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Office Market News

Major companies are finally starting to sign office deals in the most troubled of districts in the Romanian capital

Office rental deals in the Pipera-Voluntari area have been difficult in recent years, as the area‘s poor infrastructure has been turning many potential tenants away. But a recent rash of deals in the vacancy-hit districts suggest that road improvements may finally be having the desired effects.

Another BelRom mall facing insolvency, this time in Focsani

The last few years, several companies asked for the insolvency of Bel Rom Şapte, the company that developed the retail park in Focsani, owned by the Belgian company BelRom, but the Court has rejected those actions.

Impact Bucharest to reduce its capital 10 times, down to 19.7 million lei

The shareholders of Impact Developer&Contractor (IMP) have approved on Monday the diminution of the social capital from 197.8 million lei to 19.7 million lei, operation proposed by a significant shareholder, the businessman Adrian Andrici.

BetBrain Software rents 1,300 sqm in Nouveau Center

BetBrain Software, a company specialized in IT services, relocated in Nouveau Center in Lipscani area, an office building owned by the businessman Ion Tiriac, by renting a total area of 1,300 sqm.

Allianz-Ţiriac reduces its real estate portfolio to maximize investment yields

Allianz-Ţiriac plans to reduce the real estate assets in order to maximize the investment yields and to comply with the future European requests regarding the assets suitability, the first step being the intention to sell a building in Brasov for approx. EUR 9 million.

NIS: 8.8% increase of the construction works volume in April

The construction works volume increased as unadjusted series in April with 8.8% compared to March 2013, and decreased with 3.7% as adjusted series according on the working days number and season, according to the National Institute of Statistics (NIS).

Four years after the fire, the office tower near Armenian Church enters rehabilitation

The office building Millennium Business Center, situated near the Armenian Church in Bucharest centre, should undergo in the following period a large rehabilitation process, four years after the fire that made the building unusable and started lots of conflicts, the damages being evaluated at dozens million euros.

Part of 5 stars Marriott hotel in Bucharest sells today

The 35% share of Marriott hotel Bucharest, owned by ONT Carpaţi, will be sold in auction for EUR 22 million. The also amount includes the ONT claim of approx. EUR 35 million to Marriott’s company, Societatea Companiilor Hoteliere Grand.

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Adina Camara

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