital of their Romanian branches

Foreign real estate investors brought in the first six months approx. EUR 165 million capital in their companies owned in Romania, a level representing almost the double of the amount brought in the same period of last year, EUR 86 million respectively, according to data of Trade Registry.

Romania, second place in EU at construction growth level for May

Romania situated on second position in EU referring to the construction works growth in May 2013 compared to the precedent month, considering that the construction works volume registered 0.2% decrease in EU and 0.3% in Eurozone, shows Eurostat data presented on Wednesday.

JLL: It is a very good moment for liquid investors to enter Romania

Dutch Gijs Klomp, appointed as head of Jones Lang LaSalle (JLL) Romanian office in May, considers the local market still currently offers investment opportunities, but only for liquid investors, not needing bank financing, in the conditions that loans cost is considered “interdictory”.

Phase 1 of Business Garden opens in Warsaw

The grand opening of SwedeCenter’s flagship project, the Business Garden complex located at Żwirki i Wigury in Warsaw has officially opened. Further, this state-of-the-art complex, designed with the latest environmentally friendly development principles, has been nominated for Best Green Office Development of the Year at the 3rd annual CEE Green Building Awards.

Mihai Pop, Ernst&Young: Investors put Eastern Europe on secondary plan

Mihai Pop, manager of the assistance for transactions department of Ernst&Young (EY) Romania, says that the investors interested in acquisitions put Eastern Europe on secondary plan, currently the interest switching to the Pacific zones among emerging markets Latin America and Africa offer superior yields and growing markets.

Ferrero leases 1,200 sqm in Bucharest’s City Gate

The Romanian subsidiary of chocolate and sweets manufacturer Ferrero has relocated its Bucharest headquarter in the City Gate office project located in Presei Libere Square where it leased 1,200 sqm. The deal was brokered by BNP Paribas Real Estate.

SIF Transilvania to swap Brasov Citadel for EUR 5 million properties

SIF Transilvania has proposed to Brasov city Hall the release of the city citadel in exchange for plots and buildings of approx. EUR 5 million, the mayor George Scripcaru saying on Monday that the company’s offer is too high but he wanted to find solutions for the takeover of the citadel.

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